Policy

Bonds
The BCV allows us to scale the rate at which bond premiums increase. A higher BCV means a lower discount for bonders and more protocol profit. A lower BCV means a higher discount for bonders and less protocol profit.
The vesting term determines how long it takes for bonds to become fully redeemable. A longer term means lower inflation and lower bond demand.
Treasury
Profit Allocations are the only treasury variable. This allows us to choose who receives profits from the protocol.
Staking
There are no variables in the staking contract. EXOD and sEXOD are always redeemable 1:1, and profits are always distributed equally through rebase.

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Contents

Bonds

Treasury

Staking