⛽Emissions

The initial supply of $STERLING is 1,000,000.

Weekly emissions start at 25,000 $STR (2.5% of the initial supply) and decay at 1% per week (or epoch).

$veSTR holders will NOT receive rebases. We have decided to completely remove this from our model as our lock time is so short it makes it irrelevant. Moreover, as our friends at Equalizer.Exchange put it “it creates a problem for new entrants, as they find it hard to obtain a fair ownership percentage of fees and voting power later in the evolution of the exchange.” and as Hybrid#7664 simply also put it “less tokens in circulation = better”

Each weekly emission will occur from the start of each epoch. The emissions will not have a ramp down period to eliminate dilution and token price depreciation. Emissions will be kept at a slow but steady decline to balance the liquidity incentives and fees for the $veSTR holders.

5% of $STR emissions will flow to the Treasury for marketing and core pool management purposes.

Emissions will have a 1.0% decline rate per week:

Week 1 - 25,000 Week 2 - 24,750 Week 3 - 24,502 Week 4 - 24,256 Week 5 - 24,013

This will provide a slow & predictable decline in emissions that will last into way more than I can probably count (this is me Sterling writing this rn, I’m now in your head).