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The Juiced token economy is designed to create a self-sustaining cycle of liquidity and governance. It moves beyond simple “farming” by aligning the long-term interests of Liquidity Providers, Governance Participants, and the Protocol itself. The system utilizes a modified veToken (Vote-Escrowed) model, transforming the native token from a speculative asset into a claim on protocol cash flow and governance power, with a strict “use it or lose it” policy for voters.

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JUICE token utility

JUICE is the native ERC-20 utility token of the protocol. It serves as the primary currency for incentivizing liquidity on RiseX and coordinating the decentralized governance of the platform.
  • Ticker: $JUICE
  • Primary Function (Incentive): It is emitted as a reward to Liquidity Providers (Vaults & Market Makers) based on their Liquidity Score.
  • Secondary Function (Governance): It is the underlying asset required to participate in the DAO via locking.
  • Tertiary Function (Bribes): It acts as a base currency for the Bribe Marketplace (though other tokens are accepted, JUICE is the default unit of account).

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Emission schedule: The tail emission model

To ensure the protocol can sustainably pay for liquidity decades into the future, Juiced rejects a “Hard Cap” model (which inevitably leads to zero rewards and liquidity flight). Instead, it adopts a Disinflationary Model with Tail Emissions (similar to Curve Finance or Monero). Phase 1: Bootstrap (High Inflation)
  • Duration: Years 1-2.
  • Goal: Aggressive market capture and token distribution.
  • Mechanism: In the initial phase, emissions are high to attract early adopters, bootstrap deep liquidity on key RiseX pairs, and distribute governance power to a wide set of active users.
Phase 2: The Decay
  • Duration: Ongoing transition.
  • Goal: Scarcity.
  • Mechanism: The rate of new JUICE issuance decreases periodically (e.g., weekly reduction by factor xx). This creates a “halving-like” pressure where obtaining JUICE becomes progressively harder, incentivizing early participation.
Phase 3: Tail Emission (Perpetual Floor)
  • Duration: Perpetual (Year 4+).
  • Goal: Security and Maintenance.
  • Mechanism: Inflation never drops to absolute zero. It stabilizes at a low, fixed annual percentage (e.g., 1-2% yearly inflation).
  • Why? This ensures there are always new JUICE tokens available to reward Market Makers. Without this “Tail Emission,” the orderbooks would eventually dry up as incentives vanished.

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veJUICE (Governance & Yield)

The core value accrual mechanism is veJUICE (vote-escrowed JUICE). Users cannot simply “buy” veJUICE; they must earn it by locking JUICE tokens in the protocol. Locking Mechanics
  • Commitment: Users lock their JUICE for a period ranging from 1 week to 4 years.
  • Time-Weighted Power: The longer the lock, the more veJUICE received.
    • 1 JUICE locked for 4 years = 1.0 veJUICE
    • 1 JUICE locked for 1 year = 0.25 veJUICE
  • Non-Transferable: veJUICE is tied to the user’s address and cannot be sold or transferred. To exit, the user must wait for the lock to expire.
Active Governance Rebase (Anti-Dilution) To combat voter apathy and ensure the protocol is governed by active participants, Juiced introduces an Active Governance Rebase mechanism (Vote-to-Maintain).
  • The Problem: As the protocol emits new JUICE (inflation) to pay LPs, the percentage ownership of existing veJUICE holders is naturally diluted over time.
  • The Solution: In every epoch, a portion of the new issuance is reserved for a Rebase Pool.
  • The Rule:
    • If you Vote: You receive a “Rebase” (extra veJUICE) that tops up your balance to offset inflation. You effectively maintain your % share of the protocol.
    • If you Do Not Vote: You receive zero rebase. Your ownership stake (and claim on future fees) is permanently diluted by the new emissions.
Result: Passive whales slowly lose their influence and fee share to active community members.
Rights of veJUICE Holders
  1. Gauge Voting: Deciding which markets receive the weekly JUICE emissions.
  2. Real Yield: Receiving a pro-rata share of the protocol’s revenue (Trading Fees + Bribes).

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Revenue waterfall

Unlike governance tokens that only offer “voting rights,” veJUICE is a cash-flow generating asset. The protocol captures value from two primary sources and redirects it to lockers. Source A: Curator Fees Because Juiced acts as the Exclusive Curator (Creator) of markets on RiseX (Phase 1), the protocol treasury automatically receives the “Curator Fee” cut from every trade executed on these pairs. Source B: Protocol Taxes Juiced charges a small protocol tax on:
  • Bribes: A tax taken from the Bribe Marketplace before distribution.
The Distribution
  1. Protocol Treasury: A small portion is retained for operational costs, audits, and strategic reserves.
  2. veJUICE Stakers: The majority of revenue is streamed to active veJUICE holders in the form of stablecoins (USDC) or the base asset (RISE). This creates a “Real Yield” dividend that is independent of the JUICE token price.

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Type of users

The Passive LP Passive user who deposits assets into Maker Vaults to earn organic trading fees and base protocol incentives, without engaging in governance. Power User An active user who provides liquidity and simultaneously locks JUICE tokens to direct higher emission rates to their specific Vault, maximizing their overall APY. Governance Participant A user who locks JUICE tokens to influence protocol emissions and earns yield exclusively from external bribes (incentives), without exposure to market-making risks.