Clear DefinitionsEmission Curve
1 min read
Pronunciation
[ih-MISH-uhn kurv]
Analogy
An emission curve is like a factory’s production schedule, specifying how many units to produce each month.
Definition
A predefined schedule that dictates the rate at which new tokens are minted and introduced into circulation over time.
Key Points Intro
Emission curves shape token supply dynamics through:
Key Points
Mint schedule: Defines tokens per block or epoch.
Decay functions: May use linear, exponential, or logistic decay.
Inflation control: Limits long‑term token issuance.
Transparency: Curve parameters encoded on‑chain.
Example
Technical Deep Dive
Smart contract `mint()` references `emissionCurve(totalMinted)` function. For exponential decay: `reward = initialReward * e^(−k * epochs)`. For linear: `reward = max(0, initial − slope * epochs)`. Contracts store parameters `initialReward`, `decayRate`, `slope`.
Security Warning
Incorrect curve parameters can lead to runaway inflation or abrupt supply cliffs; simulate under various scenarios.
Caveat
Rigid curves lack flexibility to adapt to changing economic conditions.
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