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Platform

Boardroom (The reward will be ARB)

  • You will receive aSEED -> mARB -> ARB
  • Epoch duration: 6 hours.
  • Stake of PLANT into Boardroom will lock PLANT for 8 epochs (48 hours).
  • Reward lockup 4 epoch. However, every time a user claims rewards or stakes more funds, the unstake lockup will be reset to 8 epochs (48 hours).
  • You can not claim rewards during contraction or upcoming contraction phase.
  • During the expansion phase (SEED TWAP >= 1.001 USDC): Up to 2.0% / 4.0% supply is minted and distributed:
50% to Boardroom
45% to DAO Fund
5% to Marketing Fund
Expansion rate based on SEED supply:
1,000,000 or less: 3.5% Cir.Supply
After 1,000,000: For each and every 25% increase in Cir.Supply of SEED after 1,000,000 the max expansion rate will be reduced by 2% (See table below for detailed information)

Orientation to Boardroom Staking

Epoch number refers to the current epoch in which ToxicGarden protocol is in.
  1. 1.
    Next Seigniorage indicates a countdown timer to the next epoch. (Each epoch duration lasts for 6 hours)
  2. 2.
    APR refers to the simple returns in USD value relative to the amount of PLANT staked (USD value)
Note: APR fluctuates from time to time and is dependent on certain factors such as: - Price of SEED - Price of ARB - Amount of PLANT staked in Boardroom (Locked Value)

Boardroom on Contraction Periods

Boardroom will not mint any aSEED (NO REWARDS ON BOARDROOM) while TWAP < 1 USDC

Bonds

XDBOND (bond tokens) are available for purchase when DEER falls below the 1 USDC peg. For starters, the exchange rate for DEER to XDBOND is 1:1.
Every new epoch on contraction periods, XDBOND are issued in the amount of 3% of current DEER circulating supply.
XDBOND are available for redemption when DEER goes above the 1 USDC peg.
To encourage redemption of XDBOND for DEER when DEER TWAP > 1.1 and incentivize users to redeem at a higher price, XDBOND redemption will be more profitable with a higher DEER TWAP value, of which XDBOND to DEER ratio will be 1:R, where R can be calculated in the formula as shown below:
R=1+[(DEER(twapprice)1)coeff]R = 1+[(DEER(twapprice)-1)*coeff]
Where coeff = 0.7
Example:
  1. 1.
    When DEER = 0.8, burn 1 DEER to get 1 XDBOND (XDBOND price = 0.8)
  2. 2.
    When DEER = 1.15, redeem 1 XDBOND to get 1.105 DEER (XDBOND price = 1.27)
Contrary to early algorithmic protocols, XDBOND do not have expiration dates and this greatly reduces the risk for bond buyers
XDBOND TWAP (time-weighted average price) is based on DEER price TWAP from the Previous Epoch as it Ends. This means that DEER TWAP is real-time and XDBOND TWAP is not.