Supply
$WARD supply details
| Property | Details |
|---|---|
| Token | WARD |
| Initial total supply | 1,000,000,000 WARD |
| Decimals | 6 |
$WARD emissions
On mainnet launch, which will operate under a Proof-of-Authority framework, there will be zero token emissions.
Upon evolution to the Proof-of-Stake framework, an emission of WARD tokens commences, with 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, 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.