Supply
| Property | Details |
|---|---|
| Token | WARD |
| Initial Total Supply | 250,000,000 WARD |
| Decimals | 6 |
WARD Emissions
The emissions of WARD tokens is a programmatic emission based on the proportion of WARD tokens staked relative to the total supply. This will operate based on preset parameters:
| Parameter | Value |
|---|---|
| Initial Issuance | 8% |
| Maximum Annual Issuance | 10% |
| Minimum Annual Issuance | 1% |
| Target WARD staked | 65% |
| Inflation Rate of Change | 100% |
Programmatic Emissions As above, the Warden Protocol adjusts the WARD issuance rate based on the actual staking ratio relative to the target:
-
Below Target Staking: If the percentage of staked WARD is less than the target of 65%, the issuance rate will incrementally increase. This adjustment continues until it reaches the maximum rate of 10% or until the staking target is met.
-
At Target Staking: When the staking ratio aligns with the 65% target, the current issuance rate remains unchanged.
-
Above Target Staking: If the percentage of staked WARD is greater than the target of 65%, the issuance rate will incrementally decrease. This adjustment continues until it reaches the minimum rate of 1% or until the staking target is met.
Rate of Change Formula
The rate at which the WARD issuance adapts over the year is quantified by the following formula:
[1 - (current staked ratio/staking target)] x Inflation rate of change
Burns
WARD tokens are burned programmatically from a 3% community tax taken from protocol fees to reduce supply along the growth of the protocol.