Liquidity Mining
Brief Introduction to the Mining Model of Hakka Finance
Fully decentralized token distribution is the key of protocol governance. To fairly spread token to Hakka Finance’s stakeholders, we formulate an elaborate liquidity mining program, which we will introduce below.
Mining Model
As we announced in the Transparency Report, 40% of HAKKA (~858,993,458) will be distributed to the users via liquidity mining and incentive programs in the next 4 years, which is a relatively long period. And it shows that Hakka Finance’s ambition and determination to succeed in building a long-term reliable DeFi ecosystem.
To reward our early supporters and initiate liquidity of HAKKA, we plan to provide more tokens in the early phase. Refer to many quotable governance mechanism, we present a linearly descending model: the mining amounts of HAKKA will decrease week by week during the 4 years, forming a 40% model in the first year and decreasing 10% each year.
Thereby, precise HAKKA mined in each week is as below:
Visualization
Mining Rate is Adjustable by the HAKKA Governance
In the model, all 858,993,458 HAKKA will be mined after 210 weeks. However, the above schedule is only an upper bound, which means it is adjustable. For example, if there will be a product launched next week, it’s possible to retain the amount this week for the upcoming event.
So far, we introduced the brief picture of Hakka Finance liquidity mining model; more details will be implemented in near future.
