💴$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 inLiquidity Pool.

Usage of Tokens

Function	Token(s)	Details
Security	RISE + vRISE	Both vRISE & RISE can be staked for Consensus
Governance	vRISE	vRISE is used for On-chain governance and Gauge Voting
Security Emissions	RISE	RISE is distributed for stakers as consensus rewards
LP Emissions	vRISE	vRISE is distributed for LPs as incentives
Fee	Any (swapped to RISE)	RISE is used as a transaction fee

Legend: = RISE = vRISE

Tokenomics

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: $t \in \{0,\ 1,\ 2,\ \ldots\}$

• 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%

Supported wallet applications

Wallets that support Cosmos blockchains

• Keplr

• Leap

• XDEFI

Command Line Interface (CLI)

• sunrised

Listed exchanges

• Coming soon