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The Pantheon's Official Documentation
  • Project Overview
    • An Introduction
      • The Overview
      • The Vision
    • For Businesses
      • Proof-of-Transparency
      • Quality Management
      • Aegis: The QA Standard
      • Program Development
      • Benefits
    • For Users
      • DYOR Dashboard
      • Ensemble: The People's DYOR Tool
    • The PAN Token
      • Tokenomics
      • Public Sale
  • Project Details
    • Non-Rebase Bonding
      • What Is Bonding?
      • Bonding Details
    • Non-Fungible Tokens (NFTs)
      • The Aegis NFT
    • Staked Positions (spNFTs)
      • Utility
      • Properties
      • Emissions
    • Governance
      • Snapshot
      • Snapshot Proposals
      • Official Proposals
    • Membership
  • Contracts
    • Tokens
    • NFT
  • References
    • Audits
    • MultiSig
    • Media Kit
    • Glossary
    • Deck
  • Getting Started
    • Get Started With The Pantheon
      • Get Started On The Pantheon
    • FAQ
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  1. Project Details
  2. Staked Positions (spNFTs)

Emissions

How Do The vePAN Emissions Work?

When utilizing the Reserves for emissions, the vePAN will provide incentives and rewards in PAN.

As stated, the PAN token utilizes a veNFT model, in which PAN tokens are locked up, and the locked tokens are wrapped, creating a staked position NFT, or spNFT. The spNFT (vePAN) holds a weight, determining how much 'stake' or 'power' you hold within The Pantheon.

Here come three important deviations from the standard ve mechanism;

  1. ve lockers increase their holdings proportional to the weekly emissions

Assume 10,000 weekly emission, a total supply of 100,000,000, and a locked supply of 50,000,000. This would mean that 5,000 new tokens are emitted and provided as incentives, a 4.5% supply increase. Our goal is to ensure that ve lockers are never diluted, as such, ve lockers have their holdings increased by 4.5%.

  1. ve locks are spNFTs

By extending locks into Non Fungible Tokens, it addresses the capital inefficiency problem of ve assets, as well as addresses concerns over future liquidity (should it ever be required).

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Last updated 2 years ago