Kiran Karra

@k2k2

Joined on Oct 24, 2022

  • veTokenomics for Pods Overview Reppo is a network of composable intelligence. In the Reppo network, "Pods" are units of intelligence. The rationale behind using veTokenomics for Pod tokenomics is that it is an effective and proven way to incentive align network participants. In brief, the Reppo veTokenomics model works as follows. Users can stake Reppo tokens for veReppo tokens. Users allocate veReppo tokens to different pods. This does the following: a) Enables the user who staked into a Pod to receive a pro-rata proportion of fees that the Pod generates, and b) Redirects a portion of the total Reppo token emissions to that Pod. Why does this make sense for the Reppo network? Pods are like businesses (in Reppo's case, they are businesses that specialize in producing a specific kind of intelligence). Businesses may need startup capital and look for investors to get this seed money, and in exchange they trade their equity, which is effectively a bet on the future cash-flow of that company. The mechanism in this document tries to achieve this exact dynamic, in a tokenized manner. In this document, we describe an updated version of the veTokenomics model that better aligns with the vision of the Reppo network. The key updates to the original veTokenomics model are:
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