Doge Club Finance


DOGGY - Doggy Club Token

DOGGY token is designed to be used as a medium of exchange. The built-in stability mechanism in the protocol aims to maintain DOGGY's peg to 1 DOGE token in the long run.
Note that DOGGY actively pegs via the algorithm, it does not mean it will be valued at 1 DOGE all times as it is not collaterized. DOGGY is not to be confused for a crypto or fiat-backed stablecoin.

BONE - Doggy Club Share Token

Doggy Club Shares ($BONE) are one of the ways to measure the value of the Protocol and shareholder trust in its ability to maintain DOGGY close to peg. During epoch expansions the protocol mints DOGGY and distributes it proportionally to all DOGGY holders who have staked their tokens in the Boardroom.
BONE has a maximum total supply of 50000 tokens distributed as follows:
  1. 1.
    Team Allocation: 4950 BONE vested linearly 365 days
  2. 2.
    Remaining 50000 BONE are allocated for incentivizing Liquidity Providers in BONE reward pools for 12 months
  3. 3.
    50 BONE be minted for initial liquidity

DBOND - Doge Club Bonds Token

DBOND main job is to help incentivize changes in DBOND supply during an epoch contraction period. When the TWAP (Time Weighted Average Price) of DOGGY falls below 1 DOGE, DBOND are issued and can be bought with DOGGY at the current price. Exchanging DOGGY for DBOND burns DOGGY tokens, taking them out of circulation (deflation) and helping to get the price back up to 1 DOGE. These DBOND can be redeemed for DOGGY when the price is above peg in the future, plus an extra incentive for the longer they are held above peg. This amounts to inflation and sell pressure for DOGGY when it is above peg, helping to push it back toward 1 DOGE.
Contrary to early algorithmic protocols, DBOND do not have expiration dates.
All holders are able to redeem their DBOND for DOGGY tokens as long as the Treasury has a positive DOGGY balance, which typically happens when the protocol is in epoch expansion periods.