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Platform

Garden (aka Masonry/Boardroom)

  • Epoch duration: 6 hours
  • Deposits / Withdrawal of PETAL into/from Farms will lock PETAL for 3 epochs and TULIP rewards for 2 epochs.
  • TULIP rewards claim will lock staked PETAL for 2 epochs and the next TULIP rewards can only be claimed 1 epochs later
  • Distribution of TULIP during Expansion
    100% as Reward for Garden PETAL Stakers 0% goes to DAO fund
    0% goes to DEV fund
  • Epoch Expansion: Current expansion cap base on TULIP supply, if there are bonds to be redeemed, 65% of minted TULIP goes to treasury until its sufficiently full to meet bond redemption. If there is no debt it will follow max capped expansion rate

Garden 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 PETAL staked (USD value). Note: APR fluctuates from time to time and is dependent on certain factors such as:
  • Price of TULIP
  • Price of PETAL
  • Amount of PETAL staked in the Garden (Locked Value)

Garden on Contraction Periods

Garden will not mint any TULIP (NO REWARDS ON GARDEN) while TWAP < 1.01

Garden on Debt Phase

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

Shares

Stake your LP to earn PETAL tokens
Shares Pools (Shares Reward) available for 3 months:
  • TULIP-WROSE LP: 35500 Shares
  • PETAL-WROSE LP: 24000 Shares

Bonds

BUDs (bond tokens) are available for purchase when TULIP falls below the peg. If TULIP's TWAP is between 1.00 and 1.01, neither BUD nor TULIP will be issued.
e.g. if TULIP TWAP < 1, exchange TULIP for BUD will be in a 1:1 ratio.
BUDs (bond tokens) are available for redemption when TULIP goes above the 1 WROSE peg.
To encourage redemption of BUD for TULIP when TULIP TWAP > 1.1 and incentivize users to redeem at a higher price, BUD redemption will be more profitable with a higher TULIP TWAP value, of which BUD to TULIP ratio will be 1:R, where R can be calculated in the formula as shown below:
R=1+[(TULIP(​twapprice)−1)∗coeff)]
Where coeff = 0.7