Uniwhale Exchange
  • 🐳Introduction
  • Our Vision
  • Unique Oracle Design
  • Trading
  • Liquidity Pool
  • Security
    • Early Warning and TimeLock
  • Upgrade Tokenomics V2.0
    • Replace esUNW with UNW as the primary emission token
    • Migration of esUNW to “esUNW-v2”
    • Introduction of “Fee Vault”
    • Introduction of “Hyper Event with Ladder”
    • Summary
  • Classic Tokenomics V1.0
    • ULP - The Liquidity Pool Token
    • UNW - The Utility Token
    • esUNW - The Governance Token
    • Revenue Distribution and Emission
    • Token Distribution
    • Comparison of UNW and esUNW
  • Uniwhale Genesis Pass
  • Roadmap
  • Social Media
  • Terms and Condition
  • 🎮Developers
    • Smart Contracts
  • Deprecated
    • Testnet Trading Competition
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  • esUNW migration
  • esUNW-v2 emission
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  1. Upgrade Tokenomics V2.0

Migration of esUNW to “esUNW-v2”

esUNW should continue as the governance token of Uniwhale, whose holders are rewarded based on their long-term commitment to the protocol.

To serve its narrower but better defined purpose, the Proposal calls for esUNW to stop being the emission token, and be more exclusive.

Specifically, the Proposal calls for esUNW to be upgraded to esUNW-v2 with the following feature:

  • Max Supply: 2,000

  • Initial Supply: Up to 140 (see “esUNW migration”)

  • Emission: 416 per year across staking and auction (see “esUNW-v2 emission”)

  • Non-transferable

  • Redeemable at the intrinsic value of Fee Vault

esUNW migration

The Proposal calls that the esUNW holders migrate to esUNW-v2 with a few options to those holders who do not wish to migrate.

Each 50,000 esUNW will be equal to 1 esUNW-v2, considering the maximum supply of 2,000. Given the current circulating supply of c. 7m esUNW, this means the initial supply of esUNW-v2 can be as many as 140, if all esUNW holders choose to migrate.

After the migration, esUNW will receive neither Fee Distribution nor Emission. esUNW that is not migrated may be :

  • vested to UNW (linearly over 6 months),

  • if converted from UNW, be converted to UNW immediately 1:1, or

  • if otherwise, be converted to UNW by burning 50%

esUNW-v2 emission

  • 1 esUNW-v2 per day is allocated to UNW staking.

  • 1 esUNW-v2 will be auctioned on a weekly basis, where, for an allocation of esUNW-v2, UNW holders burn UNW.

  • Therefore, 8 esUNW-v2 will be emitted every week, annualizing to 416 esUNW-v2.

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Last updated 1 year ago