Platform

Boardroom

• Epoch duration: 2 hours

• Deposits / Withdrawal of SGOLD into/from Boardroom will lock SGOLD for 4 epochs (8 hours) and GOLD rewards for 2 epochs (

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

• Distribution of GOLD during Expansion

  80% as Reward for Boardroom SGOLD Stakers 15% goes to DAO fund

  5% goes to DEV fund

Boardroom UI Available information

Next Seigniorage indicates a countdown timer to the next epoch. (Each epoch duration lasts for 2 hours)

APR refers to the simple returns in USD value relative to the amount of SGOLD staked (USD value). Note: APR fluctuates from time to time and is dependent on certain factors such as:

• Price of GOLD

• Price of SGOLD

• Amount of SGOLD 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 BGOLD to be redeemed.

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

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

Farms

Stake your LP to earn SGOLD tokens

Bonds

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

e.g. if GOLD TWAP < 1, exchange GOLD for BGOLD will be in a 1:1 ratio.

BGOLD (bond tokens) are available for redemption when GOLD goes above the 1 FTM peg.

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

R=1+[(GOLD(​twapprice)−1)∗0.7)]