Introduction

The After token will serve as a central pillar of the After protocol, driving protocol and ecosystem growth. After will also have various roles throughout the After protocol, such as governance and staking.

Protocol Growth

After will be used to incentivize lending and borrowing during periods of high borrowing and lending respectively. After will also be emitted through afterDeposit and afterStaked staking, which will simultaneously grow both the protocol TVL, revenue, and treasury. The After emitted through staked afterDeposit and afterStaked essentially acts as a bond, where revenue from those avenues will be redirected to the treasury and paired with After to form deep liquidity for the protocol token. Although the protocol is distributing the token at a lower cost than the token’s price, the token is distributed equitably while raising funds and increasing protocol TVL and revenue.

Staking

After holders will be able to stake their tokens to earn 10% of the total voting rewards, which is subject to change as described in Economics. Staked tokens will receive rewards continuously, and may be compatible with governance.

Governance

After holders will have the ability to vote on protocol decisions on Snapshot, however, the power to execute or veto the proposal resides with the team. In the future, the After protocol will become a fully decentralised autonomous organization, allowing holders of After to vote on and execute protocol decisions after After is sufficiently distributed, and that a governance takeover is impossible.