☄️Perfect Emissions

Liquidity Mining

In order to counter dilution and create a more deflationary emissions model, PerfectSwap has deployed a dynamic strategy that utilizes a burn function to mitigate over-emitting rewards.

The 'Percent Rewards' come partially vested (70/30 ratio by default) and the 'Percent Burned' come unvested and will be reduced from the total reward allocation for the epoch. Reference the step chart below for a better visual of the breakdown.

For example, if 100,000 $PRFCT was to be emitted during a period and the 'Percent Rewards' was 20% and the 'Percent Burn' was 80%, 20,000 tokens would be distributed (partially vested) and 80,000 $PRFCT would be burned. Of that 20,000, say that the vesting ratio was set to the default at 70/30, 14,000 $PRFCT would be rewarded unvested and 6,000 $vePRCT would be rewarded and eligible for unlock a week later.

Schedule

0 - 2 Weeks: 20% Rewards - 80% Burned

2 - 6 Weeks: 40% Rewards - 60% Burned

6 - 12 Weeks: 60% Rewards - 40% Burned

12 - 20 Weeks: 70% Rewards - 30% Burned

20-30 Weeks: 80% Rewards - 20% Burned

30 - 35 Weeks: 90% Rewards - 10% Burned

35 - 40 Weeks: 99% Rewards - 1% Burned

General Emissions

PerfectSwap's general emissions are designed to enable sustainable farming by creating an exponentially decaying distribution of rewards. Following the liquidity bootstrapping phase where one third of general emissions will be released the first week of farming, a decay of 2% per week for 12 months will follow. Rewards are still given partially vested with the default ratio still applying at 70/30.

Though PerfectSwap will emit a large portion of its liquidity allocation the first week, it is important to remember that rewards are indeed partially vested including during that first week and the decay that is to follow will enable robust liquidity to exist beyond the early stages or phases of the project.

General emissions make up for 15% of the initial supply with the other 15% being used for liquidity provision through liquidity mining.