How It Works

Token Overview

Incentive Design

Operating Model

Token Emissions

Voting on Emissions

Flywheel

Market Dynamics

Real World Use Case

FAQs

Appendix

⏎ Return to start

Weekly Emissions

Weekly emissions follow an **vote escrow model schedule**, distributing 1B tokens over 3 years.

Take-off Phase (Weeks 1–14)

• Start: ~30M tokens/week
• Growth: +3% weekly
• Goal: Bootstrap ecosystem and onboard Flex Pools

Cruise Phase (Week 15+)

• Emissions decay by 1% weekly
• Gradually reduces inflation

“VGRD Fed” Phase (Week ~67+)

When emissions fall below ~27M/week, veVGRD voters decide:

• Increase emissions (+0.01% of supply/week)
• Decrease emissions (−0.01%)
• Keep unchanged

Caps: 0.01% – 1% of total supply per week

Elastic Adjustment

Emission levels assume >75% capacity demand.

If demand drops, emissions adjust downward proportionally to prevent excess inflation.

3-Year Emission Target

Over 156 weeks (3 years), approximately 1,000M tokens are distributed to DER owners and veVGRD stakers, bringing total supply to 2.5B.

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