RaiseR
  • Introduction to RaiseR
  • How does RaiseR work?
    • Borrowers
    • Lenders
    • Traders
  • Governance
    • veRZR
  • Fees
  • Tokenomics
  • RoadMap
  • Media Kit
  • RZR Token Sale
    • RZR Token Pool Launch
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On this page
  • Acquiring veRZR
  • Revenue Distribution
  • Pro-Rata Epoch Revenue calculations
  • Governance Epochs Example
  1. Governance

veRZR

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Last updated 1 year ago

Acquiring veRZR

veRZR can be obtained for free by locking for varying periods of time.

The distribution of veRZR to $RZR lockers is given as

veRZR=n∗T2veRZR = n * T^{2}veRZR=n∗T2

veRZR=veRZR =veRZR= the number of governance tokens received n=n=n= the number of RZRRZRRZR locked

T=T=T= the time in years for which RZRRZRRZR was locked (T cannot exceed 5)(T ~cannot~ exceed ~5)(T cannot exceed 5)

Revenue Distribution

All revenue on RaiseR (except for fees paid in RZR - those are burned), will be distributed to staked veRZR addresses in 90-day epochs.

  • 75% of this revenue will be distributed on a pro-rata basis to all veRZR stakers in each revenue. This will be known as the Epoch Revenue.

  • 25% of this revenue will be reserved for the 3 permanent governors.

Pro-Rata Epoch Revenue calculations

Each stake % revenue share is given as follows:

Governance Epochs Example

If veRZR that is eligible for unstaking during a "Grace Period" is not unstaked, it will automatically be staked into the next Epoch.

share(percent)=Epoch Revenue ∗ (t∗amt)i/∑i=1n(t∗amt)i share(percent) = Epoch ~Revenue ~*~(t*amt)_i/\sum_{i=1}^{n}(t*amt)_ishare(percent)=Epoch Revenue ∗ (t∗amt)i​/i=1∑n​(t∗amt)i​

At T=90T=90T=90, non-RZR revenue for Epoch 1Epoch ~1Epoch 1 will be claimable by all stakers of veRZR of Epoch 1Epoch ~1Epoch 1. Between T=90T=90T=90 and T=91T=91T=91, the "Grace Period", any stakers of veRZR will have the ability to unstake.

At T=180T=180T=180 and T=271T =271T=271& T=181T=181T=181 and T=272T =272T=272 respectively, the 8 addre​sses with the greatest veRZR staked for that Epoch will have the option to elect to become a governor for the next Epoch. If the election is made, they will become from T=182T=182T=182 and T=273T =273T=273 respectively. The veRZR will also be staked in the next epoch.

If the election is NOT made to be a governor, between T=181T =181T=181 & T=182T=182T=182 and T=272T=272T=272 & T=273T=273T=273, during "Grace Periods", veRZR may be unstaked.

$RZR