What is POLLEN?

Pollen is utilised as an incentive token to help stabilise the protocol by encouraging the adoption of NECT and increasing liquidity within the ecosystem. Initially, incentives will focus on the Liquid Stability Pool and stablecoin liquidity. Once sufficient liquidity is established in the stable-swap system, incentives will be redirected toward protocols and use cases that increase NECT's utility as a stablecoin, such as a trading protocol using NECT as a quote asset, a game using NECT to be able to perform transactions, or simply a new token launching pairing its initial liquidity with NECT.

Protocol Interest Rate Allocation

Because there are no lenders that need to be incentivised ALL protocol interest rates are used to underpin the value of POLLEN. This is done in the following ways:

• BGT Station Incentives: Income from interest rates will be used as bribes for the sPOLLEN rewards vault on the BGT Station, This incentivises the staking of POLLEN and enables sPOLLEN holders to earn BGT.

• Buybacks for Pollen Stakers: Revenue is used to buy back Pollen, creating additional value for stakers and reinforcing the flywheel effect.

Staking

Pollen can be staked to mint sPollen, which is then deposited into the BGT gauge on the BGT Station.

Additionally, once users deposit through the Beraborrow interface, sPollen is auto-compounded into Infrared to earn iBGT. The rewards from iBGT are used to purchase additional Pollen, which is automatically restaked, creating a self-reinforcing flywheel effect.

Bonding

Users can bond sNECT, HONEY-NECT, POLLEN-BERA or POLLEN-NECT LP tokens for sPollen at a discount. Enabling the Beraborrow to accrue Protocol owned liquidity. These LP tokens are subsequently staked on Kodiak Island at specific liquidity thresholds, deepening protocol liquidity and increasing the utility of NECT across the ecosystem.

Initial POLLEN distribution

There are 420,000,000 POLLEN tokens.

Initial emissions schedule:

Coming thoon...