Supply
WARD supply details
| Property | Details |
|---|---|
| Token | WARD |
| Initial Total Supply | 250,000,000 WARD |
| Decimals | 6 |
WARD emissions
An emission 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% |
Issuance rate
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
The rate of change is 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.