What is IPISTR
IPISTR = IPI(Labs) + S(HOR)T(E)R
IPISTR is a utility token that aligns ecosystem stakeholders and incentives produced within the expansion of the ecosystem, allowing the user to access unique functionalities and determine what token pools are listed, what features are to be applied, and what modules are available in the main GUI.
IPISTR token holders have privileges to discuss the proposals, inquire about liquidity issues, investigate positions and vote on system upgrades and other rectifications. Core protocol contributors will guide critical decisions that are advantageous to enhance Shorter Finance.
For smart contract address of IPISTR, head over to the article smart contracts .
As with most DeFi things, the number of IPISTR used for supplying rewards is determined by the formulation listing below. Take this assumption first, the total balance and USD value of the pool supplied by the stakers are labeled as and on pool no. , yet the current interacted indicator is . IPISTR base reward produced per block is a constant . After, we henceforth take as a weight factor calibrated by token rating (e.g., AAA, BB, and C) and allocation strategies for the sake of risk amongst diversified tokens.
The burning of tokens refers to permanently removing IPISTR tokens from circulation. It is this property that the Shorter DAO comprises rulers tend to burn IPISTR based on some digitals(i.e., total trading volume and protocol revenue of the previous period). The rulers hold the handle deciding when to make it happen or how much the tokens need to be depleted.
There are 2 sorts of burning proposal:
Shashfor redundant circulation
In the coming months, new proposals on IPISTR burning will be put forward weekly on Snapshot (opens new window) for voting.
To tame the direct sell-off impacts on markets, orderly IPISTR buyback programs would be carried out in batches as the evolving process of Shorter. There is undoubtedly an
upper cap on the number of IPISTR tokens that buy back at a time, and there are intervals between buybacks. The upper cap of a single buyback and the frequency of buyback is dynamically adjusted according to the current market liquidity. Specifically, the entire IPISTR buyback process is open, transparent, and verifiable on the corresponding blockchain Shorter deployed.
IPISTR’s token distribution is broken down as follows:
|Angel Investors - SAFT 2021||400,000,000|
|Potential Future Fundraising||2,000,000,000|
|Retroactive Public Goods Funding||50,000,000|
|Protocol Users Obtaining in the Further||85% Remaining|
IPISTR total supply hard cap: 18,533,333,333