PROTOCOL

BOARDROOM

· Epoch duration: 6 hours

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

· GEM rewards claim will lock staked GSHARE for 6 epochs and the next GEM rewards can only be claimed 3 epochs later

· Distribution of GEM during expansion

70% as rewards for Boardroom GSHARE stakers

15% goes to DAO fund

15% goes to DEV fund

1. Epoch expansion: Current expansion cap based on GEM supply, if there are bonds to be redeemed, 65% of minted GEM 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 GSHARE staked (USD value). Note: APR fluctuates from time to time and is dependent on certain factors such as:

· Price of $GEM

· Price of $GSHARE

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

Boardroom on Contraction periods

Boardroom will not mint any GEM (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 are still GBOND to be redeemed.

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

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

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

FARM

Stake your LPs to earn GSHARE tokens

Share Pools (Share Rewards) available for 12 months:

TBD

BONDS

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

e.g. if GEMS TWAP < 1, exchange GEM for GBOND will be in a 1:1 ratio.

GBOND (bond tokens) are available for redemption when GEM goes above the 1 ETH peg.

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

R=1+[(GEM(​twapprice)−1)∗coeff)]

Where coeff = 0.7