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  • Minting and burning
  • Token allocation
  • Inflation rate
  • Further Liquidity Mining Adjustments

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  1. Tokenomics

Token distribution model

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Last updated 1 year ago

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Minting and burning

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.

Token allocation

All vesting mentioned below starts at TGE.

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Who
Vesting details
Wallet Address

30%

DAO Treasury

Governed by IPOR DAO

25%

Liquidity mining

Emission of 1.05 tokens per block. Can be adjusted by the DAO.

12.76%

Operations

No vesting. To be used by the DAO

20%

Core Team

Linear vesting over 3 years. No cliff.

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.

Inflation rate

Issuance details are displayed in the chart below.

Further Liquidity Mining Adjustments

.

The IPOR Token emission starts with retroactive rewards for early protocol users, followed by IPOR's Liquidity Mining model (). The initial liquidity mining emission rate started at 10,800 pwIPOR tokens per day for the first 3 months.

After a successful on April 25, 2023, the inflation rate was adjusted to 7,560 pwIPOR per day (0.35 tokens per block, per pool).

With the on October 12, 2023, emissions were increased again to 10,800 per day.

Through , 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 following shows the history of emission adjustments:

Power Tokens
vote in IPOR's Economic Working Group
launch of the stETH pool
IIP-13
#the-pool
table
0x558c8eb91F6fd83FC5C995572c3515E2DAF7b7e0
0x0b65625f905168EF24829fb625B177f83f1BFe6B
0xB7bE82790d40258Fd028BEeF2f2007DC044F3459
0x6f8c6Ae4e765a5d1fe07763B41c43453132C5D3d
Multiple wallets
history of pwIPOR emission adjustments