> For the complete documentation index, see [llms.txt](https://keller-finance.gitbook.io/documents/llms.txt). Markdown versions of documentation pages are available by appending `.md` to page URLs; this page is available as [Markdown](https://keller-finance.gitbook.io/documents/protocol-overview/tokenomics/emission-schedule.md).

# Emission Schedule

The initial supply of `$KELL` is 700,000.

Weekly emissions start at 14,250`$KELL` (2.04% of the initial supply) and decay at 4.75% per week (epoch).

A total of 300,000 `$KELL` will be emitted.

`$veKELL` holders receive a rebase proportional to epoch LP emissions and the ratio of `$veKELL` to `$KELL` supply, thus reducing vote power dilution for `$veKELL.`

The weekly rebase amount is calculated with the following formula:

> `(veKELL.totalSupply ÷ KELL.totalsupply)³ × 0.5 × Emissions`

`$veKELL` supply and rebase do not affect weekly LP emissions.

<figure><img src="https://2535614125-files.gitbook.io/~/files/v0/b/gitbook-x-prod.appspot.com/o/spaces%2FUopD7KJgMgVumROXCZ8a%2Fuploads%2FUkt1NeGeE6FhQDVX484O%2FToken%20Supply.png?alt=media&amp;token=6200e9f8-78a0-4888-84cc-e20bee7ff889" alt=""><figcaption></figcaption></figure>