# SGOLD - Protocol Shares

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SGOLD are one of the ways to measure the value of the Midas Protocol and shareholder trust in its ability to maintain MIDAS close to peg. During epoch expansions the protocol mints MIDAS and distributes it proportionally to all PRINTER holders who have staked their SGOLD in the Boardroom.

SGOLD holders have DAO voting rights on proposals to improve the protocol and future use cases within the Midas Finance ecosystem.

SGOLD has a **maximum total supply of 90,000** tokens distributed as follows:

1. _DAO Allocation: 5000 SGOLD_ vested linearly 150 days
2. _Team Allocation: 5000 SGOLD_ vested linearly over 150 days
3. _Rewards: 90000 SGOLD_ are allocated for incentivizing Liquidity Providers for 1000 days
4. Initial mint: 1 SGOLD minted upon contract creation for initial pool

### **“Once $BGOLD are emitted, does the Boardroom** **stop printing $GOLD until we are above peg again?”**

&#x20;Staking $SGOLD will give you $GOLD rewards when the price of $GOLD is above the peg (1 GOLD : 1 FTM), but not when it is under the peg.

### **“What happens if I interact with the Boardroom** **in any way?”**

&#x20;Any interaction with the Boardroom will reset both timers. That's 3 epochs (18 hours) to withdraw your GOLD rewards, and 6 epochs to unstake your SGOLD(36 hours).

### **“Are the Boardroom** **rewards pro-rated by time? I.e if I stake three hours before the end of an epoch vs five hours before the end of an epoch, do I get different rewards?”**

No, it's determined by how much you have staked at the time of printing (i.e. end of one epoch and start of the other). It doesn't matter if you stake 3 hours before or 30 seconds before the emissions occur.

### "If I remove my $SGOLD from Mausoleum without first collecting my $GOLD , will it be lost forever?"

No, it will still be there to collect whenever you need.

### "The Boardroom APR dropped because we're in a 'debt phase.' What does this mean?"

A debt phase takes 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.

### "If we're in a debt phase, how long will it last until the Boardroom continues printing as normal?"

The debt phase will last as long as is necessary to adequately pay back outstanding $BGOLD debt. Please keep in mind that the DAO will also need to collect a little extra, as there needs to be a cushion to cover the bonuses when people redeem $BGOLD over peg.\
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There's no exact way of calculating how many epochs it takes, since we don't know exactly when people will redeem their $BGOLD. If the debt phase is ended too early, and then the treasury doesn't have enough $GOLD to repay the $BGOLD bonus, then the APR restriction would need to be turned back on.

### "At the end of the epoch, the boardroom did not print $GOLD, and then no $BGOLD was issued in the BONDS. Why?"

There is a balanced state "at peg" when $GOLD TWAP is between 1.00 and 1.01, and this means there is neither contraction nor inflation.

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