Economics
CRF is the project token as well as the governance token.
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CRF is the project token as well as the governance token.
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CRF is the project token as well as the governance token. So, first of all, all the parameters involved in CF, including the increase or decrease of the types of collateral, the adjustment of the collateralization ratio, the types of synthetic assets, etc., can be determined by voting by CRF holders.
Also, we have three kinds of economic incentives for CRF holders currently.
1) All unallocated and future tokens to be issued annually will be used as rewards depending on the types of users. According to whether the user uses CRF as collateral and joins the SDP, there are four types of users in the system.
a) Users who use CRF as collateral and join the SDP will earn 60% of these rewards.
b) Users who use CRF as collateral but do not join the SDP will earn 20% of these rewards.
c) Users who use other tokens as collateral but join the SDP will earn 20% of these rewards.
d) Users who use other tokens as collateral and do not join the SDP will earn 0% of these rewards.
2) The fees collected from trading in Kingsman will enter the fee pool. And all the fees will be converted to CRF using auction or DEX. 40% of the fees will be distributed as rewards to users who meet the specified collateralization ratio in the entire system, and the reward ratio is determined by the debt ratio. Another 40% will be destroyed. The remaining 20% will be reserved for future maintenance and development of the system.
The system stipulates that only users whose collateral is the CRF and join the SDP can receive rewards, as an incentive for CRF holders. Because the collateral price fluctuates, it is stipulated that only users who meet the collateralization ratio are eligible to receive rewards.
3) Users who choose not to join the SDP will pay interest on their synthetic assets, and the interest will enter the interest pool. 80% of the interest will be converted to CRF and the converted CRF will be destroyed as another way to support the price of the token. The remaining 20% will be reserved for future maintenance and development.
