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Supply

WARD supply details

PropertyDetails
TokenWARD
Initial Total Supply250,000,000 WARD
Decimals6

WARD emissions

An emission of WARD tokens is a programmatic emission based on the proportion of WARD tokens staked relative to the total supply. This will operate based on preset parameters:

ParameterValue
Initial Issuance8%
Maximum Annual Issuance10%
Minimum Annual Issuance1%
Target WARD staked65%
Inflation Rate of Change100%

Issuance rate

As above, the Warden Protocol adjusts the WARD issuance rate based on the actual staking ratio relative to the target:

  • Below target staking: If the percentage of staked WARD is less than the target of 65%, the issuance rate will incrementally increase. This adjustment continues until it reaches the maximum rate of 10% or until the staking target is met.

  • At target staking: When the staking ratio aligns with the 65% target, the current issuance rate remains unchanged.

  • Above target staking: If the percentage of staked WARD is greater than the target of 65%, the issuance rate will incrementally decrease. This adjustment continues until it reaches the minimum rate of 1% or until the staking target is met.

Rate of change

The rate of change is the rate at which the WARD issuance adapts over the year is quantified by the following formula:

  • [1 - (current staked ratio/staking target)] x Inflation rate of change

Burns

WARD tokens are burned programmatically from a 3% community tax taken from protocol fees to reduce supply along the growth of the protocol.