# Token Incentive Programs

The Sherpa protocol distributes `SHERP` rewards within variable ranges laid out below for each respective activity within the protocol. The criteria laid out in Dynamic Emissions determines the rate of distribution within these ranges for each epoch:

### Staking SHERP via mSHERP <a href="#staking-sherp-via-msherp" id="staking-sherp-via-msherp"></a>

* 5 - 100% APY on total `mSHERP` amount
* Reward proportion based on stake size vs total pool
* 50% of protocol incentives (1.5B `SHERP`)
* 18-month distribution period
* `SHERP` removed from LP and given to users upon claim

### Active Position Holding <a href="#active-position-holding" id="active-position-holding"></a>

* .2 - 2% APY on entire active Position (USDC value)
* 15% of total protocol incentives (450M `SHERP`)

### Liquidity Provision <a href="#liquidity-provision" id="liquidity-provision"></a>

* `SHERP/WMONAD` or `SHERP/USDC` pairs
* 5 - 200% APY
* Decays over time and based on pool size

### Strategy Usage <a href="#strategy-usage" id="strategy-usage"></a>

* 0% to 10% APY
* Varies based on yield channeling voting and dynamic emissions


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