Token Economics

Wagminomics

Total Token Supply

The total supply of Wagmi tokens is infinite, with an initial minting aimed at facilitating a 1:69 ratio migration for ICE token holders to WAGMI; post-migration, additional tokens are minted to acquire POL, incentivize leverage trading and GMI positions, as well as to build a strategy insurance fund.

Distribution of newly minted WAGMI:

1. Protocol Growth and Development (80%)

• This portion (representing 80% of all new WAGMI tokens) is allocated to ensure protocol growth and development.

• The uses include, but are not limited to:

  • Acquiring POL

  • Incentivizing leverage trading

  • Incentivizing GMI positions

  • Building a strategy insurance fund.

2. Operational Multisig (20%)

• 20% of the newly minted WAGMI tokens are dispatched to an operational multisig.

• This fund controls the tokens to ensure the smooth running of protocol operations. The uses include, but are not limited to:

  • Salaries

  • Legal fund

  • Treasury building

  • Grants

  • Financing audits

Control of POL

POL will be managed via the main multisig on each chain. Any transactions on this multisig can only commence after a snapshot vote, accompanied by a detailed description outlining the purpose and reasoning behind the intended action.

Inflation and Rewards

• The inflation rate isn’t fixed. The protocol’s objective is to attain deflation as swiftly as possible.

• Rewards are designed to offer a competitive APR for user liquidity.

• These parameters are determined by various factors, including:

  • Target liquidity depth

  • Utilization rate

  • APR

  • Marketing requirements