Token Incentive Programs

SHERP token distribution and rewards overview

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

  • 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

  • .2 - 2% APY on entire active Position (USDC value)

  • 15% of total protocol incentives (450M SHERP)

Liquidity Provision

  • SHERP/WMONAD or SHERP/USDC pairs

  • 5 - 200% APY

  • Decays over time and based on pool size

Strategy Usage

  • 0% to 10% APY

  • Varies based on yield channeling voting and dynamic emissions

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