The supply for the Initia VIP Program was increased from 10% of the total
$INIT supply to 25%🪢
What does that mean? - 2.5x more rewards for users
VIP aims to reward users for interactions with Interwoven Rollups (Initia's L2 application chains)
Furthermore, rollups teams receive a portion of VIP rewards too, allocated proportionally to the amount of
$INIT tokens on their chains. They can distribute more rewards to users from their allocations and also use them to continue developing their products
This makes Interwoven Rollups operators to create additional use cases for
$INIT token and accordingly increase the token's value
And you're still not bullish on The Interwoven Economy?
Here's the dilemma:
- don't let investors stake, overpay for economic security, have high inflation staking
- do let investors stake (with locked rewards), pay little (2-4% APY) for lots of security, and direct rewards to economic growth
Traditional L1s have implicitly chosen to cuck themselves by making staking the tokens main use case. This directly competes with their economy.
Instead, Initia will pay the minimum for security and drive more supply through VIP — expanding the economy, inducing demand for INIT, and rewarding actual users.
We opted for the later, enabling us to increase the supply for Initia VIP from 10% -> 25%