🏃PROLONGED EMISSION DECAY
Last updated
Last updated
In Solidly, protocol emissions decayed too quickly, leading to minimal incentives for late entrants.
While it is important to reward early adopters for the risks they undertake, we noticed that the emissions decayed too rapidly in the Solidly model. Consequently, we implemented a few minor adjustments to ensure that, although early adopters would still be rewarded, the protocol would remain a viable opportunity for future protocols.
First, we altered the emissions growth function to
(veAPXV.totalSupply ÷ APXV.totalsupply)³ × 0.5 × Emissions
Second, we eliminated negative voting, as it proved to be overly zero-sum.
Third, we removed the LP emissions "boost" for voters. Instead, these emissions are redistributed among all LPs, regardless of their veNFT ownership status, to guarantee that voters can incentivize external liquidity.
