Protocol Tokens

$BILLS - Soft Pegged to $BERA

Yield Strategy's algorithm is designed to maintain a soft 1:1 peg between $BILLS and $BERA over the scheduled emissions life cycle.

$BILLS actively maintains its peg through an algorithm, not through direct collateralization. As a result, its value may fluctuate and will not always be precisely 1 $BILLS = 1 $BERA at all times. However, due to our structured emissions schedule, we anticipate that $BILLS will trade at multiples above peg for an extended period.

$BILLS LP farming offers an enhanced way to yield farm $BERA, delivering unmatched high APRs. This is possible because it tracks the value of $BERA while minimizing impermanent loss—maintaining full exposure to the underlying asset.

$BILLS should not be mistaken for a crypto-backed or fiat-backed stablecoin.

$SHARE - Protocol Shares

$SHARE represents the intrinsic value of the protocol, measured by its ability to maintain the $BILLS/$BERA peg while delivering high APRs. As the name implies, $SHARE grants holders a proportional ownership stake in the protocol, including direct rights to newly minted $BILLS through seigniorage.

The $SHARE supply is fixed, and once fully emitted after 30 days, it cannot be minted or expanded. This ensures your share of the protocol remains intact and immune to dilution.

How $SHARE Works

During epoch expansions, the protocol mints new $BILLS and distributes them proportionally to $SHARE holders who have staked their tokens in the Vault.

This mechanism allows $SHARE holders to benefit directly from the protocol’s expansion phases, aligning incentives between yield farming and long-term protocol sustainability.

$SHARE Tokenomics

$SHARE has a maximum total supply of 100,000 tokens, distributed as follows:

• Liquidity Rewards: 90,000 $SHARE allocated to incentivize Liquidity Providers in the Bank over 30 days

• DAO Allocation: 8,000 $SHARE (vested linearly over 30 days)

• Team Allocation: 1,999 $SHARE (vested linearly over 30 days)

• Initial Mint: 1 $SHARE minted upon contract creation for the initial liquidity pool

$SHARE plays a pivotal role in maintaining protocol stability, offering holders:

• Exclusive seigniorage rights

• Governance power

• A non-dilutable stake in Yield Strategy's long-term growth

⚠️⚠️⚠️⚠️⚠️⚠️⚠️⚠️⚠️⚠️⚠️⚠️⚠️⚠️⚠️⚠️⚠️⚠️⚠️⚠️⚠️⚠️⚠️⚠️⚠️⚠️ BONDs are disabled because they are a scam, you can read below why. ⚠️⚠️⚠️⚠️⚠️⚠️⚠️⚠️⚠️⚠️⚠️⚠️⚠️⚠️⚠️⚠️⚠️⚠️⚠️⚠️⚠️⚠️⚠️⚠️⚠️⚠️

BOND – Supply Adjustment Mechanism

In Yield Strategy we have disabled the traditional seigniorage protocol mechanism of BONDs because they have never truly worked to regain peg and instead users are left with an illiquid token they cannot recover from.

Instead we have implemented various other protective mechanisms to ensure peg stability and longevity as mentioned in An Innovative Approach. Read below to find out more about the BOND mechanism so you can understand why it doesn't work and therefore why we have decided not to utilize them.

How BOND Works

• When the Time-Weighted Average Price (TWAP) of BILL falls below its 1:1 peg with $BERA, BONDs are issued.

• Users can purchase BONDs by exchanging $BILLS at the current market rate. This burns $BILLS, reducing circulation.

Redeeming BOND

• BONDs can be redeemed for $BILLS once the price rises above the peg.

• The longer BONDs are held while $BILLS remains above peg, the greater the redemption. ⚠️⚠️⚠️ WARNING: BOND Risks⚠️⚠️⚠️

• BONDs can only be redeemed when $BILLS is above peg.

• If $BILLS does not recover above peg, your BONDs may become unrecoverable, meaning they might never be redeemable.