Epochs and Updates

Time is divided into epochs for several purposes:

• Distribution and Claimability: Rewards in MGV are continuously calculated. Users can claim their earned MGV tokens at the end of each epoch.

• Announcements: Any changes to incentive parameters—including the total reward pool, the allocation to types of usage, the number of blocks observed, etc.—are announced at the start of a new epoch.

• Core principles remain unchanged: While the Mangrove’s DAO council may adjust allocations and parameters during each epoch to respond to market conditions, the core principles of fairness, transparency, and rewarding genuine activity remain steadfast.

Initially, in order to bootstrap the MGV Incentives Program, Mangrove’s DAO Council reserves the right to determine the timing of changes in MGV allocation across different usage types. The goal is to allocate them in a way that ensures the market offers good deals and gains volume, contributing to a virtuous cycle for the common benefit of all users. Consideration will be given to the total volume of activity and, for example, the strategies of vault managers for Kandel vaults, with the aim of always maintaining good offers and ensuring consistent interest in using the dApp and its features, whether for taking, making, or passive/active liquidity provision.