PlumCake Finance
Auto Emission Reduction
The initial emission rate is 1 PLUM per block. And the emission rate will be reduced by 3% every 14400 blocks (~12 hours) until it reaches 0.05 PLUM per block. (updateEmissionRate function in the MasterChef contract should be called to do it. - this is public and anyone can call it)
Unlike other yield farms where developers manually reduce emission rates according to their own wishes, our emission rate reduction logic is coded in the smart contract and will be executed once updateEmissionRate is called every 12 hours. You can check the code of this in our MasterChef Contract in our github account.
This mechanism will greatly reduce the total supply and make our token rarer and help make $PLUM more valuable to hold.
Last modified 7mo ago
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