# Tokenomics Summary

## PRO Token

| Property | Value                               |
| -------- | ----------------------------------- |
| Name     | PRO                                 |
| Type     | Rebase token                        |
| Network  | BSC                                 |
| Supply   | Dynamic (collateral-backed minting) |

## Supply Mechanics

PRO supply is not fixed. It expands and contracts based on:

### Expansion (Minting)

* Staking rewards (rebase)
* Bond redemptions

### Contraction (Burning/Locking)

* RBS buybacks
* Black hole LP locks

All minting is backed by treasury collateral. No unbacked issuance.

## Yield Sources

| Source        | Mechanism                              | Recipient |
| ------------- | -------------------------------------- | --------- |
| Rebase        | Treasury mints against reserves        | Stakers   |
| Bond discount | Protocol gains LP, user gains discount | Bonders   |

## Staking Yields

| Period   | Base Rate    | Bonus | Estimated APY |
| -------- | ------------ | ----- | ------------- |
| 1 day    | 0.5-0.9%/day | +0%   | \~835%        |
| 30 days  | 0.5-0.9%/day | +5%   | \~1,258%      |
| 90 days  | 0.5-0.9%/day | +10%  | \~1,865%      |
| 180 days | 0.5-0.9%/day | +15%  | \~2,685%      |
| 360 days | 0.5-0.9%/day | +30%  | \~3,730%      |
| 540 days | 0.5-0.9%/day | +45%  | \~12,489%     |

{% hint style="info" %}
Base rate adjusts dynamically with network debt ratio. APY estimates assume consistent rates.
{% endhint %}

## Bond Discounts

| Period   | Discount Range |
| -------- | -------------- |
| 90 days  | 0\~5%          |
| 180 days | 0\~15%         |
| 360 days | 0\~20%         |
| 540 days | 0\~25%         |

Discounts adjust based on protocol liquidity needs.

## Treasury Composition

The treasury holds:

* **USDT** — Stable reserve for RBS operations
* **LP Tokens** — Protocol-owned liquidity (locked in black hole)
* **PRO** — For RBS sell operations

Treasury holdings back all circulating PRO.

## Value Flow

{% stepper %}
{% step %}
Users stake PRO
{% endstep %}

{% step %}
Treasury mints rewards (backed by reserves)
{% endstep %}

{% step %}
Rebase distributes to stakers
{% endstep %}

{% step %}
Some users bond (USDT → discounted PRO)
{% endstep %}

{% step %}
LP created and locked permanently
{% endstep %}

{% step %}
Treasury grows
{% endstep %}

{% step %}
Backing per PRO increases
{% endstep %}
{% endstepper %}

## Related

* [APY Calculation](broken://pages/dbdafe9e88fe74af772d78a95bd9aa6b3f35e578)
* [How Bonds Work](broken://pages/2be5db31f2354254c33d6e94f6e3ddfd7a3ccc8a)
* [Treasury Module](broken://pages/7b95fe1bc66eeb88d44d6ba5c403790021639138)


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