Rewards
DER is distributed to the community through a novel model called Sleeper Tokenomics, where the full token reward is only reached when the TVL (Total Value Locked) reaches its target capacity. This model creates a fairer Liquidity Mining environment by closing the rewards gap between first-comers and late-arriving participants.
A total of 42,000 DER (42% of the total supply) is locked in the Derivable Incentive contract. This DER is released as an incentive for users who stake tokens into the Derivable incentivized pools. Each day, at most 0.19% of the remaining DER in the pool is distributed to the staked Liquidity Providers and Referrer Commission, meaning it takes about 1 year to halve the tokens in the pool with full capacity staking.
0
100.00%
79.76
30
94.46%
75.34
60
89.23%
71.17
90
84.29%
67.23
120
79.62%
63.51
150
75.21%
59.99
180
71.05%
56.67
210
67.11%
53.53
240
63.40%
50.56
270
59.89%
47.76
300
56.57%
45.12
330
53.44%
42.62
360
50.48%
40.26
However, not all of the 0.19% will be released each day when the Total Value Locked (TVL) does not reach full capacity. The higher the TVL of all pools, the closer the reward will be to 0.19% of the remaining tokens in the Derivable Incentive pool.
Please refer to the following table for the first day with a Reward Cap of 79.76 DER.
$1,000
0.06
$2,000
0.11
$4,000
0.22
$8,000
0.44
$16,000
0.88
$32,000
1.75
$64,000
3.46
$128,000
6.77
$256,000
12.97
$512,000
23.83
$1,024,000
40.54
$2,048,000
60.47
$4,096,000
75.10
$8,192,000
79.49
$16,384,000
79.76
The same calculation is applied to Trader Incentive with a total of 21,000 DER.
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