🌌Platform
Eclipse (Boardroom)
Epoch duration: 12 hours
The unstake fee is 0% during expansion, and 3% on contraction period. These fees will be used to buy back DSF.
Deposits / Withdrawal of SOLAR into/from Eclipse will lock SOLAR for 8 epochs and DSF rewards for 4 epochs.
DSF rewards claim will lock staked SOLAR for 8 epochs and the next DSF rewards can only be claimed 4 epochs later
Distribution of DSF during Expansion
SOLAR has a max supply of 80,000 and is distributed linearly across 365 days. 25% of all SOLAR is sent to the DAO fund for staking of DSF rewards to grow the DAO fund that accumulates and lock up MMF.
Epoch Expansion: Current expansion cap base on DSF supply, if there are bonds to be redeemed, 65% of minted DSF goes to treasury until its sufficiently full to meet bond redemption. If there is no debt it will follow max capped expansion rate.
Expansion rate base on DSF supply — first 14 epoch of 12 hours each will be at 2̶.̶5̶%̶ ̶(̶f̶i̶r̶s̶t̶ ̶7̶ ̶d̶a̶y̶s̶)̶ floating between 2.5%-10% (first 7 days). Eg, if price of $DSF goes up, we will tweak the expansion down and vice versa to ensure that the APR is sufficient to incentivize $SOLAR holders. Any increment of supply by 25% after 3,000,000 $DSF, we will decrease emission by 10%. This is to ensure that $DSF will not be inflated and become unsustainable.
Allocation of SOLAR
Next Seigniorage indicates a countdown timer to the next epoch. (Each epoch duration lasts for 12 hours) APR refers to the simple returns in USD value relative to the amount of SOLAR staked (USD value). Note: APR fluctuates from time to time and is dependent on certain factors such as:
Price of DSF
Price of SOLAR
Amount of SOLAR staked in Eclipse (Locked Value)
Eclipse on Contraction Periods
Eclipse will not mint any DSF (NO REWARDS ON Eclipse) while TWAP < 1.01
Eclipse on Debt Phase
Debt Phase take place on the expansion epochs that start after a contraction period where there are still MOON to be redeemed.
65% of Expansion during Debt Phase is allocated to the Treasury Fund to prepare for the MOON Redemption. This amount is still reserved whether or not MOON holders are redeeming bonds or not.
Once DSF in treasury is sufficiently full to meet all circulating bond redemption, expansion rates will resume to normal.
Solstice (Shares)
Stake your LP to earn SOLAR tokens
Shares Pools (Shares Reward) available for 12 months:
DSF -MMF LP: SOLAR
SOLAR -MMF LP: SOLAR
Equinox (Bonds)
MOON (bond tokens) are available for purchase when DSF falls below the 1 MMF peg. If DSF's TWAP is between 1.00 and 1.01, neither MOON nor DSF will be issued.
e.g. if DSF's TWAP < 1, exchange DSF for MOON will be in a 1:1 ratio.
MOON (bond tokens) are available for redemption when DSF goes above the 1 SVN peg.
To encourage redemption of MOON for DSF when DSF TWAP > 1.1 and incentivize users to redeem at a higher price, MOON redemption will be more profitable with a higher DSF TWAP value, of which MOON to DSF ratio will be 1:R, where R can be calculated in the formula as shown below:
R=1+[(DSF(twapprice)−1)∗coeff)]
Where coeff = 0.7 To further illustrate why the longer you hold $MOON the more profitable it is, let's take an initial $1000 investment into consideration. In this example, say this $1000 is used to buy $DSF when $DSF TWAP is 0.95 and then swapped for $MOON. If these $MOON are redeemed when: -$DSF TWAP is 1.5, your investment would now be worth $1421. -$DSF TWAP is 2, your investment would now be worth $1789. -$DSF TWAP is 3, your investment would now be worth $2526. -$DSF TWAP is 5, your investment would now be worth $4000.
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