Platform Fees
Last updated
Last updated
Platform fee distribution will follow a similar model to GEIST. $POLTER emissions will be used as incentives for contributions to the platform's TVL and utility, and will be distributed as follows:
Depositors
Receive 50% of the interest (shared with stakers) accrued by borrowers.
Receive $POLTER Incentives based on emissions (see Tokenomics) and weightage allocated for each assets.
$POLTER Incentives earned can be claimed and becomes vested, earning staking fees with 3 months lock. Vested amounts can be exited early with a 50% penalty.
Vestings are 3 months in duration and are grouped by week. Tokens vested between Thursday 00:00 UTC and Wednesday 23:59 UTC belong to the same week group, and will be unvested at the same time 3 months later.
Borrowers
Receive $POLTER Incentives based on emissions, utilization rate, and weightage allocated for each assets.
$POLTER Incentives earned can be claimed and becomes vested, earning staking fees with 3 months lock. Vested amounts can be exited early with a 50% penalty.
Vestings are 3 months in duration and are grouped by week. Tokens vested between Thursday 00:00 UTC and Wednesday 23:59 UTC belong to the same week group, and will be unvested at the same time 3 months later.
Stakers
Receive 50% of the interest (shared with depositors) accrued by borrowers.
Staked amount can be fully withdrawn any time.
Lockers
Receive 50% of the penalty charged for early vesting in the form of $POLTER tokens, as well as platform fees as per stakers.
Locks are 3 months in duration and are grouped by week. Tokens locked between Thursday 00:00 UTC and Wednesday 23:59 UTC belong to the same week group, and will unlock at the same time 3 months later.
Locking rewards can be redeemed at any time.
Locking rewards will continue to accrue after the lock expiry until you claim the unlocked $POLTER.
Treasury
The Team Wallet will be used to stake and lock $POLTER tokens for staking rewards to form The Treasury.
The purpose of the Treasury is to safeguard against black swan events (e.g. stable asset depeg). With these reserves, the protocol will be better equipped to mitigate the effects of extreme market conditions.
The Treasury will also be used for other team expenses as needed.
The Treasury will also be excercised to give payouts to The Team as bonuses.
