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Par RePLENishment Trigger

Below is an incomplete list of references to configurable variables of parameters (par) that are subject to voting via DAO Governance:

  • Threshold for Burning: 10 LP-token
  • Threshold for Buybacks: 100 PL2
  • LP-token burning percentage: 10%
  • Buyback Percentage using PL2 for WETH: 90% of fees collected
  • Allocation of PL2 for Buybacks of WETH: 5%
  • Inflation Amount per Block: ≈10.5 PL2 = 2.5% per year
  • Maintenance Block Limit (i.e. cool-down period): 6,500 blocks
  • RTUR: 0.1% of the amount for replenishment

As the experiment progresses and decentralized markets evolve, the effects of these parameters will become apparent. The variables may be changed initially through informal governance votes and later through formal governance votes to ensure operational stability and keep Plenny economically viable.