⛏️NOAH Governance Q&A

Token:

1. How are the incentives of the team and VC released?

Team & Advisor Incentives/VC Investments each count for 7.5% of NOAH issuance, this includes 225,000 NOAH + 1,350,000 esNOAH. Counting from the first epoch, it is unlocked every 12 weeks, with a total of 9 unlocks, each releasing 25,000 NOAH + 150,000 esNOAH (first unlocked occurs in the 12th epoch).

2. Can the maximum circulation of esNOAH and NOAH be tampered with?

The total amount of NOAH is 21,000,000, and the total amount of esNOAH is 19,500,000 (of which 1,500,000 NOAH includes 1,050,000 NOAH for market operations + 450,000 NOAH for team/VC released by 9 times). According to NOAH tokenomics model, the higher staking rate is, the more esNOAH will be burned, and esNOAH supply will decrease.

The token upper limit cannot be tampered with, and users can query it through contract methods, and can also view it in NOAH open source code.

3. What are the release rules of esNOAH?

The initial release amount of esNOAH is 150,000 (approximately 0.71% of the total supply), and will decay at a rate of 0.6% per epoch until the release is complete. This parameter cannot be changed.

Farm:

1. How to participate in NOAH mining and get rewards?

By staking the corresponding LP certificate, you can participate in mining and obtain liquidity mining rewards, namely esNOAH.

2. I only stake the LP certificate and do not participate in the NOAH token staking. Is it okay?

It is fine, but the yield will no be high. Participating in NOAH staking can increase mining yield by up to 2 times, and the mining reward obtained is esNOAH. You need to stake NOAH tokens to obtain the unlocked amount.

3. What is the use of the obtained esNOAH?

You can unlock and obtain NOAH tokens in a 1:1 amount.

4.Why did I pledge LP certificates and NOAH, but there was no liquidity bonus?

If you mortgage the LP certificate first and then pledge NOAH tokens, you need to mortgage LP again to trigger the bonus. Just increase or decrease a small amount of LP. It is recommended that users first mortgage NOAH tokens to obtain bonuses, and then mortgage LP certificates.

In this part, after taking into account various factors, the user needs to change the cost, that is, increase the NOAH mortgage, and then operate the mortgage LP to trigger the bonus update, receive the reward, and increase or decrease a small amount of LP.

Staking:

1. What is the use of staking NOAH tokens?

Staking NOAH tokens can obtain veNOAH. veNOAH is the equity coefficient, which can increase mining yield by up to 2 times (your veNOAH equity coefficient will be displayed in the page). In the voting, the veNOAH token counts as votes which can determine the proportion of mining rewards released in each era.

2. How do I check my staking rewards?

You can check the staking rewards in the sidebar - Rewards. Since no mining rewards will be released in the first era, you can see the estimated rewards after the start of the second era.

After the staking rewards are settled uniformly at the end of each epoch, users can claim them.

3. What is the release coefficient? What is the staking reward coefficient? How are these two values determined?

Release coefficient: determines the amount of esNOAH released and destroyed in each epoch.

Staking reward coefficient: determines how much of mining reward released in each epoch is allocated to staking reward, and the rest goes to liquidity mining reward.

According to data calculations, the current release coefficient is initially set at 1, and the staking reward system is initially set at 100. The calculation data are as follows. The number of NOAH staking in the figure has been uniformly converted into the number of NOAH staking based on three-year long staking.

Due to the low proportion of early staking and the instability of the pot, the project team will adjust the parameters based on actual operating conditions. After the proportion of staking reaches approximately 30%, it will be planned to open these two coefficients to voting and be completely governed by community voting.

4. The impact of NOAH staking ratio on other data (for reference only, subject to actual data)

The number of rewards in each epoch will be divided into rewards for staking NOAH tokens and rewards for staking LP certificates, that is, liquidity rewards. The formula is as shown in the figure. Both are affected by the staking ratio, release coefficient, and staking reward coefficient.

It can be concluded from the figure that when the proportion of staking becomes higher and higher, the number of staking rewards per epoch will increase, the number of mining per epoch will decrease, and the amount burned per epoch will also become larger and larger. Therefore the actual amount released per epoch will be reduced.

5. What impact will NOAH staking rate bring? What are Release Factor and Rewards Factor?

In Noah tokenomics model, the staking rate determines the amount of staking rewards (Details>), where the staking rate = veNOAH circulation / NOAH circulation, more stakes and longer staking period can increase the staking rate.

Release Factor is the balance coefficient between reward release and burning, and Reward Factor is the balance coefficient between staking reward and liquidity reward. In the early stage, this parameter will be adjusted by the team. After the project is running stably, it will be will be adjusted through public voting.

6.How to increase pledge? And how to calculate the pledge expiration time?

(1)To increase the staking, you can choose to increase the quantity or extend the staking time.

For example: stake 100NOAH for the first time, and choose two weeks as the expiration time. If you want to increase your staking at this time,

Option 1: You can choose to only increase the quantity without selecting a time, and click OK. Your staking details are: 200NOAH, and the expiration time is 2 weeks.

Option 2: Do not increase the quantity, just select the time to be extended, such as 3 years, and click OK. Your staking details are 100NOAH and the expiration time is 3 years.

Since the maximum expiration time of the staking is 3 years, when the user selects an expiration time of 3 years for staking in a certain era, if he wants to increase his staking in that epoch, he can only choose to increase the amount and cannot extend the expiration time until next epoch.

(2) There will only be one staking record for the same account, for example:

User A staked 100 NOAH and chose the expiration time as 2 weeks, then 100 NOAH will be unlocked at once after two weeks.

User B staked 100 NOAH and chose an expiration time of two weeks. He staked an additional 100NOAH one week before the expiration time and kept the expiration time unchanged. Then 200 NOAH will be unlocked at once one week later.

User C staked 100 NOAH and chose an expiration time of 2 weeks. Before the expiration of the 100 NOAH, he staked an additional 100 NOAH and extended the expiration time to 3 years. Then, 200 NOAH will be unlocked at once after 3 years.

Note: After expiration, any NOAH that is not withdrawn will also receive staking rewards. Please withdraw your NOAH tokens promptly within one week after the stake expires. The stake rewards generated during this week will still belong to you. One week after expiration, other users can help you retrieve the expired NOAH tokens to your account through contract operations, and depending on the length of the extension, they will receive part of your staked NOAH tokens as a reward for helping you retrieve them.

Voting Incentive

1. What benefits can be gained from voting?

Voting can get a share of the corresponding pool handling fees and incentive rewards. It can also be viewed in the sidebar - Rewards after the start of the Second Era.

*0.08% of the liquidity pool trading volume will be the handling fee allocation amount. Liquidity pool handling fees are only allocated to voting users of the pool. The allocated amount is proportional to their voting share in the pool and can be claimed in the next epoch.

Note: After staking, you can get the voting rewards of the current epoch, but you cannot get the voting rewards in the epoch when the staking expires, because when calculating the voting rewards in each epoch, the number of expired votes will be deducted before the rewards are distributed.

2. Why should I vote? Which pool should I vote for?

Because the number of votes can determine the proportion of mining rewards released in the next epoch, NOAH project is governed by the community, we hope that everyone who holds NOAH tokens can participate in the development of the project, thereby having a positive impact on the EOS EVM ecosystem.

Regarding pool selection:

(1) Vote for pools with high trade fees and earn a higher share of the fees;

(2) Vote for pools with your own LP certificates staked, so that the pool in the next epoch can get more mining release shares;

(3) Vote for pools with incentive rewards and earn additional incentive rewards.

3. What is incentive?

Bribery is a form of promoting individual developers/third-party projects to work closely with Noah. Any individual or project can bribe a certain liquidity pool.

Users who hold veNOAH (stake NOAH to obtain veNOAH) can vote for the liquidity pool once in each epoch, and the liquidity pool will obtain the liquidity mining allocation for the next epoch based on the proportion of votes. When a certain liquidity pool receives a bribe reward, it will attract more votes, thereby achieving more liquidity incentive distribution in the next epoch.

Due to security restrictions, the tokens required for bribery need to be reviewed, and only tokens in the list can be used for incentive.