Epoch duration: 6 hours Deposits / Withdrawal of BRAIN into the Boardroom will lock BRAIN for 4 epochs (24hrs) and SKULL rewards for 2 epochs (12hrs).
The above is the same for SKULL rewards claiming, this will lock staked BRAIN for 4 epochs (24hrs) and the next SKULL rewards can only be claimed after 2 epochs (12hrs).
80% as Reward for Brainry BRAIN stakers 15% goes to DAO fund 5% goes to DEV fund Epoch Expansion: Current expansion cap base on SKULL supply, if there are bonds to be redeemed, 65% of minted SKULL goes to treasury until it’s sufficiently full to meet bond redemption. If there is no debt it will follow max capped expansion rate.
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 BRAIN staked (USD value).
Note: APR fluctuates from time to time and is dependent on certain factors such as:
- Price of SKULL
- Price of BRAIN
- Amount of BRAIN staked in Brainry (Locked Value)
Brainry will not mint any SKULL (NO REWARDS ON Brainry) while TWAP < 1.01
Debt Phase takes place on the expansion epochs that start after a contraction period where there are still SBOND to be redeemed.
65% of Expansion during the Debt Phase is allocated to the Treasury Fund to prepare for the SBOND Redemption. This amount is still reserved whether or not SBOND holders are redeeming bonds or not.Once SKULL in treasury is sufficiently full to meet all circulating bond redemption, expansion rates will resume to normal.SBOND emitted per epoch during contraction periods can be found on Regulations.Stake your LP to earn BRAIN tokens.Shares Pools (Shares Reward) available for 6 months:
- SKULL-MIM LP: 50%
- BRAIN-MIM LP: 40%
- SKULL-BRAIN LP 10%
SBOND (bond tokens) are available for purchase when SKULL falls below the peg. If SKULL's TWAP is between 1.00 and 1.01, neither SBOND nor SKULL will be issued.
e.g. if SKULL TWAP < 1, exchange SKULL for SBOND will be in a 1:1 ratio.
SBOND (bond tokens) are available for redemption when SKULL goes above the 0.1 AVAX peg.
To encourage the redemption of SBOND for SKULL when SKULL TWAP > 1.1 and incentivize users to redeem at a higher price, SBOND redemption will be more profitable with a higher SKULL TWAP value, of which SBOND to SKULL ratio will be 1:R, where R can be calculated in the formula as shown below where coeff = 0.7.