Epoch 0

Epoch 0 coincides with the final week of the Genesis Phase and activates Nami's voting system for the first time.

During this week, users continue accumulating Genesis Points, while veNAMI holders vote to determine which pools will receive the initial emissions.

Throughout the 21 days of Genesis, 90% of the swap fees generated by participating pools across all chains is converted into USDC and deposited as voting incentives for Epoch 0.

To participate in voting, users must purchase NAMI and lock it into veNAMI.

As this is the protocol's first vote, the circulating voting power will be limited concentrating the available incentives among early voters.

The rewards earned become claimable at the beginning of Epoch 1.

The First Emission

Before Epoch 0 ends, the Nami team determines the first emission using real data recorded during Genesis: TVL, volume, swap fees generated, the NAMI price, and a bootstrap multiplier.

The data is converted into the protocol's first emission parameter - initializing emission policy based on the activity actually achieved.

This approach translates d(3,3) philosophy into monetary policy: emissions are calibrated to the protocols real performance, rather than derived from a predetermined percentage of the TGE.

With the beginning of Epoch 1, emissions become active, liquidity positions start earning NAMI, and the regular cycle of voting, incentives, and rewards begins.