$RISE
Last updated
Last updated
$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 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 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.
[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.
Year:
Supply of $RISE:
Supply of $vRISE:
Supply:
Initial Supply:
Initial Inflation Rate Cap:
Disinflation rate:
Supply Cap:
It must be satisfied:
Inflation Rate Cap:
Tx fee burnt $RISE:
Supply transition:
Inflation Rate Cap transition:
It means:
Observed Inflation Rate:
This simulation assumes that
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 , 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.
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%
The actual inflation rate will vary from the target inflation rate according to the bonded ratio.
Max inflation
10%
Min inflation
6%
Disinflation rate per year
8%
Converged inflation
2%
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%
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%
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