🪧Boardroom

Boardroom

• Epoch duration: 6 hours

• Deposits / Withdrawal of DREAM into/from Boardroom will lock DREAM for 6 epochs and HOPE rewards for 3 epochs.

• HOPE rewards claim will lock staked DREAM for 6 epochs and the next HOPE rewards can only be claimed 3 epochs later

• Distribution of HOPE during Expansion

  80% as Reward for Boardroom DREAM Stakers 18% goes to DAO fund

  2% goes to DEV fund

• Epoch Expansion: The current expansion cap is based on HOPE supply, if there are bonds to be redeemed, 65% of minted HOPE goes to the Treasury until it's 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 DREAM staked (USD value). Note: APR fluctuates from time to time and is dependent on certain factors such as:

• Price of HOPE

• Price of DREAM

• Amount of DREAM staked in Boardroom (Locked Value)

Boardroom on Contraction Periods

Boardroom will not mint any HOPE (NO REWARDS ON Boardroom) while TWAP < 1.01

Boardroom on Debt Phase

The debt phase occurs during expansion epochs that follow a contraction period in which there are still WISHes to be redeemed.

65% of expansion during the debt phase is allocated to the Treasury Fund to prepare for the WISH Redemption. This amount is still reserved whether or not WISH holders are redeeming bonds or not.

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