OWL address: 0x5C2dA48241d3bE9626dd0c48081c76DBb6D1046E
OWL token is designed to be used as a medium of exchange. The built-in stability mechanism in the protocol aims to maintain Athena's peg to 1 Moonriver (MOVR) token in the long run.
Note that OWL actively pegs via the algorithm, it does not mean it will be valued at 1 MOVR all times as it is not collaterized . OWL is not to be confused for a crypto or fiat-backed stablecoin.
OShare address: 0xBEcc61601c59d5aFFFE750D201eC98CdC70DB796
OWL Shares (OSHARE) are one of the ways to measure the value of the OWL Protocol and shareholder trust in its ability to maintain OWLclose to peg. During epoch expansions the protocol mints ATH and distributes it proportionally to all ASHARE holders who have staked their tokens in the Senate.
OSHARE holders have voting rights (governance) on proposals to improve the protocol and future use cases within the Athena finance ecosystem.
OSHARE has a maximum total supply of 70000 tokens distributed as follows:
  1. 1.
    DAO Allocation: 5500 OSHARE vested linearly 12 months
  2. 2.
    Team Allocation: 5000 OSHARE vested linearly over 12 months
  3. 3.
    Remaining 59500 OSHARE are allocated for incentivizing Liquidity Providers in two shares pools for 12 months


OBond address: 0xA769B20ec2Fee3E4D936B815CF21c2189f408d86
OWL Bonds (OBOND) main job is to help incentivize changes in OWL supply during an epoch contraction period. When the TWAP (Time Weighted Average Price) of OWL falls below 1 MOVR, OBONDs are issued and can be bought with OWL at the current price. Exchanging OWL for OBOND burns ATH tokens, taking them out of circulation (deflation) and helping to get the price back up to 1 MOVR. These OBOND can be redeemed for OWL 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 OWL when it is above peg, helping to push it back toward 1 MOVR.
Contrary to early algorithmic protocols, OBONDs do not have expiration dates.
All holders are able to redeem their OBOND for OWL tokens as long as the Treasury has a positive OWL balance, which typically happens when the protocol is in epoch expansion periods.
Last modified 1yr ago