We utilize the WAVEMasterChef concept for minting and distribution of new WAVE tokens. The Masterchef contract is the owner of the WAVE token.
This means the WAVEMasterChef contract is the only one that has permission to mint new WAVE tokens. There is no way to transfer ownership of the WAVE token from the WAVEMasterChef.
The remaining 60% of the total supply will be minted over 4 years following theEmissions Schedule. The emissions will be distributed as follows:
% of Max Supply Allocated
Number of Tokens After 4 Years
How does it work?
As mentioned before, Wavelength uses the WAVEMasterChef contract for the minting and distribution of new $WAVE tokens. Following the emissions schedule, WAVEMasterChef mints a set amount of $WAVE per Block. Users who join a farm receive a share of those emissions based on their share of the total liquidity in that farm.
Assume the following figures:
We mint 10 WAVE per block according to the emission schedule
We have 5 farms, all with a weight of 20. The weight of all farms combined is 100. This means each farm has 20% of the total rewards.
We enter with 100$ into farm A which pushes the total value locked in this farm to 1000$.
// First we need to get the amount of WAVE the farm we entered received