Dynamic Emissions

The amount of SHERP / mSHERP emitted for stakers and protocol users' rewards is determined by a responsive mechanism. This incorporates a programmatic formula which takes protocol fees, volume, and general market sentiment into account to determine an optimal yield rate for the given epoch. In doing so protocol sustainability and SHERP health is preserved.

Epoch Structure

Epochs occur in weekly intervals. They begin at Monday 00:00:00 UTC and conclude at Sunday 23:59:59UTC. These epoch are concurrent with those used for Yield Channeling.

Position Rewards

There is a secondary dynamic emission mechanic that additionally applies to active Positions rewards. This is determined by Yield Channeling.