ION farming will start automatically for all members of the PNT Node Pool by the end of May. As a dual purpose token, ION gives both governance power and additional reward claim in the Peerion DAO.

The Peerion DAO is responsible for managing ION Token issuance, governing existing Pools, and deciding on future initiatives and improvements. Peerion DAO takes a 10% fee on all Node/Validator Pool rewards. Part of that fee goes to cover overhead costs, while the remaining amount goes into the Peerion DAO Vault.

When ION Tokens are farmed in the PNT Node Pool, members of the Pool can stake the farmed ION back into the Peerion DAO. Once the ION is staked back into the Peerion DAO, the PNT Node Pool members also becomes Peerion DAO members. This enables proportional governance power and claim to Peerion’s collected fees.

As other Pools are added to the Peerion ecosystem, like the recently deployed xDai Validator STAKE Pool, reward fees will be collected from them as well and added into the Peerion DAO. This means that PNT Node Pool members who stake their ION back into the Peerion DAO, will also earn STAKE Pool reward fees, plus Pool reward fees from all other future Pools that are added into the Peerion ecosystem, on top of all native pool rewards.

As a PNT Node Pool member, you can expect to earn the following rewards:

• pNetwork DAO staking rewards (42%-21% APY)
• pNetwork peg-out node fees (0.25%)
• pNetwork cross-chain NFT Fees (0.05%/$5)
• ION Farming rewards (100%+ APY)
• Peerion DAO protocol fees (various Peerion Pool assets)
• Peerion DAO staking rewards (~50% APY)

An ION/xDai liquidity pool and UNI-V2 farm has been created for ION Tokens that gives ION holders an opportunity to also earn LP rewards (tx fees) and 200%+ APY in UNI-V2 farming rewards.

The launch of Peerion DAO and ION Tokens is a strategy implemented to connect all Peerion Pools together, give all participants exposure to a variety of asset rewards, and enable decentralized governance power over Peerion.