Platform
Description of utility on crypt finance
MASONRY (BOARDROOM):
Epoch duration: 6 hours Deposits / Withdrawal of $CRYPT into the Boardroom will lock $CRYPT for 4 epochs (24hrs) and $CORPSE rewards for 2 epochs (12hrs).
The above is the same for $CORPSE rewards claiming, this will lock staked CRYPT for 4 epochs (24hrs) and the next $CORPSE rewards can only be claimed after 2 epochs (12hrs). Distribution of $CORPSE during Expansion
80% as Reward for Masonry $CRYPT stakers 15% goes to DAO fund 5% goes to DEV fund Epoch Expansion: Current expansion cap base on $CORPSE supply, if there are bonds to be redeemed, 65% of minted $CORPSE goes to treasury until it’s sufficiently full to meet bond redemption. If there is no debt it will follow max capped expansion rate. Masonry UI Information
Next Epoch indicates a countdown timer to the next calculation of seigniorage. (Each epoch duration lasts for 6 hours)
APR refers to the simple returns in USD value relative to the amount of $CRYPT staked (USD value).
Note: APR fluctuates from time to time and is dependent on certain factors such as: Price of $CORPSE Price of $CRYPT Amount of $CRYPT staked in Winery Masonry on Contraction Periods
The Winery will not mint any $CORPSE while TWAP < 1.01, unless it is bootstrapped, which may be considered to raise liquidity at the beginning of the protocol. Masonry on Debt Phase
Debt Phase takes place on the expansion epochs that start after a contraction period where there are still $COFFIN to be redeemed.
65% of Expansion during Debt Phase is allocated to the Treasury Fund to prepare for the $COFFIN Redemption. This amount is still reserved whether or not $COFFIN holders are redeeming bonds or not. Once $CORPSE in treasury is sufficiently full to meet all circulating bond redemption, expansion rates will resume to normal.
$COFFIN emitted per epoch during contraction periods can be found on Regulations.
SHARES
Stake your LP to earn $CRYPT share tokens
Shares Pools (Shares Reward) available for 12 months:
CORPSE-DAI LP: 21,000 Shares CRYPT-DAI LP: 20,000 Shares
CORPSE
$COFFIN are available for purchase when $CORPSE falls below the peg. If $CORPSE's TWAP is between 1.00 and 1.01, neither $COFFIN nor $CORPSE will be issued.
e.g. if $CORPSE's TWAP < 1, exchange $CORPSE for $COFFIN will be in a 1:1 ratio.
$COFFIN are available for redemption when $CORPSE goes above the 1 MIM peg.
To encourage redemption of $COFFIN for $CORPSE when $CORPSE TWAP > 1.1 and incentivize users to redeem at a higher price, $COFFIN redemption will be more profitable with a higher $CORPSE TWAP value, of which $COFFIN to $CORPSE ratio will be 1:R, where R can be calculated in the formula as shown below where coeff = 0.7.
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