⚡Incentives

PEN holders and PENLP stakers can earn protocol income and PEN rewards.

Protocol Income Allocation

The protocol income collected from trading fees will be allocated as follows:

Total Protocol Income × 70% × POR: Allocate for vePEN holders (in BNB)

• POR is the rate of Protocol Owned Liquidity

Total Protocol Income × 70% × (1 - POR): Allocate for PENLP stakers (in BNB)

Total Protocol Income × 30%: Purchase PENLP and add as protocol-owned liquidity

PEN Rewards Allocation

1,000 PEN will be distributed to vePEN holders and PENLP stakers daily, allocated as follows:

1000 × (1-veRate) × (1-POR): Allocate for PENLP stakers

• veRate is the MCB and PEN staking ratio

• veRate = vePEN Total Supply / (MCB Circulating Supply + PEN Circulating Supply)

The rest will be allocated for vePEN holders

Income & Rewards Distribution Time

Weekly rewards (BNB and PEN) for vePEN are distributed at the end of every epoch. Therefore, you can see and claim all rewards from the previous epoch on Thursdays UTC.

BNB rewards for PENLP staking are gradually distributed after your first epoch. PEN rewards for PENLP staking are gradually distributed after you start staking.

Epochs start and end weekly on Thursdays UTC.