Core Proposal 3B: Crosschain tokenomics

My dear Huckleberry friends,

A record number of voters cast a record number of votes to determine Huckleberry's crosschain fate. The result? Huckleberry is goin' to Clover 🍀!

• Clover Website
• Clover Twitter

Now that we've agreed on the where, we need to decide on the how. Here are the choices for our Crosschain Tokenomics!

Option 1: Mint 25,000,000 FINN on Clover over 3 years. 10M FINN can move freely between Moonriver and Clover to start. ¹

• Max supply on Clover: 25,000,000
• Pre-mint: 10,000,000
• Farmin' rewards: 15,000,000
• Years: 3
• Emissions per year on Clover: 5,000,000
• Burn per year on Moonriver: 0

Option 2: Mint 25,000,000 FINN on Clover over 3 years. 5M FINN can move freely between Moonriver and Clover to start. FINN will be burned on Moonriver over same timeframe. ²

• Max supply on Clover: 25,000,000
• Pre-mint: 5,000,000
• Farmin' rewards: 20,000,000
• Years: 3
• Emissions per year on Clover: 6,666,666
• Burn per year on Moonriver: 8,333,333

Option 3: Mint 25,000,000 FINN on Clover over 3 years. No limit on how much FINN can move freely between Moonriver and Clover. FINN will be burned on Moonriver over same timeframe. ³

• Max supply on Clover: 25,000,000
• Pre-mint: 0
• Farmin' rewards: 25,000,000
• Years: 3
• Emissions per year on Clover: 8,333,333
• Burn per year on Moonriver: 8,333,333

Footnotes

1. Option 1 includes a 10,000,000 FINN pre-mint. Pre-minted tokens are a pool of tokens that power the crosschain bridge. This pool dictates how many tokens can be moved crosschain at any given time. When you lock 1 FINN on Moonriver, 1 FINN will be released from that pool to you on Clover. ↩

2. Option 2 includes a 5,000,000 FINN pre-mint. Pre-minted tokens are a pool of tokens that power the crosschain bridge. This pool dictates how many tokens can be moved crosschain at any given time. When you lock 1 FINN on Moonriver, 1 FINN will be released from that pool to you on Clover. Burning tokens on Moonriver requires a semi-centralised solution. ↩

3. Option 3 includes no pre-mint. This option uses a bridge (like Wanchain) to bridge FINN directly between Moonriver and Clover. When you bridge to Clover, you'll receive a receipt that you can then trade in for "real" FINN on Clover (1:1 ratio). This way, there won't be limits on drifter movement. The entire Clover FINN supply goes to farmin' rewards. Burning tokens on Moonriver requires a semi-centralised solution. ↩