Token Incentive Programs

Overview of SHERP token distribution and rewards

Note:

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

Liquidity Provision

  • SHERP/WMONAD or SHERP/USDT 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

Mony Badger NFT Benefits

  • Position APY boost: 0% to 5% APY
  • Varies by stake and position size

NFT Staking

  • 25% of protocol incentives (750M $SHERP)
  • Dedicated NFT staking pool
  • Linear 9-month distribution
  • Exempt from dynamic emissions

Referral Network

  • .1% of referral recipient's deposits
  • Paid to referrer in $SHERP