🖨️Boardroom

Stake SLOW to earn LOW inflation when the network expands.

Overview

Epoch Duration

6 hours.

Time Lock

2% Deposit Fee applied. Please refer to Tax Systemfor more details.

• Deposit / Withdrawal of SLOW into/from the Boardroom will lock staked SLOW for 6 / 3 epochs and rewarded LOW for 1 epoch.

• LOW rewards claim will lock staked SLOW for another 6 epochs and the next LOW rewards can only be withdrawn after 3 epochs.

• Any time tokens are harvested / deposited / or withdrawn, the lockup timer gets reset.

Distribution

Distribution of LOW during Epoch Expansion:

65% as Rewards for SLOW Stakers in Boardroom

30% goes to DAO Treasury

5% goes to Dev Allocation

Epoch Expansion

Current expansion cap is based on LOW's supply.

If there are bonds to be redeemed, 65% of minted LOW goes to Treasury until it's sufficiently full to meet bond redemption. If there is no debt (BLOW), it will follow maximum capped expansion %.

Will LOW emission stop when SLOW circulating supply = SLOW total supply?

No, SLOW will still print LOW in Boardroom as long as LOW is above the peg.

Once BLOWs are emitted, does the Boardroom stop printing LOW until we are back above the peg?

In Boardroom, staking SLOW will give you LOW rewards ONLY when the price of LOW is above the peg (1 LOW > 1 CRO).

What happens if I interact with the Boardroom in any way?

Any interaction with the Boardoom will reset the timers. That is 3 epochs (18 hours) to withdraw your LOW rewards and 6 epochs (36 hours) to unstake your SLOW.

Are the Staking Reward (SLOW) pro-rated by time?

No, it's determined by how much you have staked at the time of printing. It doesn't matter if you stake 3 hours before or 30 seconds before the emissions occur.

How to figure out what my future LOW rewards will be from the Boardroom?

Simplified example for a non-debt phase:

Let's say you have 1 SLOW staked out of 10 total SLOWs staked in Boardroom, so you will get 10% of the total SLOW emissions.

So, for this example we are assuming that there is a total circulating supply of 10,000 LOW, the current expansion rate is at 4%, and therefore, 400 LOW will be emitted. You would get ((0.04 * 10,000) * 0.65) * (1/10) = 26 LOW.

Recap of LOW Distribution in Boardroom:

65% of printed LOW goes to SLOW Stakers 30% goes to DAO Treasury 5% goes to Dev Allocation

Formula to calculate LOW Rewards is shown below:

((Expansion % x CirculatingLOWSupply) x 0.65) x (YourSLOWStaked / TotalSLOWStaked)

How long will it take for SLOW to pay itself off from LOW rewards based on current prices?

This will vary constantly as the APR in the Boardroom fluctuates, along with other variables such as the price of LOW.

For a quick estimation, however, you can do the following:

1. Take the total APR shown in the Boardroom and divide that by 365 to get the daily APR. (For example, let's say the Daily APR is 5%.)


2. Multiply the Daily APR by the current market price of the total SLOW you have staked to see what your daily rewards are. For example, you have 5 SLOW, each worth $500, for a total amount staked of $2,500. Your daily return is $2,500 x 5% = $125 per day.)

3. Take your initial buy-in price for SLOW and divide it by your daily rewards. (For example, if you bought these 5 SLOW at a higher price of $700 each. In the current market condition, you will recover your initial investment of $3,500 in 3,500 / 125 = 28 days.)

If I remove my SLOW from Boardroom without first collecting my LOW, will it be lost forever?

No, it will still be there for you to collect.

The Boardroom APR dropped because we are in a 'Debt Phase.' What does this mean?

A debt phase takes place on the expansion epochs that start after a contraction period where there are still BLOW to be redeemed.

65% of expansion during Debt Phase is allocated to the Treasury to prepare for the BLOW Redemption. This amount is still reserved whether or not BLOW Holders are redeeming bonds.

Once LOW in the Treasury is sufficiently full to meet all circulating bond redemption, expansion rates will resume to normal.

How long will it last until the Boardroom continues printing as per normal during debt phase?

The Debt Phase will last as long as is necessary to adequately pay back outstanding BLOW debt. Please keep in mind that the Treasury needs to collect a little extra as there needs to be a cushion to cover the bonuses when people redeem BLOW when LOW is over the peg.

There's no exact way of calculating how many epochs it takes since we don't know exactly when people will redeem their BLOW. If the Debt Phase ended too early and the Treasury doesn't have enough LOW to repay the BLOW debt, then the APR restriction would need to be turned back on.

Why at the end of the epoch, neither LOW is printed in the Boardroom nor BLOW is issued in the Bonds Page.

There is a balanced state "at peg" when LOW's TWAP is between 1.00 and 1.01 which means there is neither contraction nor inflation (expansion).

If LOW continues climbing above the price of the peg, will that influence how long the debt epoch lasts?

Depending on the price of LOW, Boardroom printing will have to adjust to provide a buffer for any unclaimed BLOW. As the price of LOW climbs above the peg, more LOW needs to be distributed to the Treasury to account for BLOW bonus redemption.