Seigniorage

In Seignorage:
The single 10SHARE (Boardroom) pool emits 10MB as long as the TWAP (time-weighted average price) of 10MB remains above peg
Each epoch's 10mb emissions are a percentage of the "Tomb supply", i.e., the Iron (minted - redeemed) supply is subtracted from the circulating supply 
When the price of 10MB goes below peg, the supply of 10MB is reduced by 10BOND minting
When the price then recovers to be above peg, a 10MB bonus is given for 10BOND redemption
In 10mb finance, bonds have no expiration date. 
The redemption bonus variable is up to 50%, which is squared (25%): 
When TWAP = 1.0 peg, the bonus is 0%
The redemption starts being given at TWAP = 1.01 peg
When TWAP = 1.1 peg, the bonus is 25% (each 10BOND can be redeemed for 1.25 10mb)
The bonus variable increases linearly, e.g., 25% at TWAP = 1.05 peg.
Last modified 1yr ago