The DRC Token has gone through several iterations since its inception in October 2020 finalizing the tokenomics with our V2 launch on April 30th, 2021.
ATTENTION: This document is a rough draft and hasn't been fully developed yet.
The contents here-in may be incomplete, out-of-date, and modified radically in future revisions.
DRC Supply Cap:
DRC token reached maximum supply with thedeployment of Dracula Protocol V2 contracts at 12UTC on April 30th, 2021.
Minting of DRC tokens is permanently halted as of 12UTC April 30th, 2021.
Without a governance vote instructing the team to mint DRC tokens there is no tokenomic mechanism that allows the production of additional DRC tokens at this time.
Dracula team strongly recommends a hard cap on the DRC supply as implemented by the v2 deployment.
Implementation of deflationary tokenomic measures were considered for Dracula Protocol v2, but a decision to neither burn or nor mint additional DRC tokens was taken.
The Dracula Team decided this allows Dracula Protocol to use the additional yield from the static DRC token supply to increase the earnings of all users who stake in victim pools or the single-token DRC pool.