Platform

Boardroom

  • Epoch duration: 8 hours

Banks

Current Bank Pools (Farming details can be found here)

  • BUSD

  • USDT

  • BDO

  • DOT

  • LINK

  • BCASH

  • VALUE-B

MDB (bond tokens) are always on sale, however, a purchase during epoch expansion will result in a nett loss. Hence, the platform UI only allows for purchase of MDB when MDO falls below the 1 $BUSD peg.

To encourage redemption of MDB bonds for MDO when MDO's TWAP > 1 and incentivize profit-seekers who are doing bonds. Bonds redemption will be more profitable with a higher MDO TWAP value, of which MDB bonds to MDO ratio will be 1:R, where R can be calculated in the formula as shown below:

R = 1.0 + min[ 0.3,( MDO(twapprice) − 1.0 )∗coeff ) ]

Where coeff = 0.65

Example 1. if MDO's TWAP = 1.05,

R = 1.0 + min[0.3, (1.05 - 1.0)*0.65)] = 1.0 + min[0.3, 0.0325] = 1.0 + 0.0325 = 1.0325

MDB to MDO ratio in Example 1 would be 1:1.0325

Example 2. if MDO's TWAP = 1.10,

R = 1.0 + min[0.3, (1.1 - 1.0)*0.65] = 1.0 + min[0.3, 0.065] = 1.0 + 0.065 = 1.065

MDB to MDO ratio in Example 2 would be 1:1.065

As you can tell, MDB holders are able to profit more when they participate in bonds redemption when MDO TWAP >> 1.