The spent PPO is then redistributed amongst PPO stakers, thus boosting your staking APY! Bond for PPO Note: some items will only be available after you unlock a certain set of achievements. You can spend your PPO on power boosts to multiply your PPO Power, consumables for gated community access, cosmetic items for your prePO profile and virtual avatar, physical merch, gamification event items, and more!

PPO can also be used for exclusive PPO-denominated purchases. If a loan isn’t paid back in time, the staked PPO will be claimed by the treasury and redistributed to stakers as an additional staking reward! Spend PPO The prePO treasury will act as the lender, providing assets (such as USDC, ETH, or even PPO) for borrowing. Staked PPO as CollateralĪs a staker, you can use your staked PPO as collateral for taking out loans, unlocking further capital efficiency for your PPO.

This mechanism further incentivizes everyone to stake, thus creating a long-term aligned community. If a low percentage of PPO holders are staking, then bonus emissions will be high if a high percentage are staking, then bonus emissions will be low. On top of the above, stakers will receive bonus PPO emissions from the treasury, depending upon what percentage of total PPO is staked. Stakers will also receive a share of all PPO spending. These fees are first used to buy-back PPO, and then automatically compounded into each staked PPO position. Stakers will receive a share of all protocol fees, including any fees for trading, deposits, withdrawals, or early unstaking. Since high multipliers will accrue to active long-term stakers, PPO - and thus the future of the protocol - will ultimately end up in the hands of long-term believers (known as ‘ pregens’) rather than short-term speculators. If you become inactive for an extended period of time, your rewards will be paused and redistributed to other stakers instead. Importantly, only those who remain active, either through governance or on the platform, will receive staking rewards. The more PPO Power you possess, the greater your influence within governance, and the greater your share of future PPO reward distributions. You can multiply your PPO Power by staking for longer (time multiplier), unlocking achievements (achievements multiplier), or consuming power boosts (boosts multiplier). You can also earn PPO through ‘governance mining’, where you receive retroactive rewards for participating in governance and contributing to the prePO DAO in whatever way you can! Stake PPOīy staking PPO, you receive PPO Power (a non-transferable ERC-20 token). Participating in each market’s comment section.You can earn PPO tokens by being an active user and adding value to the prePO protocol. In this article, we’ll highlight the key functionalities of PPO - prePO’s governance and utility token. Our tokenomics design incentivizes high quality, active participation and long-term alignment. The Ferguson Fire, burning near Yosemite, is nearly 57,000 acres and is 30% contained.After many, many iterations and in-depth industry-wide research, we’ve come up with what we believe is the ultimate tokenomics design. The 98,000-acre Carr Fire, burning in Shasta County, has forced the evacuation of more than 30,000 residents and destroyed nearly 1,000 structures. Please keep all of our Arizona firefighters, and all of the men and women working these fires in your thoughts,” said State Forester Jeff Whitney. We will do everything possible to assist our neighbors, but we also have to be mindful we cannot thin our resources at home. California needs more boots on the ground and the state of Arizona is committed to sending all the resources we can. The fires are burning at an alarming intensity and high rate of speed. “These fires are taking out anything and everything in their way, taking lives and destroying property. Others will provide local fire department station coverage, some will be assigned as initial attack resources for new fire starts, and others will preposition in anticipation of the next round of lightning forecasted for California.

A majority of those crews will be directly assigned to the Carr and Ferguson Fires. Recently, the Arizona Department of Forestry and Fire Management received multiple orders for personnel and equipment to head to California to help with more than a dozen fires burning there, including the two largest, the Carr and Ferguson fires.Īs of today, nearly 75 engines and 375 fire personnel from Arizona are in California on various assignments. Phoenix, AZ (7/30/18) - The State of California is calling for help and Arizona is ready to answer that call.

Prepo firefighting