Tokenomics
PKT has one token that powers both its governance and utility:
PKT is an ERC-20 utility token
PKT is yielded by staking using the dashboard on https://pkt.cash
There are three (3) types of staking after August 21, 2024 (“Launch”):
STANDARD STAKING YIELDS
Standard staking yields enable holders to Stake-to-Earn on their tokens. Each 1PKT is equal to 1 Yield Credit. The longer the lockup duration, the higher the yield multiplier on the underlying locked balance. For example if 1 million PKT is staked for 1 year, it will receive 1 million x 4 yield credits, equal to 4 million yield credits. Additional tokens can be added to previous lockups at any time. PKT can be staked into a lockbox with optional renewable terms.
Standard Staking Yield Multipliers:
- PKT locked for 3 months receives 1.5x yield multiplier
- PKT locked for 6 months receives a 2x yield multiplier
- PKT locked for 12 months receives a 4x yield multiplier
Beginning on October 30, 2024 (“Infrastructure Day”) each stake must pair with an infrastructure node (see Infrastructure). PKT is also used for governance. Any holder who stakes PKT can vote their stake during lockup, in favor of a Network Steward of their choice.
LP STAKING
PKT holders who stake the liquidity pool on Uniswap (“LPs”) earn AMM fees paid by the Liquidity Pool. During the first 365 days after Launch, LP’s can earn a pro rata share of a 1,000,000 PKT daily yield by staking LP tokens in a lockup of at least 1 week (“LP Staking”). LP Tokens that are staked into a lockup will receive staking yield multipliers, as listed above.
AFFILIATE YIELDS
PKT is also earned as a yield bonus paid to affiliates. A yield bonus is earned when someone uses an affiliate code (see Affiliate Rewards).