Tokenomics

Covering all tokenomics, featuring initial distribution, emissions schedule, rebases, etc...

Launch & Initial Distribution

SONUS	Tokens	Percentage
Voters Incentives	40M	8%
Liquidity Pool	10M	2%

veSONUS	Tokens	Percentage
Airdrop (requirements TBA)	200M	40%
Ecosystem Pools and Public Goods Funding	105M	21%
Sonus Exchange Team (Auto Max-Locked)	70M	14%
Protocol Grants	50M	10%
SONUS Pools Votepower	25M	5%

Emission Schedule

Sonus works on an epoch based system, meaning each epoch the emissions suffer adjustment to suit growth and stabilization periods.

• For the first 14 epochs the emissions of $SONUS tokens follow the formula (increasing 3% per week):

$$Emissions(epoch(N)) = Emissions(N−1) ∗ 1.03$$

After the first 14 epochs and until epoch 104 the emissions of $SONUS tokens follow the formula (decreasing 1% per week):

$$Emissions(epoch(N)) = Emissions(N−1) ∗ 0.99$$

After 104 epochs the emissions of $SONUS tokens follow the formula (decrease 0.1% per week):

$$Emissions(epoch(N)) = Emissions(N−1) ∗ 0.999$$

Rebase

$veSONUS holders receive a rebase proportional to $SONUSemissions and to the ratio of $veSONUS to $SONUSsupply, reducing vote power dilution for $veSONUS!

The weekly rebase amount is calculated with the following formula:

$$rebase = weeklyEmissions × (1 - veSONUS.totalSupply ÷ SONUS.totalsupply)ˆ2 × 0.5$$

This rebase formula will reward $veSONUS holders most when locking rates decrease, incentivizing new lockers to step in. $veSONUS supply does not affect weekly emissions distributed to liquidity providers.

Emission Rewards

Each epoch, $SONUS emissions are distributed to liquidity pools proportionally to the $veSONUS voting power the pools receive.

Liquidity providers (LPs) can stake their LP positions to receive a share of the $SONUS distributed to each pool proportionally to the size of positions and time staked.

These rewards are distributed during the whole epoch and available for claiming as these accrue.

Team Emissions

While a fully autonomous and immutable protocol is an admirable objective, it comes at a cost. Sonus will ensure its long-term sustainability by employing a dedicated team focused on supporting the product decentralization, documentation, community, and ecosystem.

To cover ongoing expenses and all the upcoming development efforts, 5% of the emissions will be going to the team address.