Shop(Boardroom)

• Epoch duration: 6 hours

• Deposits / Withdrawal of BUT into/from Boardroom will lock BUT for 6 epochs and IF rewards for 3 epochs.

• IF rewards claim will lock staked BUT for 6 epochs and the next IF rewards can only be claimed 3 epochs later

• Distribution of IF during Expansion 80% as Reward for $BUT stakers. 15% goes to DAO fund 5% goes to DEV fund

• Epoch Expansion: Current expansion cap base on IF supply, if there are bonds to be redeemed, 65% of minted IF goes to treasury until its sufficient to fully 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 BUT staked (USD value). Note: APR fluctuates from time to time and is dependent on certain factors such as:

• Price of IF

• Price of BUT

• Amount of BUT staked in Boardroom (Locked Value)

Boardroom on Contraction Periods

Boardroom will not mint any IF 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 $BUTs to be redeemed.

65% of Expansion during Debt Phase is allocated to the Treasury Fund to prepare for the $BUT's redemption. This amount is still reserved if whether SO(Bond)s holders redeem or not .

Once $IF in treasury is sufficiently full to meet all circulating bond redemption, expansion rates will resume to normal.

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