# Supply and halvings

Source: https://docs.mog.xyz/mog/supply-and-halvings/

Markdown: https://docs.mog.xyz/mog/supply-and-halvings.md

Reviewed protocol version: 6.0.1

Protocol review date: 2026-09-18

Scope: reviewed public documentation. Numerical examples use illustrative or launch settings; they are not live quotes or a guarantee of current deployed parameters. Consult the app for current market and position values.

MOG is fair-launched with zero starting supply. Realized trading losses create new MOG. Supply is uncapped, while treasury growth and paid-fee milestones reduce the reward rate.

## Halvings follow trading activity

The base reward rate halves at **100,000 USDG in lifetime paid trading fees**, then each time that total triples: 300,000, 900,000, and so on.

Each milestone halves the rate

The maximum base rate falls from 200 to 100 MOG at 100,000 USDG of paid fees, to 50 at 300,000, and to 25 at 900,000.

Launch rate at zero equity: `200 × 2^(-n)` MOG per realized loss dollar. n counts reached lifetime paid profit-fee milestones, starting at 100,000 USDG and tripling each time. Open fees do not count. These examples exclude claim boosts and team issuance.

| Lifetime paid profit fees (USDG) | Halvings reached | Base MOG per loss dollar at zero equity |
| -------------------------------- | ---------------- | --------------------------------------- |
| 0                                | 0                | 200                                     |
| 100,000                          | 1                | 100                                     |
| 300,000                          | 2                | 50                                      |
| 900,000                          | 3                | 25                                      |

Base rate at zero equity. Claim boosts and team issuance are additional.

Reached milestones stay in effect if treasury equity falls. The [equity curve and claim boost](https://docs.mog.xyz/mog/earning-mog/) also affect rewards.

## When fees count

A profit fee counts once its recipient has received a cash-backed balance they can withdraw. Fees waiting to be paid count later. [Open fees](https://docs.mog.xyz/trading/fees/) never count. A settlement round keeps the reward settings from its start.

## Initial team allocation

For the first 730 days, an additional 10% of trader rewards accrues to the team. Each recipient mints their share by claiming it, and claims stay open after the window. The accrual ends after the window; trader rewards continue.

Governance sets the recipients and their shares. An empty recipient list forfeits the allocation, and a recipient removed from the list forfeits any unclaimed share. See [Governance risks](https://docs.mog.xyz/risk/#governance).