Token distribution model
Last updated
Last updated
One hundred million (100,000,000) IPOR tokens were minted at inception. The mint function is not available beyond the initial mint. Likewise, there is no burning method. The IPOR token is a simple non-upgradeable ERC20 contract.
All vesting mentioned below starts at TGE.
25%
Liquidity mining
Emission of 1.05 tokens per block. Can be adjusted by the DAO.
11.85%
Investors
Linear vesting over 3 years. No cliff.
Multiple vesting walllets
0.39%
Retroactive Rewards
85,200 unlocked from 18.01.2023. 305,000 vesting 6 months from the same date.
The IPOR Token emission starts with retroactive rewards for early protocol users, followed by IPOR's Liquidity Mining model (Power Tokens). The initial liquidity mining emission rate started at 10,800 pwIPOR tokens per day for the first 3 months.
Issuance details are displayed in the chart below.
After a successful vote in IPOR's Economic Working Group on April 25, 2023, the inflation rate was adjusted to 7,560 pwIPOR per day (0.35 tokens per block, per pool).
With the launch of the stETH pool on October 12, 2023, emissions were increased again to 10,800 per day.
Through IIP-13, the Economics Workgroup was authorized to make regular adjustments to the amount of total Liquidity Mining pwIPOR emissions and the allocation to individual liquidity pools. The changes were announced in the Discord channel #the-pool.
The following table shows the history of emission adjustments:
