Boardroom

Boardroom Overview

The boardroom is the central mechanism of the SOLtomb protocol, responsible for distributing $STOMB to all stakers when the token is above its peg to SOL. It operates on a 8-hour epoch cycle.

Lock Periods:

• Depositing/withdrawing $SSHARE in/from the Boardroom will lock $SSHARE for 4 epochs.

• Claiming $STOMB rewards will lock staked $SSHARE for 4 epochs, and the next $STOMB rewards can only be claimed 1 epoch later.

Expansion Distribution:

• During expansion periods, 100% of the newly minted $STOMB is awarded as rewards to $SSHARE stakers in the Boardroom.

Boardroom UI:

• Next Seigniorage: Displays a countdown timer to the next epoch.

• APR: Indicates the annual percentage rate based on the USD value of $SSHARE staked. Note that the APR fluctuates based on the price of $STOMB, the price of $SSHARE, and the total $SSHARE staked.

Contraction Periods:

• No $STOMB is minted if the Time-Weighted Average Price (TWAP) is below 1.01, meaning no rewards are distributed.

Debt Phase:

• Occurs during the expansion epochs following a contraction period where SOLtomb bonds ($SBOND) are still outstanding.

• 18% of the expansion supply is allocated to the Treasury Fund to prepare for $SBOND redemption. This reserved amount is maintained whether or not bond holders are redeeming their bonds.

Bond Emission:

• $SBONDs are emitted during contraction periods to incentivize adjustments in $STOMB supply when the price is below peg.

Expansion Rates Based on Circulating Supply: