Platform

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  • Deposits / Withdrawal of OSHARE into/from Senate will lock OSHARE for 6 epochs and OWL rewards for 3 epochs.
  • OWL rewards claim will lock staked OSHARE for 6 epochs and the next OWL rewards can only be claimed 3 epochs later
  • Distribution of OWL during Expansion
    80% as Reward for Senate OSHARE Stakers 18% goes to DAO fund
  • Epoch Expansion: Current expansion cap base on OWL supply, if there are bonds to be redeemed, 65% of minted OWL goes to treasury until its sufficiently full to meet bond redemption. If there is no debt it will follow max capped expansion rate

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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 OSHARE staked (USD value). Note: APR fluctuates from time to time and is dependent on certain factors such as:
  • Amount of OSHARE staked in Senate (Locked Value)

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Senate will not mint any OWL (NO REWARDS ON SENATE) while AWAP < 1.01

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Debt Phase take place on the expansion epochs that start after a contraction period where there are still Obonds to be redeemed.
65% of Expansion during Debt Phase is allocated to the Treasury Fund to prepare for the OBOND Redemption. This amount is still reserved whether or not OBOND holders are redeeming bonds or not.
Once OWL in treasury is sufficiently full to meet all circulating bond redemption, expansion rates will resume to normal.
OBOND emitted per epoch during contraction periods can be found on Records.
Stake your LP to earn OSHARE tokens
Shares Pools (Shares Reward) available for 12 months:
  • OWL-MOVR LP: 35500 Shares
  • OSHARE-MOVR LP: 24000 Shares

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