Re-base and Ladder Rewards

Rebase Rules

OpenFi has designed a Rebase model for stakers, allowing users to automatically receive new $OPEN tokens at regular intervals by simply staking $OPEN. Each 12 hours constitutes a Rebase Epoch, where the protocol distributes newly minted tokens to all stakers in proportion to their staked amounts based on the treasury surplus.

The essence of Rebase is a profit-driven interest distribution mechanism, which differs from traditional mining incentive mechanisms that rely on inflationary token issuance. Rebase is more sustainable.

Mechanism Features:

• Each 12-hour period constitutes one Epoch, with new supply calculated based on the current Rebase rate.

• Newly minted $OPEN tokens are distributed to stakers, forming an exponential growth structure.

• Static Rebase is non-transferable and must either wait for the release period or consume $NEC to unlock.

• Linked to the treasury surplus, Rebase avoids inflationary risks.

• No manual intervention required; rewards are automatically reinvested.

Compounding Formula: APY ≈ (1 + RebaseRate)^(Epochs per Year) - 1

The Rebase mechanism balances long-term incentives and inflation control:

• During market peaks, Rebase increases to encourage staking.

• During market downturns, the buyback and burn mechanism balances supply.

Through dynamic adjustments, OpenFi ensures that staking rewards are sustainable and forward-looking, attracting long-term capital participation.

Reward Release Rules: All Rebase rewards are released linearly over 90 days and require waiting or consuming $NEC to accelerate extraction.

Ladder Reward Mechanism

To encourage users to stake $OPEN for the long term, OpenFi introduces the "Ladder Yield Model": Ladder Reward = Total Staked Amount × (24-Hour Rebase Rate × Percentage Increase for Days)

OpenFi has constructed a complete revenue closed-loop flywheel:

• User purchases bonds → Protocol accumulates assets (enters the treasury)

• Treasury support → Enhances $OPEN's floor price guarantee and market cap support

• Rebase dividends → Incentivizes staking, reducing circulation

• Market confidence increases → Token price rises, attracting more bond purchases

• Protocol profit increases → Initiates buyback and burn, creating a deflationary effect

This mechanism drives $OPEN to become an asset with real value support, long-term growth potential, and deflationary characteristics.

OpenFi enhances the core mechanism of OlympusDAO, making the protocol more resilient, risk-resistant, and community-driven. Through the combination of PCV, POL, Bonding, and Rebase, OpenFi creates a robust, closed-loop token economy system, laying a solid foundation for future ecosystem expansion.