Epochs and Updates

Time is divided into epochs for several purposes:

• Distribution and Claimability: Rewards in MGV are continuously calculated and accrue over time. Users will be able to claim their earned MGV tokens at the end of each epoch, and once the MGV token becomes transferable.

• Rewards page: Earned MGV tokens are shown on the dApp's "Rewards" page.

• Announcements: Any changes to incentive parameters—including the allocation to types of usage and the reward rates ρ—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.

The distribution will consist of 6 epochs lasting 2 weeks each. Here are the dates with the unix timestamps (in second) :

Date: Tuesday, 11/19/2024, 12 GMT+1 - Timestamp: 1732014000

Date: Tuesday, 12/3/2024, 12 GMT+1 - Timestamp: 1733223600

Date: Tuesday, 12/17/2024, 12 GMT+1 - Timestamp: 1734433200

Date: Tuesday, 12/31/2024, 12 GMT+1 - Timestamp: 1735642800

Date: Tuesday, 1/14/2025, 12 GMT+1 - Timestamp: 1736852400

Date: Tuesday, 1/28/2025, 12 GMT+1 - Timestamp: 1738062000

Each epoch will have a budget of 1.6M MGV.