the market?
Which new token do you mean mate? There will be no any new token only SBT.
Venus Prime/Soulbound Token is an NFT that will be distributed to qualifying XVS Holders. It's not transferable. It will give you access to extra yield in select markets in the core pool. The more XVS you have locked, for a minimum time period of 90 days, the bigger your APY boost will be. You need a minimum of 1000 XVS and upwards to qualify.
Danny may i know why SBT drop is also being waited for? A lots of projects have already implemented SBT, whereas we could have been the first mover.
It's almost ready actually. Most of the delay is due to the fact that we had to accumulate reserves for it so that it's actually very attractive before it could be launched but, we also needed to ship on some other major protocol upgrades first...
This token have fixed supply but all the token is not in the circulation it means new token will came to circulation in the future, my question is how do the new tokens get into circulation?
A small amount of XVS tokens are released to stakers and borrowers on our markets everyday. Have a look here you'll understand better: https://app.venus.io/xvs
At the current emission level, there are 14,829,513 XVS left to be released at 1196 XVS per day. It means 8,738 Days or close to 24 years left of emissions.
If the demand is not increasing, when the demand of stacking and borrowing increases in means new token will distribute more faster?
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