Ruler Protocol, a decentralized lending platform, updates the token economy and reduces the amount of tokens currently released
Ruler, a decentralized lending platform, announced on March 21 that it would implement the updated token economy in three hours under the proposed project. There are two major changes:
(1) A change in the release rule of Ruler Protocol: ETH- Ruler Sushiswap LP increased mining by 50% to 2500 per week. WBTC and Weth Lending LP mining reduced by 45% to 1,125 mines per week; Cover Lending LP mining reduced by 45% to 112.5 pieces per week. INV, VETH2 Lending LP Mining is unchanged, at 50 pieces per week.
Second, changes to the Cover Protocol release rules: mining of WBTC and WETH CDS LP was reduced by 90% to 43.75 mines per week;
Cover CDS LP mining reduced by 90% to 14.58 mines per week; Ruler-Noclaim LP mining was unchanged at 370.59 per week.
After the update, the weekly release was reduced from 7400.09 to 5435.17, of which approximately 46% was used to stimulate the Eth-Ruler pool. The new token economy will significantly reduce the current release. The original plan to release 17.75% of the total supply in 3 months, including the addition of Xruler this week, will be reduced to 12.8%.
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