# veRZR

## Acquiring veRZR

veRZR can be obtained for free by locking [$RZR](https://docs.raiserdapp.com/introduction-to-raiser#what-is-the-usdrzr-token) for varying periods of time.

The distribution of veRZR to $RZR lockers is given as

$$
veRZR = n \* T^{2}
$$

{% hint style="info" %}
$$veRZR =$$  the number of governance tokens received\
$$n=$$ the number of $$RZR$$ locked

$$T=$$ the time in years for which $$RZR$$ was locked $$(T ~~cannot~~ exceed \~5)$$
{% endhint %}

## 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:<br>

$$
share(percent) = Epoch \~Revenue ~~\*~~(t*amt)*i/\sum*{i=1}^{n}(t*amt)\_i
$$

## Governance Epochs Example

<figure><img src="https://1490718605-files.gitbook.io/~/files/v0/b/gitbook-x-prod.appspot.com/o/spaces%2FF6F9jLiZYdurEyeugRvd%2Fuploads%2F7TimgYgIkS9P6uFnH9wy%2Fimage.png?alt=media&#x26;token=c36a10c2-f0f3-4f7e-a7f8-01e9550fff38" alt=""><figcaption></figcaption></figure>

At $$T=90$$, non-RZR revenue for $$Epoch \~1$$ will be claimable by all stakers of veRZR of $$Epoch \~1$$. Between $$T=90$$ and $$T=91$$, the "Grace Period", any stakers of veRZR will have the ability to unstake.&#x20;

At $$T=180$$ and $$T =271$$& $$T=181$$ and $$T =272$$ 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 $$T=182$$ and $$T =273$$ respectively. The veRZR will also be staked in the next epoch.&#x20;

If the election is NOT made to be a governor, between $$T =181$$ & $$T=182$$ and $$T=272$$ & $$T=273$$, during "Grace Periods", veRZR may be unstaked.&#x20;

{% hint style="warning" %}
If veRZR that is eligible for unstaking during a "Grace Period" is not unstaked, it will automatically be staked into the next Epoch.
{% endhint %}