🖨️BOARDROOM
The Boardroom can be thought of as locked single staking. You are locking supply of the governance token $WHALE for a piece of each expansion epoch as a share provider.
BOARDROOM GOES ACTIVE ON 20/01 6PM UTC (after 1 day of farms live. To get initial $WHALE in supply to be staked in Boardroom)
Atlantis BoardRoom Mechanics
Epoch duration: 6 hours
Deposits/withdrawal of $WHALE into/from the boardroom will lock $WHALE for 6 epochs and $ETH rewards for 2 epochs. Claiming $AETH rewards will lock staked $WHALE for 6 epochs and the next $AETH rewards can only be claimed 2 epochs later.
There is a 0% tax fee per stake.
Note: APR fluctuates from time to time and is dependent on certain factors such as: - Price of AETH - Price of WHALE - Amount of WHALE staked in Boardroom (Locked Value)
Distribution of AETH
We have changed the normal model of distribution of AETH through the Boardroom per epoch. We have made these changes to give a heavier allocation to the DAO and insurance fund (which will be dedicated from the DAO to deploy in circumstances where we are below peg). 70% as Reward for Boardroom WHALE Stakers 15% goes to DAO fund 15% goes to DEV fund
Dynamic Inflation
Atlantis Finance has dynamic inflation of AETH in the boardroom. We have a sliding scale based on TWAP for inflation percentage per epoch. At 1.01 TWAP we will inflate at 1%, and at 3.0 TWAP or more ($AETH at 3x peg or more) we will reach max expansion which can be viewed in the table below. It will increase and decreased based on TWAP(e.g. at TWAP 1.5 with max expansion at the time set to 3% we will see a print of 1.5%).
This dynamic inflation based on the TWAP was introduced because as is current in standard forks no matter what the TWAP is as long as it is above 1.01 it will print max expansion. The reason we have chosen to taper it is to control inflation on the front end with burn mechanics being implemented on the back end with other features to ensure we can reach an equilibrium daily of inflated supply to burnt supply.
This will come at a cost of lower Boardroom APR at some points but will heavily increase our chances at stability in the ecosystem.
It is important to know this feature and its current impact on the ecosystem will be monitored by the team and may be edited at any time to properly incentivize good behavior in Atlantis Finance.
Below is a table of the expansion rate vs how many $AETH are in total supply
Orientation to Boardroom Staking
Epoch number refers to the current epoch in which ATLANTIS FINANCE protocol is in.
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 LP staked (USD value)
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