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The Jar (Boardroom)
Variable | Time |
|---|---|
Epoch length | 2 hours |
PBL lockup | 48 hours (24 epochs) |
SERENE lockup | 2 hours (1 epoch) |
Taking the following actions will reset both lockup timers:
- Depositing or withdrawing PBL LP to/from the Jar
- Claiming SERENE rewards
New SERENE will be minted at the start of each epoch when the TWAP of SERENE is above 1.01 $wETH.
The amount minted will be based on the current circulating supply of SERENE.
When under peg (TWAP < 1.01), no SERENE will be minted.
We have developed an unique inverse emissions curve that will counteract the traditional inflationary behavior while giving additional value to long-term holders. In this way, we will create a ramp-up in emissions from launch as opposed to the classic decreasing emissions over time.
SERENE emissions will increase over time together with the strength of our deflationary mechanisms.
Last modified 3mo ago