Platform

Boardroom

  • Epoch duration: 6 hours
  • Deposits / Withdrawal of GSHARE into/from Boardroom will lock GSHARE for 6 epochs and GOLD rewards for 3 epochs.
  • GOLD rewards claim will lock staked GSHARE for 6 epochs and the next GSHARE rewards can only be claimed 3 epochs later
  • Distribution of GOLD during Expansion
    100% as Reward for Boardroom GSHARE Stakers
  • Epoch Expansion: Current expansion cap base on GOLD supply, if there are bonds to be redeemed, 65% of minted GOLD goes to treasury until its sufficiently full to meet bond redemption. If there is no debt it will follow max capped expansion rate

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

Boardroom on Contraction Periods

Boardroom will not mint any GOLD (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 GBOND to be redeemed.
65% of Expansion during 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 GOLD in treasury is sufficiently full to meet all circulating bond redemption, expansion rates will resume to normal.

Farms (Shares)

Stake your LP to earn GSHARE tokens
Shares Pools (Shares Reward) available for 12 months:
  • GOLD-AVAX LP: 27000 Shares
  • GOLD-AVAX LP: 18000 Shares

Bond (Bonds)

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