# Phase 1 - Boosted Emission Phase

Phase 1 represents the start of Provident Capital's aim of being the anchor money market on HeLa chain. During this phase, core functions of lending and borrowing will be functioning. 

In order to incentivize users to bridge funds over to HeLa and interact with Provident Capital as well as other dapps within the HeLa ecosystem, emission of ***Provident (PVD)*** will be boosted to reward early users of the dapp. 

## Details of Boosted Emission Phase

* Number of Tokens: 5 % of total supply
* Duration of Phase 1: 3 months

During this phase, ***PVD*** earned will be locked and subjected to a 12 months linear vesting schedule, from the start of [**Phase 2**](/provident-capital/protocol-information/phase-2-token-generation-event.md)**.** This is to prevent aggressive selling of tokens at TGE and also to allow for HeLa's ecosystem to mature.

{% hint style="info" %}
User A accrued 3650 ***PVD*** tokens by actively participating in lending and borrowing. User A will be able to claim them upon Phase 2 (TGE), where User A will receive \~10 ***PVD*** daily, for 12 months.
{% endhint %}

{% hint style="warning" %}
**PVD** cannot be traded during Phase 1
{% endhint %}


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