WrapFi Tokenomics and Genesis Fair Launch Plan

Tokenomics

Token Function

WRA is the governance token of the WrapFi protocol, and its main functions are:
1) To encourage WrapFi users, especially Liquidity Providers, to build the WrapFi ecosystem with the team together;
2) Governance of WrapFi’s ecosystem. It is required when adjusting business parameters, submitting token-listing proposals, etc.;
3) WRA can also be staked to share the WrapFi protocol’s income;
4)Trading fee discount.

Token Distribution

The total amount of WRA tokens is capped at 100 million, without any additional issuance. In order to ensure Fair Launch, the only way to distribute WRA token in the Genesis phase is through liquidity-mining of IBT assets, such as the Mint of the StaFi protocol rToken and providing liquidity.

Also to ensure that WrapFi users can get the greatest incentives, we reserve 60% of the token to motivate WrapFi users, mainly DEX Traders and Liquidity Providers. This part of Token will be locked until WrapFi DEX is officially launched.

The proportion of Staking Reserve is 15%, which will be distributed to WRA Token Stakers (6%), FIS Token Stakers (4%), StaFi rToken LP 2 (5%); Development Fund (10%). The last one is used for the development of WrapFi protocol, burying engineering costs, etc. Plus, Eco Fund accounts for 5%, which is mainly for Marketing, partnerships, and listing fees.

Except for the Genesis Tokens(10%), other parts of the tokens will be gradually unlocked in 4 years since the fourth monthof the Genesis. The details are in this table:

Fair Launch Plan

Overview

In order to achieve a complete Fair Launch, WRA Token will not raise funds from outside. Except for the Development Fund (10%) and Eco Fund (5%) for project development, the other 85% of the tokens will all be issued to the community as incentives. All we want to do is to truly encouragethe community to be committed to the development of WraFi protocol and building IBT ecosystem.

Stage 1-rToken

In order to make the initial launch equally fair for everyone, we will initiate a Genesis Fair Launch Plan in which the 10% of WRA tokens will be airdropped to the community who contribute to this project.

We will officially release the WRA Token in 1 or 2 weeks, and start the Genesis airdrop on the same day. About who are entitled to get the airdrops:

1) rToken StakingDrop (1%)

● rToken Stakers. Those who want airdrop must mint and staked the following 5 rTokens in WrapFi Farming Pool: rFIS/rETH/rDOT/rKSM/rATOM.

● rETH Original Validators. Those OVs must successfully run nodes for rETH products from Genesis Time, and complete Onboarding.You could use this rETH OV guide to help onboard.

The WRA reward in rToken StakingDrop has no lock-ups. The Genesis time will be released in the next week, please stay tuned.

2) rToken UNI LP Farming Program (6.5%)

The UNI LP reward pool is as follows:

rETH/ETH: 1%

rFIS/ETH: 2%

rDOT/ETH: 1.5%

rKSM/ETH: 1%

rATOM/ETH: 1%

The mining campaign lasts for 3 months, and the WRA token reward will be distributed in 6 months

3) WRA UNI LP Farming Program (2.5%)

● WRA/ETH 2.5%

The mining campaign lasts for 3 months, and the WRA token reward will be distributed in 6 months

Stage2-other IBTs

In Stage 2, we will incentivize other IBT tokens, such as cToken, ibETH, etc. We will release more details before WrapFi Fair Launch.

Guides

Staker Guides

rETH: https://docs.stafi.io/rproduct/reth-solution/staker-guide

rFIS: https://docs.stafi.io/rproduct/rfis-solution/rfis-guide

rDOT: https://docs.stafi.io/rproduct/rdot-solution/rdot-staker-guide

rKSM: https://docs.stafi.io/rproduct/rksm-solution/staker-guide

rATOM: https://docs.stafi.io/rproduct/ratom-solution/staker-guide

OV Guides

rETH: https://docs.stafi.io/rproduct/reth-solution/original-validator-guide

About WrapFi

WrapFi is the first specialized DEX for Interest-Bearing Tokens(IBTs) powered by TMM algorithm. Price discovery of IBTs on the current AMMs or PMMs not works well, and there always exsits a huge gap between the trading price on DEX and the real exchange rate. WrapFi creates an innovative Tracking Market Maker (TMM) algorithm to provide the most stable price and sufficient liquidity for IBTs.

Website: https://wrapfi.io/
Medium:https://medium.com/@wrapped-finance
Twitter:https://twitter.com/Wrapped_Finance
Telegram Chat: https://t.me/wrapped_finance
Announcements Channel: https://t.me/wrapfi_ann