Emissions and Protection
SNAP emissions are designed to reward participation early, build liquidity depth, and align long-term incentives, while limiting dilution for lockers.
Emissions
Begin high and decrease each week on a fixed curve.
A small share funds development and protocol operations.
The share directed to liquidity pools increases during the first year to strengthen depth and trading efficiency.
Rebase protection
A cap prevents excessive dilution for veSNAP holders.
This cap decays weekly on a set schedule until it reaches zero after roughly one year.
The system keeps rewards attractive during the growth phase while gradually stabilizing emissions over time.
Last updated