Age 2

Objectives

• Distribute pre-TGE protocol fees

• Bootstrap Pine Protocol usage

Parameters

Field	Value
Age Start Time	19 May 2023 UTC 08:00
Age End Time	04 Aug 2023 UTC 08:00
Epoch Length	1 week
Epoch Endtime	E01: 19 May 2023 UTC 08:00 E02: 26 May 2023 UTC 08:00 E03: 02 Jun 2023 UTC 08:00 E04: 09 Jun 2023 UTC 08:00 E05: 16 Jun 2023 UTC 08:00 E06: 23 Jun 2023 UTC 08:00 E07: 30 Jun 2023 UTC 08:00 E08: 07 Jul 2023 UTC 08:00 E09: 14 Jul 2023 UTC 08:00 E10: 21 Jul 2023 UTC 08:00 E11: 28 Jul 2023 UTC 08:00 E12: 04 Aug 2023 UTC 08:00
Rewards Claim Time	24 hours after the end of each Epoch
Total Incentive	1,747,992 PINE (0.85% of total supply)
Incentive Amt for vePine & sbPine holders	500,000 PINE (0.125% of total supply) + 8.3 ETH (Pine protocol fee accrued pre-TGE)

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 Protocol incentives awarded can only be withdrawn at the end of each epoch.

• 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.