Boardroom

Epoch duration: 6 hours Deposits / Withdrawal of PSHARE into the Boardroom will lock PSHARE for 4 epochs (24hrs) and PINGU rewards for 2 epochs (12hrs).

The above is the same for PINGU rewards claiming, this will lock staked PSHARE for 4 epochs (24hrs) and the next PINGU rewards can only be claimed after 2 epochs (12hrs).

Distribution of PINGU during Expansion

80% as Reward for Boardroom PSHARE stakers 15% goes to DAO fund 5% goes to DEV fund Epoch Expansion: Current expansion cap base on PINGU supply, if there are bonds to be redeemed, 65% of minted PINGU goes to treasury until it’s sufficiently full to meet bond redemption. If there is no debt it will follow max capped expansion rate.

Shares

Stake your LP to earn PSHARE share tokens

Shares Pools (Shares Reward) available for 180 days:

PSHARE-BUSD LP: 30,000 PINGU-BUSD LP: 20,000

Bonds

PBOND (bond tokens) are available for purchase when PINGU falls below the 1 BUSD peg. If PINGU's TWAP is between 1.00 and 1.01, neither PBOND nor PENGU will be issued.

e.g. if PINGU's TWAP < 1, exchange PINGU for PBOND will be in a 1:1 ratio.

PBOND (bond tokens) are available for redemption when PINGU goes above the 1 BUSD peg.

To encourage redemption of PBOND for PINGU when PENGU TWAP > 1.1 and incentivize users to redeem at a higher price, PBOND redemption will be more profitable with a higher PINGU TWAP value, of which PBOND to PINGU ratio will be 1:R, where R can be calculated in the formula as shown below:

R=1+[(PINGU(​twapprice)−1)∗coeff)]