$PRNT

An overview of the $PRNT token

The $PRNT token is a reflection token that utilizes its 8% fee to run the protocol. This is how the 8% fee is utilizes within the protocol

1% Burn

1% of each $PRNT transaction is burned. This is to offset the farming emissions to some degree. This is a true burn as it utilizes the contracts burn function, this means that the tokens are removed from the total supply.

3.5% Single Sided Staking

3.5% of $PRNT transactions are used to fund the protocols single sided staking. This percent is taken and converted into $pDAI and deposited into the single sided staking contract. This allows participants to single sided stake their $PRNT and earn $pDAI

3.5% Printer

The other 3.5% is deposited as PLS into the printer (which then converts it into pDAI upon deposit). This is a way to keep the amount of $pDAI in the miner continuously growing.