Tokenomics

Information on Phuture's tokenomics

Phuture token is the medium through which the protocol can enforce governance, reward users, incentivise activity and provide a medium to raise capital.

PHTR Functions

  • Governance - Staked PHTR holders can exercise their right to vote on, or propose new ideas to improve the Phuture protocol.

  • Staking - Users who stake PHTR receive Enhanced PHTR (ePHTR), a yield generating variant of PHTR.

  • Validator Rewards - PHTR is earned by validators on non-Ethereum chains, performing critical platform functions,.

  • Liquidity Incentives - Distributed to whitelisted index holders.

Mint

PHTR is emitted to active users of the platform ensuring that they accrue more influence in the protocol, whilst non active users get diluted over time.

PHTR can be obtained by either staking your PHTR tokens or staking whitelisted index tokens.

Burn

Redeeming an index requires 1% of the index's value be burnt in PHTR tokens.

Since most redemption transactions will occur due to arbitrage opportunities, this mechanism redistributes part of the arbitrage value back to PHTR holders.

Fees

Redemption Fee = 1% of index value burnt in PHTR.

Yield Fee = 5% of the interest accrued from yield optimisation

AUM Fee = {Fixed Weight : 0.5% , Market Cap : 1% , Tracked: 1.5%}

Buy-Back

Fees generated on Phuture are used to buy back PHTR on the open market and redistributed into new and/or existing operating/growth/retention initiatives.

Bond

Keepers must provide proof of a PHTR bond before they can register to execute functions on the Phuture protocol.

Supply

The PHTR token has an initial max supply of 100mm.

The token contract has the ability to turn on perpetual inflation up to a maximum rate of 3% per annum. Perpetual inflation will be turned off by default at launch.

Token Allocation