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computerYield Strategy Platform

The Yield Strategy seigniorage platform comprises two main components: the Bank and the Vault.

  • The Bank includes the LP farms and provides stakers with $SHARE rewards every second.

  • The Vault allows users to stake their earned $SHARE and receive freshly minted $BILLS every 6 hours—when the peg is above 1.01.

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The Vault – Seigniorage Expansion Mechanism

Epoch & Locking Periods

  • Epoch Duration: 6 hours

  • Depositing or withdrawing SHARE into the Vault locks:

    • $SHARE for 4 epochs (24 hours)

    • $BILLS rewards for 2 epochs (12 hours)

  • Claiming $BILLS rewards also locks staked $SHARE for 4 epochs (24 hours) and delays the next $BILLS claim by 2 epochs (12 hours).

  • Unclaimed $BILLS rewards are burned on the next user action if left unclaimed for 8 epochs (48 hours)

  • The Vault will NOT mint any $BILLS if TWAP < 1.01 (below peg) over the last epoch period

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$BILLS Minting & Expansion Mechanism

At the start of each epoch, if the Time-Weighted Average Price (TWAP) of $BILLS > 1.01, new $BILLS will be minted in the Vault for $SHARE stakers.

The amount of newly minted $BILLS depends on the current circulating supply, based on simulations designed to strike a balance between high APRs and maximum sell pressure. This allows emissions to end above peg, with backing exceeding the circulating supply at peg.

This structured expansion ensures a controlled increase in $BILLS supply, balancing growth with stability while maintaining peg dynamics. Expansion rates may be adjusted to maintain this balance.

Circulating Supply

Estimated $BILLS Minted per Epoch

Below 10,000

2%

Up to 15,000

1.5%

Above 30,000

1%

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$BILLS Distribution During Expansion

Of newly minted $BILLS every epoch these are distributed as such

  • 85% – Rewards for Vault $SHARE stakers

  • 10% – Allocated to the DAO fund

  • 5% – Allocated to the Development fund

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Vault UI Information

  • Next Epoch Timer: Displays countdown until the next seigniorage distribution.

  • APR (Annual Percentage Rate): Represents the simple return percentage extrapolated over a year in USD terms, relative to the amount of $SHARE staked in the Vault.

APR is influenced by:

  • Price of $BILLS

  • Price of $SHARE

  • Total $SHARE staked in the Vault

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The Bank – Earn $SHARE Rewards

Stake protocol LP tokens—BILLS-B and SHARE-B—to earn $SHARE rewards in the Bank. $SHARE emissions are scheduled for 30 days with dynamic APR adjustments between pools to maximize liquidity farming rewards for users.

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