Platform

Boardroom

Epoch duration: 6 hours

Deposits/withdrawals of $RNA into boardroom will lock $RNA for 6 epochs and $DNA rewards for 3 epochs.

$DNA rewards claim will lock staked $RNA for 6 epochs and the next $DNA rewards can only be claimed 3 epochs later.

Distribution of $DNA during Expansion:

• 80% as reward for Nursery $RNA stakers.

• 15% goes to DAO fund.

• 5% goes to dev fund.

Epoch Expansion: Current expansion cap base on $DNA supply, if there are bonds to be redeemed, 65% of minted $DNA goes to the treasury until it is sufficiently full to meet bond redemption. If there is no debt it will follow max capped expansion rate.

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 $RNA staked ($USD value).

Note: APR fluctuates from time to time and is dependent on certain factors such as:

• Price of $DNA.

• Price of $RNA.

• Amount of $RNA staked in Nursery.

Boardroom on Contraction Periods

The boardroom will not mint any $DNA (no rewards) while TWAP < 1.01. Boardroom on Debt Phase

Debt phase take place on the expansion epochs that start after a contraction period where there are still $BNAs to be redeemed.

65% of expansion during debt phase is allocated to the treasury fund to prepare for the $BNA redemption. This amount is still reserved whether or not $BNA holders are redeeming bonds or not. Once the $DNA in the treasury is sufficiently full to meet all circulating bond redemption, expansion rates will resume to normal.

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

Shares

Stake your LP to earn $BNAtokens

Shares pools (shares reward) available for 12 months

Bonds

$BNA (bond tokens) are available for purchase when $DNA falls below the peg. If $DNA’s TWAP is between 1.00 and 1.01, neither $BNA nor $DNA will be issued.

For example, if $DNA's TWAP < 1, exchange DNA for BNA will be in a 1:1 ratio.

$BNA (bond tokens) are available for redemption when $DNA goes above the 1 $USDC peg.

To encourage redemption of $BNA for $DNAwhen $DNA TWAP > 1.1 and incentivise users to redeem at a higher price, $BNA redemption will be more profitable with a higher $DNA TWAP value, of which $BNA to $DNA ratio will be 1:R, where R can be calculated in the formula as shown below:

R = 1 + [ ($DNA (​TWAP price) − 1 ) ∗ coeff)] Where coeff = 0.7