Unergy
  • β˜€οΈIntroduction
    • Abstract
    • Motivation
  • πŸ”ƒProtocol
    • Introduction
    • The uWatt: A stable currency collateralized in clean energy
      • uWatt reference value
    • Project origination
      • pWatt tokens
      • Project milestones
    • The Swap
      • Swapping pWatts into uWatts
      • External pWatt holders
      • Swap factor
      • pWatts β€˜outside’ the Reserve
    • Energy tokenization and generation tracking
      • Tracking of energy monetization
      • Renewable Energy Certificates (RECs)
    • Management of funds in the Reserve
      • Collecting project income
      • Operation and maintenance expenses
      • Liquidity pool funding
      • Depreciation compensation
        • Asset value calculation
        • Asset depreciation compensation
        • Avoiding overcompensation
      • Distribution of rewards
  • πŸ—³οΈGovernance
    • Overview
    • Choosing the cash flow discount rates
    • Protocol upgrades
    • Milestone validation
  • πŸ’‘Remarks
    • Types of projects
      • Self-consumption projects
      • Utility-scale solar energy Projects
    • Nature of the Unergy Protocol tokens
      • Nature of the uWatt token
      • Nature of the pWatt tokens
    • Incentives for funding Projects
  • πŸš’Risks and mitigation
    • Origination risks
      • Delays in the construction or procurement phase
      • Failure to install the Project
    • Real-world funds management
    • Project qualification
      • Technical feasibility
      • Financial feasibility
    • Installer qualification
  • πŸ““Miscellaneous
    • Protocol implementation
    • Definitions and terminology
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  1. Protocol
  2. Management of funds in the Reserve

Distribution of rewards

After covering the costs for operation and maintenance, depreciation compensation, and funding the liquidity pool, the remaining funds (in USDT) are distributed among the holders of uWatts. This distribution occurs in proportion to the ownership of uWatt tokens at the time of the operation. A snapshot of the current uWatt distribution is taken, and the funds are disbursed accordingly.

It is important to note that the distribution of rewards is independent of the market price of uWatts, which helps maintain a stable value close to its intrinsic value. Should holders speculate on the price of uWatt, driving its price up, the alignment with profit/reward expectations would be disrupted, potentially causing the price to adjust downward again.

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Last updated 1 year ago

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