# Emissions 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%. 2. 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). --- # Agent Instructions: Querying This Documentation If you need additional information that is not directly available in this page, you can query the documentation dynamically by asking a question. Perform an HTTP GET request on the current page URL with the `ask` query parameter: ``` GET https://the-pantheon.gitbook.io/the-pantheons-official-documentation/project-details/staked-positions-spnfts/emissions.md?ask= ``` The question should be specific, self-contained, and written in natural language. The response will contain a direct answer to the question and relevant excerpts and sources from the documentation. Use this mechanism when the answer is not explicitly present in the current page, you need clarification or additional context, or you want to retrieve related documentation sections.