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Removed 143.8M OCEAN...

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idiom-bytes 2023-03-24 17:12:16 -07:00
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veocean-data-farming/emissions-apys.md
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@ -6,7 +6,7 @@ description: Details on the emission curves and a study on estimated APYs
With veOCEAN, OceanDAO evolves to be more like CurveDAO:
- ve is at the heart with v = voting (in data asset curation) and e = escrowed (locked) OCEAN. The longer the lockup, the more voting and rewards, which reconciles near- and long-term DAO incentives.
- The DAO has increased bias to automation, and to minimizing the governance attack surface. The 143.8M OCEAN that was originally earmarked for a DAO treasury will go into DF instead. And, 143.8M OCEAN earmarked for grants will go to DF (>21.5M OCEAN remains for grants). This is on top of 215.7M OCEAN previously allocated . Therefore DF now has 503.4M OCEAN allocated; this is 35.7% of total OCEAN supply (1.41B OCEAN).
- The DAO has increased bias to automation, and to minimizing the governance attack surface.
The baseline emissions schedule determines the weekly OCEAN budget for this phase. The schedule is like Bitcoin, including a half-life of 4 years. Unlike Bitcoin, there is a burn-in period to ratchet up value-at-risk versus time:
- The curve initially gets a multiplier of 10% for 12 months (DF Main 1)