Tokenomics
DegenHive introduces a dual-token economy designed to facilitate governance and drive adoption of its HiveProfile objects driven identity framework.
The two core tokens are:
HIVE: The governance token and primary social currency, essential for participation in protocol governance and facilitating transactions within the ecosystem. Its deflationary nature ensures scarcity over time.
BEE: A meme-inspired token with a 3% burn tax on every transfer.
To ensure a sustainable economic model that benefits all participants, the protocol integrates key DeFi primitives such as liquid staking and AMM pools (PCL stableswap, weighted). These mechanisms help capture value generated by the social graph and redistribute it among users via "Lock and burn" model.
Honey-Stream Auctions and the Lock-and-Burn Model
Just like Bee colonies which farm honey as a food source that sustains the colony through winter and periods of adverse weather, DegenHive employs a honey stream powered "Lock-and-Burn" mechanics designed to onboard new creators, where the revenue generated by the protocol (in SUI or MOVE) is streamed into our BEE and HIVE AMM pools. Here, liquidity is perpetually locked, which should prove invaluable during harsh market conditions, providing a steady foundation for our community.
DegenHive will be deployed as self-governed instances on both Sui network and Movement's M2 chain, with HIVE and BEE tokens bridged across instances on a 1:1 basis, with honey streams operating as following on both instances -
On Sui Network: SUI earned as protocol earnings streamed to SUI-HIVE, SUI-BEE and SUI-degenSUI AMM pools
On Movement M2: MOVE earned as protocol earnings streamed to MOVE-HIVE, MOVE-BEE and PCL AMM pools
LP tokens minted against liquidity addition are burnt, perpetually locking liquidity in these pools. This continuously increases liquidity depth in these pools, reducing the need for external incentives and ensuring efficient token trading.
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