Defi is a new decentralized product or trend on blockchain networks that uses smart contracts, such as Ethereum, Binance Smart Chain, Tron, etc.Having a large special market that has formed products such as lending and borrowing with a low APR for borrowers and large APY for fund providers, this is a new technology that is in great demand apart from commercial banks.One of them is Mocktailswap is on Binance Smart Chain network. Besides having many future features, Mocktailswap has also just started Farming and Staking with APY which is very promising for liquidity providers.
Then, how do providers control the supply of MOK Tokens?
Until now, there is no hard cap supply with MOK tokens. However, it remains a concern
of community, because there is no hard cap limit for the MOK Token, the developer
is aware of it, but in the future it will be released soon how many hard cap on
the total supply will be set on the MOK Token.
Then why does MOK have no Hard Cap Supply?
MOK's primary function is to incentivize
providing liquidity to the exchange. Without block rewards, there would be much
less incentive to provide liquidity (LP fees etc. would remain).
Then how do developers reduce supply without Hard Cap?
The chefs aim to make deflation higher than
emission by building deflationary mechanisms into Mocktail Swap's products. The
goal is for more MOK to leave circulation than the amount of MOK that's
produced.
Then how do developers deal with inflation?
By reducing the amount of MOK made per
block, we slow inflation. This has already been done once: The first reduction
in block emissions effectively reduced the number of MOK produced from 1 MOK
per block to 0.625. But we don't want to do this too frequently, too early, for
the same reason we don't want a hard cap: we still need to incentivize people
to provide liquidity.
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