Platform Overview
Dividend(Boardroom)
Epoch duration: 6 hours Deposits / Withdrawal of CPSHARE into the Boardroom will lock CPSHARE for 4 epochs (24hrs) and CPM rewards for 2 epochs (12hrs).
The above is the same for CPM rewards claiming, this will lock staked CPSHARE for 4 epochs (24hrs) and the next CPM rewards can only be claimed after 2 epochs (12hrs).
Launch Time: 1AM UTC, Mar 26, 2022
Distribution of CPM during Expansion
80% as Reward for CPShare stakers 15% goes to DAO fund 5% goes to DEV fund Epoch Expansion: Current expansion cap base on CPM supply, if there are bonds to be redeemed, 65% of minted CPM goes to treasury until it’s sufficiently full to meet bond redemption. If there is no debt it will follow max capped expansion rate.
CPSHARE UI Information
Next Epoch indicates a countdown timer to the next calculation of seigniorage. (Each epoch duration lasts for 6 hours)
APR refers to the simple returns in USD value relative to the amount of CPShare staked (USD value).
Note: APR fluctuates from time to time and is dependent on certain factors such as: Price of CPM Price of CPShare Amount of CPShare staked in Dividend
Dividend on Contraction Periods
The Dividend will not mint any CPM while TWAP < 1.01
Dividend on Debt Phase
Debt Phase takes place on the expansion epochs that start after a contraction period where there are still CPBONDs to be redeemed.
65% of Expansion during Debt Phase is allocated to the Treasury Fund to prepare for the CPBOND Redemption. This amount is still reserved whether or not CPBOND holders are redeeming bonds or not. Once CPM in treasury is sufficiently full to meet all circulating bond redemption, expansion rates will resume to normal.
CPBOND emitted per epoch during contraction periods can be found on Regulations.
Shares Pools (Earn)
Stake your LP to earn CPShare tokens
Shares Pools (Shares Reward) available for 12 months:
CPM-USDC LP: 16400 CPSHARE CPSHARE-USDC LP: 24600 CPSHARE
Launch Time: 1AM UTC, Mar 25,2022
Bonds
CPBONDs are available for purchase when CPM falls below the peg. If CPM's TWAP is between 1.00 and 1.01, neither CPBOND nor CPM will be issued.
e.g. if CPM's TWAP < 1, exchange CPM for CPBOND will be in a 1:1 ratio.
CPBOND are available for redemption when CPM goes above the 1 USDC peg.
To encourage redemption of CPBOND for CPM when CPM TWAP > 1.1 and incentivize users to redeem at a higher price, CPBOND redemption will be more profitable with a higher CPM TWAP value, of which CPBOND to CPM ratio will be 1:R, where R can be calculated in the formula as shown below where coeff = 0.7.
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