From eddace313843c78037886b9aafc4d3fb54417ee0 Mon Sep 17 00:00:00 2001 From: Eric Juta Date: Tue, 25 Jan 2022 16:26:52 +0000 Subject: [PATCH 1/5] docs(tokenomics.md, ve-tokenomics.md): update introduction paragraph on tokenomics and make a start on vote locking description --- docs/tokenomics.md | 144 +++++++++++++++++++++--------------------- docs/ve-tokenomics.md | 12 ++++ 2 files changed, 83 insertions(+), 73 deletions(-) create mode 100644 docs/ve-tokenomics.md diff --git a/docs/tokenomics.md b/docs/tokenomics.md index d888cdf..4cf804d 100644 --- a/docs/tokenomics.md +++ b/docs/tokenomics.md @@ -1,23 +1,25 @@ +# Introduction -# General Info - -The Trisolaris DEX currently takes a protocol fee of 0.3% for swaps that is distributed to liquidity providers. - -This fee % as well as where they flow to can both be adjusted in the future via governance by $TRI token holders. - +The TRI token is integrated into the platform in the following ways: +- Distributed via farming pools as part of the liquidity mining program to incentivise LPs. + On specific partner project pools there are multiple token rewards in addition to TRI tokens. +- Trading swaps across paired pools occur at a 0.3% fixed fee accrue to TRI single side stakers. + The xTRI token accounts for staker pool share and those trading fees increase the xTRI:TRI ratio daily. +- Pegged asset "stable" swaps also accrue (TBD)% fixed fees to TRI single side stakers. +- As additional Trisolaris labs products get released, the general idea is the divert platform fees towards community governance and participation via the token. # TRI Distribution -* **Token Contract**: `0xFa94348467f64D5A457F75F8bc40495D33c65aBB` -* **Total Supply**: 500,000,000 -* **Months to emit**: 36 +- **Token Contract**: `0xFa94348467f64D5A457F75F8bc40495D33c65aBB` +- **Total Supply**: 500,000,000 +- **Months to emit**: 36 ### Allocation: -* **70%** Community + Liquidity Incentives -* **15%** Treasury : For future strategic partnerships, investors, and more -* **15%** Current & Future Team : 4 month lockup, followed by 12 month vesting. See full details [here](https://medium.com/trisolaris-labs/update-team-advisors-token-vesting-9ced4bc72aee) +- **70%** Community + Liquidity Incentives +- **15%** Treasury : For future strategic partnerships, investors, and more +- **15%** Current & Future Team : 4 month lockup, followed by 12 month vesting. See full details [here](https://medium.com/trisolaris-labs/update-team-advisors-token-vesting-9ced4bc72aee) # Emissions @@ -25,7 +27,7 @@ As we move forward, over the course of 3 years, we aim to systematically reduce Here is a chart that provides a full view of the overall TRI supply distribution and how it comes into circulation: -![Emissions Graph](img/emissions.png) +![Emissions Graph](img/emissions.png) Brief overview of the different segments above: @@ -36,68 +38,64 @@ Brief overview of the different segments above: ### Emissions Schedule By Month: -**Month**|**TRI Per Block** -:-----:|:-----: -Nov 2021|5 -Dec 2021|5 -Jan 2022|5 -Feb 2022|4.75 -Mar 2022|4.75 -Apr 2022|4.5 -May 2022|4.5 -Jun 2022|4 -Jul 2022|4 -Aug 2022|3.75 -Sep 2022|3.75 -Oct 2022|3.75 -Nov 2022|3.75 -Dec 2022|3.5 -Jan 2023|3.5 -Feb 2023|3.5 -Mar 2023|3.5 -Apr 2023|3.25 -May 2023|3.25 -Jun 2023|3.25 -Jul 2023|3.25 -Aug 2023|3 -Sep 2023|3 -Oct 2023|3 -Nov 2023|3 -Dec 2023|3 -Jan 2024|3 -Feb 2024|2.75 -Mar 2024|2.75 -Apr 2024|2.75 -May 2024|2.75 -Jun 2024|2.75 -Jul 2024|2.75 -Aug 2024|2.5 -Sep 2024|2.5 -Oct 2024|2.5 -Nov 2024|2.5 - - - +| **Month** | **TRI Per Block** | +| :-------: | :---------------: | +| Nov 2021 | 5 | +| Dec 2021 | 5 | +| Jan 2022 | 5 | +| Feb 2022 | 4.75 | +| Mar 2022 | 4.75 | +| Apr 2022 | 4.5 | +| May 2022 | 4.5 | +| Jun 2022 | 4 | +| Jul 2022 | 4 | +| Aug 2022 | 3.75 | +| Sep 2022 | 3.75 | +| Oct 2022 | 3.75 | +| Nov 2022 | 3.75 | +| Dec 2022 | 3.5 | +| Jan 2023 | 3.5 | +| Feb 2023 | 3.5 | +| Mar 2023 | 3.5 | +| Apr 2023 | 3.25 | +| May 2023 | 3.25 | +| Jun 2023 | 3.25 | +| Jul 2023 | 3.25 | +| Aug 2023 | 3 | +| Sep 2023 | 3 | +| Oct 2023 | 3 | +| Nov 2023 | 3 | +| Dec 2023 | 3 | +| Jan 2024 | 3 | +| Feb 2024 | 2.75 | +| Mar 2024 | 2.75 | +| Apr 2024 | 2.75 | +| May 2024 | 2.75 | +| Jun 2024 | 2.75 | +| Jul 2024 | 2.75 | +| Aug 2024 | 2.5 | +| Sep 2024 | 2.5 | +| Oct 2024 | 2.5 | +| Nov 2024 | 2.5 | # Incentivized Pools Liquidity providers who stake their LP tokens from the following pools in the [Farms page](https://www.trisolaris.io/#/farm/1) will be rewarded with $TRI from the 70% Liquidity Incentives allocation. -| Pool | TRI Allocation (%) | LP Address | Explorer Link | -|------------|--------------------|--------------------------------------------|-----------------------------------------------------------------------------------------------------| -| wNEAR-TRI | 22 | `0x84b123875F0F36B966d0B6Ca14b31121bd9676AD` | [Link](https://explorer.mainnet.aurora.dev/address/0x84b123875F0F36B966d0B6Ca14b31121bd9676AD/transactions) | -| TRI-USDT | 10 | `0x61C9E05d1Cdb1b70856c7a2c53fA9c220830633c` | [Link](https://explorer.mainnet.aurora.dev/address/0x61C9E05d1Cdb1b70856c7a2c53fA9c220830633c/transactions) | -| wNEAR-ETH | 11 | `0x63da4DB6Ef4e7C62168aB03982399F9588fCd198` | [Link](https://explorer.mainnet.aurora.dev/address/0x63da4DB6Ef4e7C62168aB03982399F9588fCd198/transactions) | -| wNEAR-USDC | 11 | `0x20F8AeFB5697B77E0BB835A8518BE70775cdA1b0` | [Link](https://explorer.mainnet.aurora.dev/address/0x20F8AeFB5697B77E0BB835A8518BE70775cdA1b0/transactions) | -| wNEAR-USDT | 11 | `0x03B666f3488a7992b2385B12dF7f35156d7b29cD` | [Link](https://explorer.mainnet.aurora.dev/address/0x03B666f3488a7992b2385B12dF7f35156d7b29cD/transactions) | -| USDC-USDT | 10 | `0x2fe064B6c7D274082aa5d2624709bC9AE7D16C77` | [Link](https://explorer.mainnet.aurora.dev/address/0x2fe064B6c7D274082aa5d2624709bC9AE7D16C77/transactions) | -| wNEAR-WBTC | 11 | `0xbc8A244e8fb683ec1Fd6f88F3cc6E565082174Eb` | [Link](https://explorer.mainnet.aurora.dev/address/0xbc8A244e8fb683ec1Fd6f88F3cc6E565082174Eb/transaction) | -| AURORA-ETH | 1 | `0x5eeC60F348cB1D661E4A5122CF4638c7DB7A886e` | [Link](https://explorer.mainnet.aurora.dev/address/0x5eeC60F348cB1D661E4A5122CF4638c7DB7A886e/transactions) | -| TRI-AURORA | 7 | `0xd1654a7713617d41A8C9530Fb9B948d00e162194` | [Link](https://explorer.mainnet.aurora.dev/address/0xd1654a7713617d41A8C9530Fb9B948d00e162194/transactions) | -| wNEAR-LUNA | 1 | `0xdF8CbF89ad9b7dAFdd3e37acEc539eEcC8c47914` | [Link](https://explorer.mainnet.aurora.dev/address/0xdF8CbF89ad9b7dAFdd3e37acEc539eEcC8c47914/transactions) | -| wNEAR-UST | 1 | `0xa9eded3E339b9cd92bB6DEF5c5379d678131fF90` | [Link](https://explorer.mainnet.aurora.dev/address/0xa9eded3E339b9cd92bB6DEF5c5379d678131fF90/transactions) | -| wNEAR-AVAX | 1 | `0x6443532841a5279cb04420E61Cf855cBEb70dc8C` | [Link](https://explorer.mainnet.aurora.dev/address/0x6443532841a5279cb04420E61Cf855cBEb70dc8C/transactions) | -| wNEAR-BNB | 1 | `0x7be4a49AA41B34db70e539d4Ae43c7fBDf839DfA` | [Link](https://explorer.mainnet.aurora.dev/address/0x7be4a49AA41B34db70e539d4Ae43c7fBDf839DfA/transactions) | -| wNEAR-MATIC | 1 | `0x3dC236Ea01459F57EFc737A12BA3Bb5F3BFfD071` | [Link](https://explorer.mainnet.aurora.dev/address/0x3dC236Ea01459F57EFc737A12BA3Bb5F3BFfD071/transactions) | -| wNEAR-FLX | 1 | `0x48887cEEA1b8AD328d5254BeF774Be91B90FaA09` | [Link](https://explorer.mainnet.aurora.dev/address/0x48887cEEA1b8AD328d5254BeF774Be91B90FaA09/transactions) | - +| Pool | TRI Allocation (%) | LP Address | Explorer Link | +| ----------- | ------------------ | -------------------------------------------- | ----------------------------------------------------------------------------------------------------------- | +| wNEAR-TRI | 22 | `0x84b123875F0F36B966d0B6Ca14b31121bd9676AD` | [Link](https://explorer.mainnet.aurora.dev/address/0x84b123875F0F36B966d0B6Ca14b31121bd9676AD/transactions) | +| TRI-USDT | 10 | `0x61C9E05d1Cdb1b70856c7a2c53fA9c220830633c` | [Link](https://explorer.mainnet.aurora.dev/address/0x61C9E05d1Cdb1b70856c7a2c53fA9c220830633c/transactions) | +| wNEAR-ETH | 11 | `0x63da4DB6Ef4e7C62168aB03982399F9588fCd198` | [Link](https://explorer.mainnet.aurora.dev/address/0x63da4DB6Ef4e7C62168aB03982399F9588fCd198/transactions) | +| wNEAR-USDC | 11 | `0x20F8AeFB5697B77E0BB835A8518BE70775cdA1b0` | [Link](https://explorer.mainnet.aurora.dev/address/0x20F8AeFB5697B77E0BB835A8518BE70775cdA1b0/transactions) | +| wNEAR-USDT | 11 | `0x03B666f3488a7992b2385B12dF7f35156d7b29cD` | [Link](https://explorer.mainnet.aurora.dev/address/0x03B666f3488a7992b2385B12dF7f35156d7b29cD/transactions) | +| USDC-USDT | 10 | `0x2fe064B6c7D274082aa5d2624709bC9AE7D16C77` | [Link](https://explorer.mainnet.aurora.dev/address/0x2fe064B6c7D274082aa5d2624709bC9AE7D16C77/transactions) | +| wNEAR-WBTC | 11 | `0xbc8A244e8fb683ec1Fd6f88F3cc6E565082174Eb` | [Link](https://explorer.mainnet.aurora.dev/address/0xbc8A244e8fb683ec1Fd6f88F3cc6E565082174Eb/transaction) | +| AURORA-ETH | 1 | `0x5eeC60F348cB1D661E4A5122CF4638c7DB7A886e` | [Link](https://explorer.mainnet.aurora.dev/address/0x5eeC60F348cB1D661E4A5122CF4638c7DB7A886e/transactions) | +| TRI-AURORA | 7 | `0xd1654a7713617d41A8C9530Fb9B948d00e162194` | [Link](https://explorer.mainnet.aurora.dev/address/0xd1654a7713617d41A8C9530Fb9B948d00e162194/transactions) | +| wNEAR-LUNA | 1 | `0xdF8CbF89ad9b7dAFdd3e37acEc539eEcC8c47914` | [Link](https://explorer.mainnet.aurora.dev/address/0xdF8CbF89ad9b7dAFdd3e37acEc539eEcC8c47914/transactions) | +| wNEAR-UST | 1 | `0xa9eded3E339b9cd92bB6DEF5c5379d678131fF90` | [Link](https://explorer.mainnet.aurora.dev/address/0xa9eded3E339b9cd92bB6DEF5c5379d678131fF90/transactions) | +| wNEAR-AVAX | 1 | `0x6443532841a5279cb04420E61Cf855cBEb70dc8C` | [Link](https://explorer.mainnet.aurora.dev/address/0x6443532841a5279cb04420E61Cf855cBEb70dc8C/transactions) | +| wNEAR-BNB | 1 | `0x7be4a49AA41B34db70e539d4Ae43c7fBDf839DfA` | [Link](https://explorer.mainnet.aurora.dev/address/0x7be4a49AA41B34db70e539d4Ae43c7fBDf839DfA/transactions) | +| wNEAR-MATIC | 1 | `0x3dC236Ea01459F57EFc737A12BA3Bb5F3BFfD071` | [Link](https://explorer.mainnet.aurora.dev/address/0x3dC236Ea01459F57EFc737A12BA3Bb5F3BFfD071/transactions) | +| wNEAR-FLX | 1 | `0x48887cEEA1b8AD328d5254BeF774Be91B90FaA09` | [Link](https://explorer.mainnet.aurora.dev/address/0x48887cEEA1b8AD328d5254BeF774Be91B90FaA09/transactions) | diff --git a/docs/ve-tokenomics.md b/docs/ve-tokenomics.md new file mode 100644 index 0000000..a0c3888 --- /dev/null +++ b/docs/ve-tokenomics.md @@ -0,0 +1,12 @@ +## Vote locking and reward boosting + +> To encourage participation in the DAO and benefit the protocol long term, a voting escrow mechanism will be introduced. + +- Users will be able to lock their TRI or xTRI for different time periods in exchange for vexTRI. + +> (We want to enable locking of xTRI instead of TRI, but are still exploring feasibility and implications) + +- Users with vexTRI will decide which pools get included for liquidity mining, how much rewards to allocate per pool, fee % changes on the platform products and approve project partner proposals. +- This vexTRI will also give the user more weight when collecting certain farming rewards (effectively a boosted farm reward for the vexTRI holder). +- This means that vexTRI holders will naturally gain more yields over time as proportionally more boosted rewards along with underlying fee + staking yield are accrued to them. +- Since vexTRI is locked xTRI (potentially), vexTRI holders will continue to accrue more TRI from single-sided-staking. From c0de89bbf4d3f7fe4307ce8600ead3350ceaef8e Mon Sep 17 00:00:00 2001 From: Eric Juta Date: Tue, 25 Jan 2022 16:46:28 +0000 Subject: [PATCH 2/5] docs(ve-tokenomics.md): add bribes and gauges paragraph --- docs/ve-tokenomics.md | 8 ++++++++ 1 file changed, 8 insertions(+) diff --git a/docs/ve-tokenomics.md b/docs/ve-tokenomics.md index a0c3888..b59b7b4 100644 --- a/docs/ve-tokenomics.md +++ b/docs/ve-tokenomics.md @@ -10,3 +10,11 @@ - This vexTRI will also give the user more weight when collecting certain farming rewards (effectively a boosted farm reward for the vexTRI holder). - This means that vexTRI holders will naturally gain more yields over time as proportionally more boosted rewards along with underlying fee + staking yield are accrued to them. - Since vexTRI is locked xTRI (potentially), vexTRI holders will continue to accrue more TRI from single-sided-staking. + +## Bribes and Gauges + +Gauges are how vexTRI holders can vote and direct stable swap fees to their preferred pools. + +Token bribes essentially incentivise vexTRI holders to vote on specific gauges whilst gaining extra rewards. + +> Bribes can only be in the form of TRI tokens. From 5e6454490c9e3ea6037565bfc70d8181e1d76832 Mon Sep 17 00:00:00 2001 From: Eric Juta Date: Tue, 25 Jan 2022 16:48:24 +0000 Subject: [PATCH 3/5] docs(ve-tokenomics.md): add todo about figma diagram for liquidity flow --- docs/ve-tokenomics.md | 4 ++++ 1 file changed, 4 insertions(+) diff --git a/docs/ve-tokenomics.md b/docs/ve-tokenomics.md index b59b7b4..6fd66f1 100644 --- a/docs/ve-tokenomics.md +++ b/docs/ve-tokenomics.md @@ -18,3 +18,7 @@ Gauges are how vexTRI holders can vote and direct stable swap fees to their pref Token bribes essentially incentivise vexTRI holders to vote on specific gauges whilst gaining extra rewards. > Bribes can only be in the form of TRI tokens. + +## Liquidity Flow + +[//TODO: Figma explorable diagram goes here]() From cb917cb27f23cc77b826de2ce458f481530cf5d5 Mon Sep 17 00:00:00 2001 From: Eric Juta Date: Wed, 26 Jan 2022 23:34:50 +0000 Subject: [PATCH 4/5] docs(ve-tokenomics.md): add figma diagram link --- docs/ve-tokenomics.md | 2 +- 1 file changed, 1 insertion(+), 1 deletion(-) diff --git a/docs/ve-tokenomics.md b/docs/ve-tokenomics.md index 6fd66f1..884ebb1 100644 --- a/docs/ve-tokenomics.md +++ b/docs/ve-tokenomics.md @@ -21,4 +21,4 @@ Token bribes essentially incentivise vexTRI holders to vote on specific gauges w ## Liquidity Flow -[//TODO: Figma explorable diagram goes here]() +[Explore in Figma!](https://www.figma.com/file/j3LDJ1EolqL9uDzbLM1L7e/vexTRI?node-id=0%3A1) From ca3c143766de203f4aa89e0f25fc71eba21b7186 Mon Sep 17 00:00:00 2001 From: Eric Juta Date: Thu, 27 Jan 2022 00:48:08 +0000 Subject: [PATCH 5/5] specialist prune word suggestion Co-authored-by: specialist0x <94581898+specialist0x@users.noreply.github.com> --- docs/ve-tokenomics.md | 2 +- 1 file changed, 1 insertion(+), 1 deletion(-) diff --git a/docs/ve-tokenomics.md b/docs/ve-tokenomics.md index 884ebb1..8f30b1f 100644 --- a/docs/ve-tokenomics.md +++ b/docs/ve-tokenomics.md @@ -15,7 +15,7 @@ Gauges are how vexTRI holders can vote and direct stable swap fees to their preferred pools. -Token bribes essentially incentivise vexTRI holders to vote on specific gauges whilst gaining extra rewards. +Token bribes incentivize vexTRI holders to vote on specific gauges whilst gaining extra rewards. > Bribes can only be in the form of TRI tokens.