Hive Power Delegations

PWR has a variable emission dependent on the amount of Hive-Power delegated to the service. This emission model got changed in April '25 since the project got revamped. Check the different tabs to compare both models.

OLD Model

**This model worked from September '23 until April '25. (587 days).

More HIVE Delegated => More PWR issued

Delegators receive a diminishing return for their Hive-Power delegations over time, according to this epoch schedule:

Year 1

Epoch	Duration (days)	APR	Completed
1	0 - 30	20%
2	31 - 180	16%
3	181 - 365	12%

Year 2 & Thereafter

Epoch	Year	APR	Completed
4 (ongoing)	2	8%
5	3 (!)	6%
6	4	5,5%

After the third year (!), the APR on delegations decreases at a 0,5% APR/year, mimicking Hive chain inflation.

---

The aforementioned APR's are nominally fixed at HIVE at a 1:1 ratio. That means that if the price of PWR in the secondary market deviates from peg, the distribution model will not adjust the amount of tokens sent to the delegator, since it always assumes that 1PWR = 1 HIVE.

This helps to maintain some stability since the amount of PWR issued only depends on the amount of Hive Power delegated.

This is extremely important in the early stages of the project where more volatility is expected around the peg.

CURRENT Model

Current model pays a fixed APR to Hive Power Delegators. It's still being tested in case it needs more equilibrium changes.

• As of March 2, 2025, the APR was 12%.

• As of June 5, 2025, the APR is 15%.

Current APR of 15% will be kept MINIMUM until January 2026.

In case of reduction, one month notice will be given in advance.

This means a reduction could be announced as early as December to end in January.

---

This Delegation APR is NOT nominally fixed with HIVE (unlike the old model). This means that the amount of PWR sent each day to delegators can fluctuate depending on how PWR price behaves on the secondary market (1 PWR =/= 1 HIVE). It's better understood with an example (assuming 12% APR and a PWR price of 1.3 HIVE):

• With the old model, with a 100K Hive Power delegation the project was issuing ~12K PWR/yearly or ~32,87 PWR daily.

• After the changes, that same delegation (100K) is issuing ~9230 PWR/yearly or ~25,28 PWR daily.

---

This means that an increase in the price of PWR implies a greater scarcity for the token, since the delegators will receive less PWR (nominally speaking) to continue receiving the same APR.