Platforms
Eden (Boardroom)
Epoch duration: 6 hours
Deposits / Withdrawal of GRAIL into/from Masonry will lock GRAIL for 6 epochs and DANTE rewards for 3 epochs.
DANTE rewards claim will lock staked GRAIL for 6 epochs and the next DANTE rewards can only be claimed 3 epochs later
Distribution of DANTE during Expansion
80% as Reward for Boardroom GRAIL Stakers 18% goes to DAO fund
2% goes to DEV fund
Epoch Expansion: Current expansion cap base on DANTE supply, if there are bonds to be redeemed, 65% of minted DANTE goes to treasury until its sufficiently full to meet bond redemption. If there is no debt it will follow max capped expansion rate
Eden 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 GRAIL staked (USD value). Note: APR fluctuates from time to time and is dependent on certain factors such as:
Price of DANTE
Price of GRAIL
Amount of GRAIL staked in Eden (Locked Value)
Eden on Contraction Periods
Eden will not mint any DANTE (NO REWARDS ON EDEN) while TWAP < 1.01
Eden on Debt Phase
Debt Phase take place on the expansion epochs that start after a contraction period where there are still Dbonds to be redeemed.
65% of Expansion during Debt Phase is allocated to the Treasury Fund to prepare for the DBOND Redemption. This amount is still reserved whether or not DBOND holders are redeeming bonds or not.
Once DANTE in treasury is sufficiently full to meet all circulating bond redemption, expansion rates will resume to normal.
DBOND emitted per epoch during contraction periods can be found on Regulations.
Purgatory (Dante Shares)
Stake your LP to earn GRAIL tokens
Shares Pools (Shares Reward) available for 12 months:
DANTE-TOMB LP: 29750 GRAIL
GRAIL-FTM LP: 22000 GRAIL
GRAIL-DANTE LP: 7750 GRAIL -coming soon-
Hell (Dante Bonds)
DBOND (bond tokens) are available for purchase when DANTE falls below the 1 TOMB peg. If DANTE's TWAP is between 1.00 and 1.01, neither DBOND nor DANTE will be issued.
e.g. if DANTE's TWAP < 1, exchange DANTE for DBOND will be in a 1:1 ratio.
DBOND (bond tokens) are available for redemption when DANTE goes above the 1 TOMB peg.
To encourage the redemption of DBOND for DANTE when DANTE TWAP > 1.1 and incentivize users to redeem at a higher price, DBOND redemption will be more profitable with a higher DANTE TWAP value, of which DBOND to DANTE ratio will be 1:R, where R can be calculated in the formula as shown below:
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