🌀Dilution Protection (3,3) Rebases
Cleopatra, adopted the (3,3) model, which includes a mechanism to mitigate dilution. (3,3) means there HAS to be a rebase. Without a rebase, the model cannot be coined a ve(3,3) DEX.
During the initial launch, veCLEO holders will benefit from a 25% weekly rebase, which helps counterbalance dilution resulting from the protocol's emissions schedule. With each subsequent epoch (week), this percentage increases by 1% until reaching a maximum cap of 50% anti-dilution per epoch.
Cleopatra strongly believes that rebases/anti-dilution are crucial to the entire model, and without it-- leads to a dangerous misalignment with users.
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