Emission Schedule
Last updated
Last updated
SWPx token emissions occur weekly, with a maximum predictable supply, though they can be allocated flexibly across various destinations.
What are Emissions?
In a DEX, emissions refer to the distribution of tokens as rewards for providing liquidity.
The initial total supply is 40M SWPx, with an initial emission of 2M SWPx. Emissions will decay at a rate of 1% per epoch for the first four weeks, increasing to 2.5% starting from the fifth epoch, leading to a gradual reduction in weekly SWPx emissions over time.
What is Decay?
“Decay” refers to the mechanism designed to reduce the weekly emissions of SWPx progressively.
Liquidity Providers: 92% to 62% over time
Rebase: Starts at 10%, increasing by 1% weekly until reaching 30%
Referral System: 0% to 5%
Treasury Allocation: 3%
Rebase
Rebase protects voting power holders from the dilution of their shares, allowing them to claim up to 30% of the new emissions each week to maintain their proportional influence within the system.
The SWPx token does not have a fixed total max supply. Emissions start at 2M tokens per week, decreasing by 1% each week for the first four epochs, then shifting to a 2.5% weekly decrease from the fifth epoch onward. From epoch 250, the emission curve flattens out, and we can take the total of 123 million tokens emitted by that date as a reference. Emission Sheet: https://sonicarcade.live/swapxemissions
The decay rate is adjustable through SwapX governance, allowing emissions to be increased or reduced based on market conditions. This dynamic approach helps maintain a healthy range for the SWPx token, preventing both over- and under-emission.
