Emissions Schedule

V2 Emissions Specifications

As part of the V2 upgrade (read full details here), the emissions schedule of CHR was revised, with an increased weekly decay increasing from the original 1% to the new 2%.

The V2 emissions schedule results in a change in the theoretical max supply from 275M to 180M under V2.

Alongside accelerating emissions decay, we’re increasing the weekly treasury allocation from 2.5% to 5%. This change is a crucial step for maintaining the optimal functioning of our platform.

This change has been live since Epoch 6.

• Weekly emissions at inception: 2,600,000 $CHR

• Weekly emissions decay: 2%

• Weekly treasury wallet allocation: 5%

New V2 Emissions Schedule

Comparison:

Comparison of V1 and V2 CHR supply and emissions schedule.

V1 Emissions Specifications (OLD)

• Weekly emissions at inception: 2,600,000 $CHR

• Weekly emissions decay: 1%

• Weekly treasury wallet allocation: 2.5%

Old V1 Emissions Schedule

Rebases

There are no rebases for users' veCHR positions.

By modeling out the various rebase mechanisms and conducting in-depth research into the pros and cons of each, we’ve come to the conclusion that the zero-rebase model is the most effective for the long-term health and sustainability of the project — it provides the best economic incentives for all participants, makes it more attractive to new protocols that seek to become involved in the Chronos ecosystem post-launch, and reduces the advantages for early adopters so that the system doesn’t become imbalanced over time.

We believe that the zero-rebase model is the fairest way to implement the ve(3,3) mechanic, and helps reinforce our commitment to making Chronos a true “public good” for all participants in the Arbitrum ecosystem.