IPOR Protocol
  • The IPOR Protocol Documentation
  • IPOR Protocol V2
  • Research / Whitepapers
    • Conceptual Whitepaper
  • Audits
  • Community Links
  • IPOR Protocol Roadmap
  • IPOR FAQ
    • About the IPOR Protocol
    • Using the IPOR Protocol
    • Liquidity Mining
    • Swaps VS Perps
    • $FUSN Snapshot
  • About IPOR
    • Who Uses IPOR and for What?
    • Why IPOR?
    • IPOR Manifesto
  • IPOR Fusion ⚛️
    • Fusion Introduction
      • Defragmenting DeFi Yield
    • Why Fusion?
    • Users
    • Use Cases
    • Architecture Overview
      • Atomists
      • Alphas
    • Vaults
      • Access Management
    • Fuses
    • Security
      • For Liquidity Providers
      • For Vault Owners
      • Testing
    • Open-source Repository
    • Aragon Integration
  • IPOR Index
    • What is the IPOR Index
    • Working with the IPOR Index
    • IPOR stETH Index
  • Interest Rate Derivatives
    • Interest Rate Derivative
    • Index Calculation
    • IPOR Publication
    • IBT
    • Indicative Term Sheet
  • Automated Market Maker
    • The Automated Market Maker
    • Liquidity Provisioning
    • IPOR Swaps
      • Hedging example with Morpho protocol
    • Spread
      • Math behind the demand spread
    • Risk oracle
    • SOAP
    • Liquidations
    • Asset Management
  • Tokenomics
    • IPOR Token
    • Token distribution model
    • Power IPOR
    • Liquidity mining
      • Math behind the rewards contract
    • Power Token Liquidity Mining for Developers
  • IPOR DAO
    • IPOR DAO Governance
      • Discord - All Channels
      • Discord - Open Governance Forum
      • Discord - Formal Governance
      • Snapshot - Formal Governance
      • Governing Multisig wallets
    • Decentralizing IPOR
      • Configuration Parameters
  • Developers Docs
    • Fusion
      • Developing а Fuse
      • Configuring Pre-hooks
    • Deployed Contracts
      • Ethereum
      • Arbitrum
      • Base
    • Working with IPOR Router
    • ABI
    • V2 changes
    • IPOR Oracle
    • Vault Wrapper
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  • Process of Staking
  • Non-transferability
  • 1:1 Exchange Ratio
  • Voting
  • Power IPOR Delegation
  • Unstaking

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  1. Tokenomics

Power IPOR

Staked IPOR

Staked IPOR, or Power IPOR (pwIPOR), is an avenue to put a user's IPOR tokens to use.

The IPOR token is intended to be precisely what it is - a token; Power IPOR, on the other hand, has been designed with greater functionality in mind.

Process of Staking

Staking IPOR to get Power IPOR (pwIPOR) is straightforward. Simply execute function stake() with IPOR tokens to receive a pwIPOR from the staking contract.

Non-transferability

Power IPOR can not be transferred. That is to enable simultaneous liquidity mining, voting, voting delegation, and possibly other uses that the IPOR DAO will develop.

If you want to transfer Power Tokens, you need to unstake the tokens first and transfer IPOR tokens.

1:1 Exchange Ratio

IPOR and pwIPOR tokens are exchangeable 1:1. Even if there is some yield generation on pwIPOR, such as what might take place in the case of a token buyback, tokens will still be convertible 1:1, and holders of pwIPOR will see a higher balance of staked IPOR tokens in their wallet.

Voting

The only way to vote for DAO proposals within the IPOR protocol is to get the Power IPOR tokens. An IPOR token on its own does not participate in voting.

Power IPOR Delegation

Specific uses, such as voting, can be delegated to another address. If you wish to delegate your Power IPOR to another address, you're free to do so. By transferring your voting power, you will not be able to vote; however, you can still use Power IPOR for other things, such as liquidity mining.

Unstaking

Unstaking your Power IPOR and converting it to an IPOR token requires a 14-day cool-off (Arbitrum: 30 days) period if you want to redeem it without fees. If you don't want to wait, a 50% fee is applied to your Power IPOR before it's converted and distributed to other Power IPOR holders.

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Last updated 8 months ago

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