DCR · a decade of deterministic hybrid emission, governed on-chain.
DCR is the native asset of Decred, a hybrid PoW/PoS chain running since 2016 — ~21M hard cap, ~17.48M circulating (~83% issued).
Sell pressure. Block subsidy only — ~5.58 DCR/block, about 0.14M DCR / 90D. The subsidy steps down 1% every ~21 days.
Buy pressure. No buyback, no fee burn, no foundation buy — zero structural absorption.
Net. Pure subsidy issuance at face value — new supply to market is ~+0.83% over 90 days, easing slightly as the reward decays.
Hybrid PoW/PoS block subsidy of ~5.58 DCR per block at ~5-minute blocks ≈ 1,606 DCR/day ≈ 145K DCR / 90D. The subsidy steps down by 1% every 6,144 blocks (~21 days), so two small cuts land inside the window. Splits 1% PoW / 89% staker votes / 10% Treasury — all of it new issuance.
The 1.68M DCR premine (8% of supply: 4% dev fund + 4% airdrop) was fully distributed at the Feb 2016 launch. No investor cohort, no cliff, no vesting schedule ever existed.
No foundation or team unlock. The only team/DAO-controlled overhang is the on-chain Treasury (~786K–867K DCR, fed by the 10% subsidy slice already counted in Sell #1). DCP-0013 caps spend at 4% per month via Politeia DAO votes — outflows would be funding, not new supply.
No bankruptcy estate distributes DCR.
No protocol buyback. The Treasury funds development through DAO votes, not market buys.
Transaction fees flow to PoW miners and PoS voters as part of the reward — nothing is destroyed.
No accumulation programme buys DCR from the market.
PoS staking locks DCR in time-locked tickets, but tickets continuously mature and the supply they hold is already circulating — no net new lock removes supply.
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