Age 1
Last Updated: March 30, 2023
Objectives
Distribute pre-TGE protocol fees
Kickstart the decentralization of the protocol
Bootstrap Pine Protocol usage
Parameters
Rules
Incentives will be unlocked in a linear fashion - i.e. in each epoch, 250,000 PINE will be allocated to eligible users
Staking reward will be allocated based on daily snapshots of vePINE and sbPINE holding and will be available for withdrawal at the end of each epoch.
Protocol incentives will be allocated based on hourly snapshot of borrowing and lending activities on the Pine protocol. Protocol incentives awarded can only be withdrawn at the end of each epoch.
(new) Before each Epoch, a community vote will determine if protocol incentives rewards should be granted for the coming Epoch
The DAO has the power to vote on amending the parameters and the vesting schedule of the rewards.
Incentives not distributed could be burnt at the discretion of the DAO.
(new) The protocol and DAO has full discretion to disqualify any rewards earned via illicit activities, e.g. lending and borrowing activities using a fake NFT collection. The protocol and DAO strongly discourage any wash transaction activities.
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