🏦Wearables Fund

Emissions

A large portion of the $WAIGER player-centric supply will be allocated to the Wearables Fund, a rewards pool that distributes rewards to players who hit triggers on their staked wearables.

Each day, rewards pools are re-filled with $WAIGER depending on the previous day’s spend activity. Any player that hits for that pool will get a proportional share of the rewards from that pool across all players who hit for that day. If a player hits twice, they win twice as much.

This mechanic ensures players will always exist along a risk curve, using a variety of NFT wearables to have exposure to a variety of rewards pools. Unpopular rewards pools may become attractive because there aren’t as many players to split the guaranteed total reward.

While total rewards across the pools rises and falls with the previous day’s total $WAIGER spend, the distribution of rewards among all the pools is a combination of proportional (70%) and randomized (30%) amounts.

70% of the total pool rewards are distributed proportionally across the pools across 2 metrics: staked NFT wearable quantity, and difficulty of odds to hit the reward trigger. If many NFT wearables of a particular pool are staked, that pool will get more rewards allocated to it. Harder to hit pools like the ones that require royal flushes will also have more rewards allocated to them.

30% of the total pool rewards are distributed randomly across the pools using a VRF random number generator. 3 of the pools are guaranteed to get 15%, 10%, and 10% of the total randomized rewards, ensuring an unnaturally high concentration for rewards exists in 3 pools at all times. This will cause a fluctuating meta in the NFT wearables market.

The full wearables fund will be vested over 4 years over a logarithmic vesting curve. The Foundation will allocate $WAIGER to the pool rewards amount, generally following a pattern of player spend, with opportunity to boost certain days for special events, or reduce it for long term balance and sustainability.