PGOV
What is PGOV?
PGOV is the governance tokens for Polygon chain.
Staking Fees
PGOV Fees and Token Details:
- Maximum PGOV minting amount will be 250m tokens.
- PGOV stakers earn MATIC.
- 15% of platform fees are sold for PGOV and burned and the max supply is reduced by the total burned. The remaining 50% will be sold for MATIC and distributed to PGOV farmers/stakers
- Every time a user withdraw/deposit/compounds to a PGOV pool, we send them rewards for this round (once per round). Even if the user missed few rounds, next time the user will receive everything.
PGOV Vesting
- PGOV is locked and vests linearly over the course of six months.
- PGOV is only locked when received as a reward from the pools.
- As you earn more PGOV from the pools, then the vesting period will recalculate.
- When you earn more PGOV through the pool and it's more than what is locked, then we recalculate the start time to now, and it will be six months to unlock.
Example
Below is an exxample of how PGOV vesting works:
- 1.I have 100 PGOV locked today. Over the course of 6 months, they will linearly unlock. After six months, I will be able to claim the entire amount.
- 2.One week later, around 10 PGOV will be unlocked, and 90 PGOV will still be locked. If I add 100 more locked PGOV, now the new total locked PGOV is 190. The 190 PGOV now will unlock over the course of 6 months. The reason for this is because i added 100 PGOV (more than the 90 PGOV that was remaining to be unlocked). Therefore the new vesting time is 6 months. If would have added fewer than 90 PGOV, then the new unlock time would be less than 6 months.
Last modified 9mo ago
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