RULER is a valueless governance token.
It is mainly used to govern the future of the protocol
RULER token holders may receive other product benefits in the future including but not limited to
Higher minting ratio
RULER token holders may benefit from proposals the community passed, for example, fee sharing etc.
Agreed on by the community per passing of REP11.
250,000 - Liquidity Mining:
Will last one year (ends in March 2022). This includes both pool 2 and rewards for lending pools. The current rewards emission system will not be changed.
If there are remaining $RULER, it will be sent to the treasury. Any additional liquidity mining emissions can be at the discretion of governance, deducted from treasury.
500,000 - Treasury:
Used for all other areas, including but not limited to rewarding contributors, new on-boarded team members, bug bounties, etc.
250,000 - Founding Team and Advisors Salary:
No changes. All members follow the same vesting schedule of 2 years with 60% vested Year 1 and 40% vested Year 2. This is to create continued incentives for the operations team to lead the project after launch.