DCS
DCS token and its tokenomics.
DCS is the governance token of the DeCus system.
The total supply of DCS tokens is 1 billion, and the overall token allocation is illustrated in the following picture.
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There are two main roles in the DeCus system, Keeper and User, and both can earn DCS tokens.
As a Keeper, you need to run a Keeper Node, deposit collaterals, and undertake the custody task(i.e sign transactions). Then you can get DCS tokens as rewards.
Users refer to those who deposit their native bitcoins to the DeCus system and get BTC-pegged tokens(SATS) back, and those who use the BTC-pegged tokens(SATS) built by the DeCus system.
Users can harvest DCS tokens by minting SATS, or staking LP tokens. Currently, our platform only supports WBTC-SATS LP tokens from PancakeSwap and DODO DEX.
Currently, the participant incentives are planned to vest throughout a 6-year time period with a yearly decay coefficient of 0.666.
Out of the 1 billion total supply of DCS, 45% will be used to incentivize protocol participants, which includes User incentive (30%) and Keeper incentive (15%).
The incentive for Users will be released directly over that period. The incentive for the Keepers will be awarded gradually during the first 66 months, and when awarded 50% will remain locked for 6 more months, and then released in 6 monthly installments. Detail distribution programs will be adjusted every two weeks to stabilize APR under the overall framework.
The detailed distribution schedules are as below:
- DCS Supply for Participant Incentive
- Accumulative Released DCS for Participant Incentive
- Accumulative Released DCS for Participant Incentive
Last modified 1yr ago