Option 1: No Change

Emissions stay the same as they are currently set. No action will be taken.

Option 2: One-Time 10% Reduction

Emissions will be reduced to 9 BANANA tokens per block.

In practice ApeSwap would set up a ghost farm that would start taking 10% of all BANANA emitted. This 10% would come entirely from the existing allocation used for farming (i.e., rewards for staking LP tokens). The allocation of BANANA that is used for the BANANA staking pool (2.5 per block) would not be adjusted. All of the BANANA emitted to the ghost farm would be used for burning BANANA.

The emissions reduction would take place within 48 hours of the proposal being passed.

Option 3: Multi-Phase 50% Reduction

Emissions will be reduced to 5 BANANA tokens per block over the course of 5 even intervals between July 23, 2021 and March 23, 2022.

In practice this means ApeSwap would set up a ghost farm that takes a portion of all BANANA emitted. This amount would increase from 10% to 50% in 10% increments depending on where we are at in the reduction process (see timeline below). This BANANA would come entirely from the existing allocation used for farming (i.e., rewards for staking LP tokens). The allocation of BANANA that is used for the BANANA staking pool (2.5 per block) would not be adjusted. All of the BANANA emitted to the ghost farm would be used for burning BANANA.

This proposal would adhere to the following reduction schedule:

• July 23, 2021: Reduction to 9 BANANA per block
• September 23, 2021: Reduction to 8 BANANA per block
• November 23, 2021: Reduction to 7 BANANA per block
• January 23, 2022: Reduction to 6 BANANA per block
• March 23, 2022: Reduction to 5 BANANA per block

Resources

Inflation Over Time

Daily Inflation Percentage in Various Scenarios