Tokenomics & Emissions

Initial Distribution

Below is the initial distribution of the launched supply of PHAR

Emissions Schedule

The liquid PHAR emissions according to the protocol's tokenomics

Emissions are directed to LP gauges Full decentralization of the emission distribution is ensured by users voting for their desired allocations. There is a standard 1% exponential decay week over week, reducing emissions in perpetuity.

A graph can be seen below to show an unadjusted projection of the emissions after 120 epochs:

Emission Formula

The formula to calculate an Epoch's emissions is

Alternatively, a user can calculate the emissions for an epoch based on the previous, as such