Platform
Boardroom
Epoch duration: 6 hours
Deposits / Withdrawal of GSHARE into/from Boardroom will lock GSHARE for 6 epochs and GAUR rewards for 3 epochs
GAUR rewards claim will lock staked GSHARE for 6 epochs and the next GAUR rewards can only be claimed 3 epochs later
Distribution of GAUR during Expansion
80% as reward for Boardroom GSHARE Stakers 15% goes to DAO fund 5% goes to Dev fund
Epoch Expansion: Current expansion cap base on GAUR supply, if there are bonds to be redeemed, 65% of minted GAUR goes to treasury until its sufficiently full to meet bond redemption. If there is no debt it will follow max capped expansion rate
9000 GAUR are allocated to eligible users from Gaur v1 as part of compensation and in proportion to their original holdings. Distribution is done a single time on the 30/01 at 15:00 UTC and is claimed at https://gaur.money/compensation
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 GAUR
Price of GSHARE
Amount of GSHARE staked in Boardroom (Locked Value)
Boardroom on Contraction Periods
Boardroom will not mint any GAUR (NO REWARDS ON BOARDROOM) while TWAP < 1.01
Boardroom on Debt Phase
Debt Phase takes place on the expansion epochs that start after a contraction period where there are still GBonds 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 GAUR in treasury is sufficiently full to meet all circulating bond redemption, expansion rates will resume to normal.
GBOND emitted per epoch during contraction periods can be found on Regulations.
Farms (Shares)
Stake your LP tokens to earn GSHARE
GShare pools (Shares Reward) available for 12 months:
GAUR-ETH LP: 35500 Shares
GSHARE-CRO LP: 24000 Shares
GBonds
GBOND (bond tokens) are available for purchase when GAUR falls below the 1 ETH peg. If GAUR TWAP is between 1.00 and 1.01, neither GBOND nor GAUR will be issued.
e.g. if GAUR's TWAP < 1, exchange GAUR for GBOND will be in a 1:1 ratio.
GBOND (bond tokens) are available for redemption when GAUR goes above the 1 ETH peg.
To encourage redemption of GBOND for GAUR when GAUR TWAP > 1.1 and incentivize users to redeem at a higher price, GBOND redemption will be more profitable with a higher GAUR TWAP value, of which GBOND to GAUR ratio will be 1:R, where R can be calculated in the formula as shown below:
R=1+[(GAUR(twapprice)−1)∗coeff)]
Where coeff = 0.7
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