Incentives

56% of CRS tokens will be used to incentivize the stability and liquidity of Ceres. Among them, 28% are used for growth incentives and 28% are used for stability incentives.

Growth incentives include central bank staking incentives, dex growth incentives, collateral expansion incentives, ASC minting incentives, and ASC minting recommendation incentives.

Central Bank Staking Rewards

Users can get CRS rewards by depositing collateral or medium in the central bank's Staking pool, but it should be noted that users get veCRS, which can be exchanged for CRS when the ASC price is greater than 1 USD.

DEX Liquidity Rewards

Users can get CRS as a reward by adding liquidity to the ASC trading pair of DEX.

Collateral Expansion Rewards

When voting to add more collateral for Ceres, the top voters are rewarded with a certain amount of CRS from the treasury

The top voter addresses participating in central bank staking will receive more veCRS reward bonuses

ASC Minting Rewards

The minted ASC circulation reaches different levels, and the central bank staking will generate more veCRS rewards.

ASC Minting Referral Rewards

Invite holders of certain collateral assets in the collateral expansion plan to participate in voting, and inviters can receive CRS rewards from the treasury

The more assets the invitee invests in minting ASC, the more reward the inviter gets.

Stability incentives include, redemption rewards, debt auction rewards

Redeem rewards

When ASC is lower than 1 USD, veCRS can be obtained according to the redemption formula, and when ASC is greater than 1 USD, CRS can be exchanged.

Debt auction

When the system is insolvent, that is, when the total value of the collateral and CRS is less than the circulating value of ASC, the stability-incentivized CRS will be used for auction, and the funds obtained will be used to cover the debt, allowing the system’s assets and debt to return to balance.

veCRS Rewards

For holders of veCRS, they will be able to obtain an annualized 6% income, which comes from stability incentives.

veCRS mode

veCRS is the product of CRS staking. veCRS represents the governance rights of Ceres and cannot be traded.

veCRS output

Users stake collateral or media at the central bank to obtain the output of veCRS.

Exchange of veCRS

When the ASC price is greater than or equal to 1 USD, veCRS can be exchanged for CRS at a ratio of 1:1. When the ASC price is less than 1 USD, veCRS cannot be exchanged for CRS.

veCRS holding incentive

For holders of veCRS, they will be able to obtain an annualized 6% income, which comes from stability incentives.