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Platform

Boardroom

  • Epoch duration: 6 hours
  • Deposits / Withdrawal of BONE into/from Boardroom will lock BONE for 8 (48 hours) epochs and DOGGY rewards for w epochs.
  • DOGGY rewards claim will lock staked BONE for 8 epochs and the next BONE rewards can only be claimed 2 epochs later
  • Distribution of DOGGY during Expansion
    100% as Reward for Boardroom DOGGY Stakers
  • Epoch Expansion: Current expansion cap base on DOGGY supply, if there are bonds to be redeemed, 65% of minted DOGGY goes to treasury until its sufficiently full to meet bond redemption. If there is no debt it will follow max capped expansion rate
  • There is 2% BONE deposit fee. This will be used for buy back DOGGY.

Boardroom UI Available information

Next Seigniorage indicates a countdown timer to the next epoch. (Each epoch duration lasts for 6 hours)
APR refers to the simple returns in USD value relative to the amount of BONE staked (USD value). Note: APR fluctuates from time to time and is dependent on certain factors such as:
  • Price of DOGGY
  • Price of BONE
  • Amount of BONE staked in Boardroom (Locked Value)

Boardroom on Contraction Periods

Boardroom will not mint any DOGGY (NO REWARDS ON BOARDROOM) while TWAP < 1.01

Boardroom on Debt Phase

Debt Phase take place on the expansion epochs that start after a contraction period where there are still DBOND to be redeemed.
65% of Expansion during Debt Phase is allocated to the Treasury Fund to prepare for the DBOND Redemption. This amount is still reserved whether or not DBOND holders are redeeming bonds or not.
Once DOGGY in treasury is sufficiently full to meet all circulating bond redemption, expansion rates will resume to normal.

Farms (Shares)

Stake your LP to earn BONE tokens
Shares Pools (Shares Reward) available for 12 months:
  • DOGGY-DOGE LP: 25000 Shares
  • DOGGY-WBNB LP: 20000 Shares

Bond (Bonds)

DBOND (bond tokens) are available for purchase when DOGGY falls below the 1 DOGE peg. If DOGGY's TWAP is between 1.00 and 1.01, neither DBOND nor DOGGY will be issued.
e.g. if DOGGY's TWAP < 1, exchange DOGGY for DBOND will be in a 1:1 ratio.
DBOND (bond tokens) are available for redemption when DOGGY goes above the 1 DOGE peg.
To encourage redemption of DOGGY for DBOND when DOGGY TWAP > 1.1 and incentivize users to redeem at a higher price, DBOND redemption will be more profitable with a higher DOGGY TWAP value, of which DBOND to DOGGY ratio will be 1:R, where R can be calculated in the formula as shown below:
R=1+[(DOGGY​twapprice)−1)∗coeff)]