💴$RISE

$RISE token is the native token of Sunrise network. $RISE token can be used for fees. A part of RISE tx fee will be burnt in the Fee module.

$RISE is preserved as urise in the Sunrise blockchain. 1000000urise on the Sunrise network converts to 1 RISE in the real world.

• Ticker: RISE Denomination on blockchain: urise

$RISE can be minted by burning $vRISE 1 to 1.

vRISE

$vRISE token is a non-transferable token for staking. The staked amount will be calculated as a voting power for the governance.

• Ticker: vRISE

• Denom in the blockchain: uvrise

$vRISE can be staked to the Sunrise network. The staked amount will be calculated as voting power for governance. Furthermore, the rewards for stakers will be distributed in proportion to the staked amount.

To get $vRISE, users need to provide liquidity in Liquidity Pool.

Tokenomics v2

Summary

• [Supply] = [Supply of $RISE] + [Supply of $vRISE]

• Supply cap is 1,000,000,000.

  • It means [Supply of $RISE] + [Supply of $vRISE] <= 1,000,000,000

• Initial Inflation Rate Cap is 10%.

  • Inflation Rate Cap will gradually diminish by 8% per year.

    • For example, Inflation Rate of 2nd year is 9.2%.

• A part of [Supply of $RISE] is burnt when it is used as tx fees.

• Supply will grow with following the Supply Cap and Inflation Rate Cap.

• Observed Inflation Rate is different from Inflation Rate Cap.

• Inflationally minted $vRISE will be distributed among stakers validators and delegators for rewards.

Formal expression

• Year: $t \in \{0,\ 1,\ 2,\ \dots\}$
• Supply of $RISE: $s_t^{\text{RISE}}$
• Supply of $vRISE: $s_t^{\text{vRISE}}$
• Supply: $s_t = s_t^{\text{RISE}} + s_t^{\text{vRISE}}$
• Initial Supply: $s_0 = \text{500,000,000}$
• Initial Inflation Rate Cap: $\bar{\pi}_0 = 0.1 = \text{10\%}$
• Disinflation rate: $\delta = 0.08 = \text{8\%}$
• Supply Cap: $\bar{s} = \text{1,000,000,000}$

  • It must be satisfied: $s_t \le \bar{s}$
• Inflation Rate Cap: $\bar{\pi}_t$
• Tx fee burnt $RISE: $b_t$
• Supply transition: $s_{t+1} = \min\{(1 + \bar{\pi}_t) (s_t - b_t),\ \bar{s}\}$
• Inflation Rate Cap transition: $\bar{\pi}_{t+1} = \max\left\{(1 - \delta) \bar\pi_t,\ \text{0.02} \right\}$

  • It means: $\min_t \bar{\pi}_t = \text{0.02} = \text{2\%}$
• Observed Inflation Rate: $\pi_t = \frac{s_{t+1} - s_t}{s_t}$

Simulation

This simulation assumes that $b_t = 0$

which means that tx fee is not burnt.

• During year 0 to 10, actual Inflation Rate will be lower than this simulation because there must be burnt tx fees.

• Zero Observed Inflation Rate doesn't mean zero rewards for validators and stakers. If $b_t > 0$ , then $b_t$ amount of $vRISE will be minted for rewards
• Inflation Rate Cap is strictly complied, so there is also a possibility of Observed Inflation Rate being negative value.

Year	Inflation Rate Cap	Total Supply	Observed Inflation Rate
0	10.00%	500,000,000	10.00%
1	9.20%	550,000,000	9.20%
2	8.46%	600,600,000	8.46%
3	7.79%	651,434,784	7.79%
4	7.16%	702,161,229	7.16%
5	6.59%	752,463,565	6.59%
6	6.06%	802,057,048	6.06%
7	5.58%	850,690,179	5.58%
8	5.13%	898,145,641	5.13%
9	4.72%	944,240,170	4.72%
10	4.34%	988,823,543	1.13%
11	4.00%	1,000,000,000	0.00%
12	3.68%	1,000,000,000	0.00%
13	3.38%	1,000,000,000	0.00%
14	3.11%	1,000,000,000	0.00%
15	2.86%	1,000,000,000	0.00%
16	2.63%	1,000,000,000	0.00%
17	2.42%	1,000,000,000	0.00%
18	2.23%	1,000,000,000	0.00%
19	2.05%	1,000,000,000	0.00%
20	2.00%	1,000,000,000	0.00%
21	2.00%	1,000,000,000	0.00%

Tokenomics v1 (deprecated)

Inflation rate schedule

On chain parameters

The actual inflation rate will vary from the target inflation rate according to the bonded ratio.

Max inflation	10%
Min inflation	6%

Theoretical parameters

Disinflation rate per year	8%
Converged inflation	2%

Simulations

Low bonded ratio

Year	Inflation
0	10.000000%
1	9.200000%
2	8.464000%
3	7.786880%
4	7.163930%
5	6.590815%
6	6.063550%
7	5.578466%
8	5.132189%
9	4.721614%
10	4.343885%
11	3.996374%
12	3.676664%
13	3.382531%
14	3.111928%
15	2.862974%
16	2.633936%
17	2.423221%
18	2.229364%
19	2.051014%

High bonded ratio

Year	Inflation
0	6.000000%
1	5.520000%
2	5.078400%
3	4.672128%
4	4.298358%
5	3.954489%
6	3.638130%
7	3.347080%
8	3.079313%
9	2.832968%
10	2.606331%
11	2.397824%
12	2.205998%
13	2.029518%
14	2.000000%
15	2.000000%
16	2.000000%
17	2.000000%
18	2.000000%
19	2.000000%

Supported wallet applications

Wallets that support Cosmos blockchains

• Keplr

• Leap

• XDEFI

Command Line Interface (CLI)

• sunrised

Listed exchanges

• Coming soon