As part of the V2 upgrade (read full details here), the emissions schedule of CHR was revised, with an increased weekly decay increasing from the original 1% to the new 2%.
The V2 emissions schedule results in a change in the theoretical max supply from 275M to 180M under V2.
Alongside accelerating emissions decay, we’re increasing the weekly treasury allocation from 2.5% to 5%. This change is a crucial step for maintaining the optimal functioning of our platform.
This change has been live since Epoch 6.
Weekly emissions at inception: 2,600,000 $CHR
Weekly emissions decay: 2%
Weekly treasury wallet allocation: 5%
New V2 Emissions Schedule
Comparison:
Comparison of V1 and V2 CHR supply and emissions schedule.
V1 Emissions Specifications (OLD)
Weekly emissions at inception: 2,600,000 $CHR
Weekly emissions decay: 1%
Weekly treasury wallet allocation: 2.5%
Old V1 Emissions Schedule
Rebases
There are no rebases for users' veCHR positions.
By modeling out the various rebase mechanisms and conducting in-depth research into the pros and cons of each, we’ve come to the conclusion that the zero-rebase model is the most effective for the long-term health and sustainability of the project — it provides the best economic incentives for all participants, makes it more attractive to new protocols that seek to become involved in the Chronos ecosystem post-launch, and reduces the advantages for early adopters so that the system doesn’t become imbalanced over time.
We believe that the zero-rebase model is the fairest way to implement the ve(3,3) mechanic, and helps reinforce our commitment to making Chronos a true “public good” for all participants in the Arbitrum ecosystem.
