@tony181
Understanding The Initia VIP Program
the Initia VIP (Vested Interest Program) is a unique economic framework designed to foster growth and alignment within the Initia ecosystem.
the program aims to create economic alignment among users, developers, and interwoven rollups (Minitias) within the Initia network.
It incentivizes participation and retention by rewarding users with the native token, $INIT.
How it works:
> Allocation: a portion of the $INIT token supply is allocated for the VIP program to distribute over time.
> Distribution: rewards are given in the form of escrowed $INIT tokens (esINIT), which are initially non-transferable.
> Unlocking: esINIT can be converted into regular $INIT tokens through two primary methods:
- maintain a VIP score above a threshold over vesting periods or
- stake esINIT into liquidity pools for boosted rewards.
1 reply
1 recast
1 reaction