Expansion

Boardroom

Boardroom starts on Sunday, 1 May 2022 15:00:00 UTC

• Epoch duration: 6 hours

• Deposits/Withdrawals of OSHARE into/from the Boardroom will lock OSHARE for 6 epochs and ONYX rewards for 3 epochs

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

• Distribution of ONYX during expansion

70% as rewards for Boardroom OSHARE stakers

15% goes to DAO fund

15% goes to DEV fund

Note:

Epoch expansion: Current expansion cap based on ONYX supply, if there are bonds to be redeemed, 65% of minted P goes to Treasury until it is sufficiently full to meet bond redemption. If there is no debt, it will follow max capped expansion rate.

Sanctuary UI available information

Next Seigniorage indicates a countdown timer to the next epoch. (Each epoch is 6 hours)

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

• Price of $ONYX

• Price of $OSHARE

• Amount of $OSHARE staked in Boardroom (Locked value)

Boardroom on Contraction periods

Boardroom will not mint any $ONYX (NO rewards from Boardroom) when TWAP < 1.01.

Boardroom on Debt phase

Debt Phase takes place on the expansion epochs that start after a contraction period where there is still OBOND to be redeemed.

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

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

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

FARM

Stake your LPs to earn OSHARE tokens.

Share Pools (Share Rewards) available for 12 months:

$ONYX -$WCRO LP POOL $OSHARE -$WCRO LP POOL