# Platform

## River (Boardroom)

* Epoch duration: 8 hours
* There is a **2%** tax fee per stake. The unstake fee is **0%** during expansion, and **2%** on contraction period. These fees will be used to buy back **HKN**.
* Deposits / Withdrawal of MTT into/from River will lock MTT for 6 epochs and **HKN** rewards for 3 epochs.
* **HKN** rewards claim will lock staked MTT for 6 epochs and the next **HKN** rewards can only be claimed 3 epochs later
* Distribution of **HKN** during Expansion

{% hint style="info" %}
80% go to Community\
15% go to DAO \
5% go to METF 
{% endhint %}

* Epoch Expansion: Current expansion cap base on **HKN** supply, if there are bonds to be redeemed, 65% of minted **HKN** 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 **HKN** supply - first 21 epoch of 8 hours each will be at **1.5% (first 7 days)**\
\
Any increment of supply by 25% after 8,000,000 $HKN, we will decrease emission by 5%. This is to ensure that $HKN will not be inflated and become unsustainable. 

MTT has a max supply of 30,000 and is distributed linearly across 365 days. 15% of all MTT is sent to the DAO fund for staking of **HKN** rewards to grow the DAO fund that accumulates and lock up **SVN**. 

Allocation of MTT

{% hint style="info" %}
80% go to Community\
15% go to DAO \
5% go to METF 
{% endhint %}

Next **Seigniorage** indicates a countdown timer to the next epoch. (Each epoch duration lasts for 8 hours) **APR** refers to the simple returns in USD value relative to the amount of MTT staked (USD value). *Note:* *APR fluctuates from time to time and is dependent on certain factors such as:*

* Price of HKN
* Price of MTT 
* Amount of MTT staked in River (Locked Value)

### River on Contraction Periods <a href="#masonry-on-contraction-periods" id="masonry-on-contraction-periods"></a>

River will **not** mint any **HKN** (*NO REWARDS ON* River) while TWAP < 1.01

### River on Debt Phase <a href="#masonry-on-debt-phase" id="masonry-on-debt-phase"></a>

Debt Phase take place on the expansion epochs that start after a contraction period where there are still HBONDS to be redeemed.

65% of Expansion during Debt Phase is allocated to the Treasury Fund to prepare for the HBOND Redemption. This amount is still reserved whether or not HBOND holders are redeeming bonds or not.

Once **HKN** in treasury is sufficiently full to meet all circulating bond redemption, expansion rates will resume to normal.

## Jungle (Shares) <a href="#cemetery-shares" id="cemetery-shares"></a>

Stake your LP to earn MTT tokens

Shares Pools (Shares Reward) available for 12 months:

* **HKN**-**SVN** LP: MTT&#x20;
* MTT-**SVN** LP: MTT

## Cave <a href="#pit-bonds" id="pit-bonds"></a>

HBOND (bond tokens) are available for purchase when **HKN** falls below the 1 **SVN** peg. If **HKN**'s TWAP is between 1.00 and 1.01, neither HBOND nor **HKN** will be issued.

e.g. if **HKN**'s TWAP < 1, exchange **HKN** for HBOND will be in a 1:1 ratio.

HBOND (bond tokens) are available for redemption when **HKN** goes above the 1 **SVN** peg.

To encourage redemption of HBOND for **HKN** when **HKN** TWAP > 1.1 and incentivize users to redeem at a higher price, HBOND redemption will be more profitable with a higher **HKN** TWAP value, of which HBOND to **HKN** ratio will be 1:R, where R can be calculated in the formula as shown below:

R=1+\[(**HKN**(​twapprice)−1)∗coeff)]

Where coeff = 0.7\
\
To further illustrate why the longer you hold $HBOND the more profitable it is, let's take an initial $1000 investment into consideration. In this example, say this $1000 is used to buy $HKN when $HKN TWAP is 0.95 and then swapped for $HBOND.\
\
If these $HBOND are redeemed when:\
-$HKN TWAP is 1.5, your investment would now be worth $1421.\
-$HKN TWAP is 2, your investment would now be worth $1789.\
-$HKN TWAP is 3, your investment would now be worth $2526.\
-$HKN TWAP is 5, your investment would now be worth $4000.