📊Platform
Wolf Den
Epoch duration: 6 hours.
Stake of HOWL into the Boardroom will lock HOWL for 8 epochs (48 hours).
Reward lockup 4 epoch. However, every time a user claims rewards or stakes more funds, the unstake lockup will be reset to 8 epochs (48 hours).
You can not claim rewards during contraction or upcoming contraction phase.
During the expansion phase (WOLF TWAP >= 1.001 BUSD): Up to 2.0% / 4.0% supply is minted and distributed:
40% to Boardroom
40% to DAO Fund
10% to Insurance Fund
10% to Development & Marketing Fund Expansion rate based on WOLF supply: 5,000,000 or less:
3.5% Total Supply After 5,000,000: For each and every 25% increase in Cir. Supply of WOLF after 5,000,000 the max expansion rate will be reduced by 2% (See table below for detailed information)
Orientation to Wolf Den Staking
Epoch number refers to the current epoch in which DarkWolf protocol is in.
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 PACK staked (USD value)
Note: APR fluctuates from time to time and is dependent on certain factors such as: - Price of BUSD - Price of PACK - Amount of PACK staked in Boardroom (Locked Value)
Wolf Den on Contraction Periods
Wolf Den will not mint any WOLF (NO REWARDS ON Wolf Den) while TWAP < 1 BUSD
Bonds
HOWL (bond tokens) are available for purchase when WOLF falls below the 1 BUSD peg. For starters, the exchange rate for WOLF to HOWL is 1:1. Every new epoch on contraction periods, HOWL are issued in the amount of 3% of current WOLF circulating supply.
HOWL are available for redemption when WOLF goes above the 1 BUSD peg. To encourage redemption of HOWL for WOLF when WOLF TWAP > 1.1 and incentivize users to redeem at a higher price, HOWL redemption will be more profitable with a higher WOLF TWAP value, of which HOWL to WOLF ratio will be 1:R, where R can be calculated in the formula as shown below:
R = 1+[(WOLF(twapprice)-1)*coeff]R=1+[(WOLF(twapprice)−1)∗coeff]
Where coeff = 0.7 Example:
When WOLF = 0.8, burn 1 WOLF to get 1 HOWL (HOWL price = 0.8)
When WOLF = 1.15, redeem 1 HOWL to get 1.105 WOLF (HOWL price = 1.27)
Contrary to early algorithmic protocols, HOWL do not have expiration dates, and this greatly reduces the risk for bond buyers HOWL TWAP (time-weighted average price) is based on WOLF price TWAP from the Previous Epoch as it Ends. This means that WOLF TWAP is real-time and HOWL
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