Pickle Finance Docs
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  • 👋Intro to Pickle Finance
  • Where does Pickle Finance operate?
  • What types of Jars does Pickle have?
  • Risks of Yield Farming
  • Contributing to Pickle Finance
  • 🍯 Pickle Jars
  • Intro to Pickle Jars
  • Current Jar Strategies
    • Ethereum Network Jars
    • Polygon Network Jars
    • Arbitrum Network Jars
  • Fees
  • The Jar APY - The Math Behind Compounding
  • 🚜Farms
  • Introduction
  • Farm Weights
  • Farm APR Explained
  • Jars and Farms Walkthrough
  • Security
    • Audits and Timelock
      • Smart Contract Audits
      • Timelocks & Multisig
  • PICKLE Token
    • How to get $PICKLE
    • Tokenomics and Emission Schedule
    • Uses of $PICKLE
  • 🥒$DILL
    • What is $DILL?
    • Benefits of $DILL
    • $DILL and Governance
  • 🌽$CORN
    • What is $CORN?
  • 🙋FAQs
  • Main FAQ
  • Appendix C - Previous Docs
    • Old Docs
      • Pickle Jar Strategies
      • Navigating Pickle Jars & Pickle Farms
      • What are Pickle Jars?
      • Fees
      • Security
      • Emission Schedule
      • General
      • PICKLE/ETH Farm
      • Lock PICKLEs for DILL
        • Deposit into Pickle Jars
        • Farm Weight Voting
      • Farm with your pTokens
      • Farm Weights
      • Boosted Rewards
      • What are Pickle Farms?
      • pJar 0.99
      • pJar 0.88 (Inactive)
      • pJar 0.69 (Inactive)
      • pJar 0.00
      • Pickle Jar Strategies
      • What are Pickle Jars?
      • Revenue Sharing
      • DILL Governance
      • DILL Vote Locking
      • How to Get PICKLEs
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  1. Appendix C - Previous Docs
  2. Old Docs

Emission Schedule

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Last updated 3 years ago

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For the current rate of PICKLE emissions, please navigate to and hold your mouse over the TOTAL SUPPLY.

You can also see the live circulating supply .

2020 September 11: Week 1 begins.

Pickle tokenomics officially began it's first week of emissions on Friday, September 11, 2020. The first week created 465,000 Pickle tokens. The next 3 weeks saw half as many pickles created each week as the week before, with emissions of 232k, 116k and 58k respectively. At week 5, the pattern of halving emissions each week stopped. Week 5 saw a 20% decline in emissions vs the prior week, with 46k tokens created, while weeks 6 through 28 saw pickle emissions decreasing by 10% each week.

The original tokenomics plan called for a 10% reduction in emissions in perpetuity until emissions reached the terminal figure of 329 pickles per week. However, on March 15th, 2021, a snapshot vote was held for PIP-32, freezing emissions at 0.1 per block (or around 4200 per week) to maintain some room for growth for the protocol.

After the release of dill and plans to expand Pickle onto the Polygon network, a new snapshot vote was held on May 13th to expand emissions to 0.3 pickles per block, or around 12,600 per week, in order to support these expansion plans and compete for deposits in new markets. The new emissions schedule will last until the end of 2021.

Below is the original emission.

The PICKLE emission schedule features a gradual decrease in PICKLE minting up until the end of the first year, after which a static amount will be minted in perpetuity.

Starting from Week 6 and ending at the end of Week 52, the number of PICKLEs minted will decline each week by 10% from the previous week.

After Week 52, PICKLEs minted will remain static each week (at approx. 329 PICKLEs per week), capping the overall annualized inflation rate at 1.29% and further decreasing over time.

Week

New PICKLEs per Week

Total PICKLE Supply

1

465,000

465,000

2

232,500

697,500

3

116,250

813,750

4

58,125

871,875

5

46,500

918,375

6

41,850

960,225

7

37,665

997,890

…

…

…

51

365

1,333,588

52

329

1,333,916

53

329

1,334,245

…

…

…

104

329

1,351,024

...

329

...

2021 March 15 (week 28): vote to maintain emissions at 0.1 pickle/block. 2021 May 13 (week 37): vote to expand emissions to 0.3 pickle/block.

PIP-32
Snapshot
https://app.pickle.finance/
here
Total PICKLE Supply