🤖PROTOCOL

BOARDROOM

· Epoch duration: 6 hours

· Deposits/withdrawals of BSHARE into/from the Boardroom will lock BSHARE for 6 epochs and BFIRE rewards for 3 epochs

· BFFIRE rewards claim will lock staked BSHARE for 6 epochs and the next BFIRE rewards can only be claimed 3 epochs later

· Distribution of BFIRE during expansion

1. Epoch expansion: Current expansion cap based on BFIRE supply, if there are bonds to be redeemed, 65% of minted P goes to Treasury until it is sufficiently full to meet bond redemption. If there is no debt, it will follow max capped expansion rate

Sanctuary UI available information

Next Seigniorage indicates a countdown timer to the next epoch. (Each epoch is 6 hours)

APR refers to the simple returns in USD value relative to the amount of BSHARE staked (USD value). Note: APR fluctuates from time to time and is dependent on certain factors such as:

· Price of $BFIRE

· Price of $BSHARE

· Amount of $BSHARE staked in Boardroom (Locked value)

Boardroom on Contraction periods

The Boardroom will not mint any $BFIRE (NO rewards from Boardroom) when TWAP < 1.01

Boardroom on Debt phase

Debt Phase takes place on the expansion epochs that start after a contraction period where there is still BBOND to be redeemed.

65% of Expansion during the Debt Phase is allocated to the Treasury Fund to prepare for the BBOND Redemption. This amount is still reserved whether or not BBOND holders are redeeming bonds or not.

Once BFIRE in treasury is sufficiently full to meet all circulating bond redemption, expansion rates will resume to normal.

BBOND emitted per epoch during contraction periods can be found on Regulations.

FARM

Stake your LPs to earn BSHARE tokens

Share Pools (Share Rewards) available for 12 months:

TBD

BONDS

BBOND (bond tokens) are available for purchase when BFIRE falls below the 1 CRO peg. If BFIRE TWAP is between 1.00 and 1.01, neither BBOND nor BFIRE will be issued.

e.g. if BFIRE'S TWAP < 1, exchange BFIRE for BBOND will be in a 1:1 ratio.

BBOND (bond tokens) are available for redemption when BFIRE goes above the 1 CRO peg.

To encourage the redemption of BBOND for BFIREwhen BFIRE TWAP > 1.1 and incentivize users to redeem at a higher price, BBOND redemption will be more profitable with a higher BFIRE TWAP value, of which BBOND to BFIRE ratio will be 1:R, where R can be calculated in the formula as shown below:

R=1+[(BFIRE(​twapprice)−1)∗coeff)]

Where coeff = 0.7