📏RULER Tokenomics

RULER is the valueless governance token that governs the Ruler Protocol

What's RULER for?

RULER is a valueless governance token.

• It is mainly used to govern the future of the protocol

• RULER token holders may receive other product benefits in the future including but not limited to

  • Higher minting ratio

  • Delayed payments

• RULER token holders may benefit from proposals the community passed, for example, fee sharing etc.

RULER Token Distribution

Agreed on by the community per passing of REP11.

250,000 - Liquidity Mining:

• Will last one year (ends in March 2022). This includes both pool 2 and rewards for lending pools. The current rewards emission system will not be changed.

• If there are remaining $RULER, it will be sent to the treasury. Any additional liquidity mining emissions can be at the discretion of governance, deducted from treasury.

500,000 - Treasury:

• Used for all other areas, including but not limited to rewarding contributors, new on-boarded team members, bug bounties, etc.

250,000 - Founding Team and Advisors Salary:

• No changes. All members follow the same vesting schedule of 2 years with 60% vested Year 1 and 40% vested Year 2. This is to create continued incentives for the operations team to lead the project after launch.