# Emission Schedule

SWPx token emissions occur weekly, with a maximum predictable supply, though they can be allocated flexibly across various destinations.&#x20;

> ***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.*

## Weekly Emissions Specifications <a href="#id-5908" id="id-5908"></a>

* **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.

<figure><img src="https://1499678521-files.gitbook.io/~/files/v0/b/gitbook-x-prod.appspot.com/o/spaces%2Fe9nr7wZlbvmDhs2uT0Xn%2Fuploads%2FLEvlxyWLathk5VNObzCk%2FWeeklyEmissionSwapX.png?alt=media&#x26;token=df9439c7-eeda-4234-abda-e947f47753bb" alt=""><figcaption><p>Percentages are interpolated linearly based on predefined targets, offering a clear overview of trends for illustrative purposes</p></figcaption></figure>

## Weekly Emissions <a href="#id-5908" id="id-5908"></a>

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 to the seventeenth. Starting from epoch 18, the decay drops to 0.5% per week.\
\
Emission Sheet: <https://sonicarcade.live/swapxemissions>

<figure><img src="https://1499678521-files.gitbook.io/~/files/v0/b/gitbook-x-prod.appspot.com/o/spaces%2Fe9nr7wZlbvmDhs2uT0Xn%2Fuploads%2F6TbIj9W0eMD4VUMjqssM%2Fimage.png?alt=media&#x26;token=bd0ee377-9e83-4c47-aa56-abb3e3fe937f" alt=""><figcaption></figcaption></figure>

{% hint style="info" %}
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.
{% endhint %}

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{% embed url="<https://dune.com/0xkhmer/swapx>" %}
