📰

Platform

The Farm

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  1. 1.
    Epoch duration: 6 hours
  2. 2.
    Deposits / Withdrawal of RePATH into/from The Farm will lock RePATH for 6 epochs and Rept rewards for 3 epochs.
  3. 3.
    Rept rewards claim will lock staked RePATH for 6 epochs and the next Rept rewards can only be claimed 3 epochs later
  4. 4.
    Distribution of Rept during Expansion
  • 80% as Reward for RePATH Stakers
  • 14% goes to DAO fund
  • 3% goes to DEV fund
  • 3% goes to TEAM fund
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5. Epoch Expansion: Current expansion cap base on Rept supply, if there are bonds to be redeemed, 65% of minted Rept goes to treasury until its sufficiently full to meet bond redemption. If there is no debt it will follow max capped expansion rate

The Farm UI Available information

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 RePATH staked (USD value). Note: APR fluctuates from time to time and is dependent on certain factors such as: Price of Rept Price of RePATH Amount of RePATH staked in The Farm (Locked Value)

The Farm on Contraction Periods

The Farm will not mint any Rept (NO REWARDS ON THE FARM) while TWAP < 1.01

The Farm on Debt Phase

Debt Phase take place on the expansion epochs that start after a contraction period where there are still bonds to be redeemed.
65% of Expansion during Debt Phase is allocated to the Treasury Fund to prepare for the ReBOND Redemption. This amount is still reserved whether or not ReBOND holders are redeeming bonds or not.
Once Rept in treasury is sufficiently full to meet all circulating bond redemption, expansion rates will resume to normal.
ReBOND emitted per epoch during contraction periods can be found on Regulations.