To help keep BGO stay as close to 1$ as possible, there are several mechanism employed to facilitate it.
  • (Boardroom) Epoch duration: 8 hours – the protocol reacts faster to stabilise BGO price to peg as compared to other protocols with longer epoch durations.
  • Expansion will start if the TWAP price is above 1,01$. Contraction start if the TWAP price is below 0,99$
  • bBGO tokens do not expire and this greatly reduces the risk for bond buyers.
  • The protocol keeps a minimum of 50% of the expanded BGO supply for sBGO boardroom stakers for each epoch expansion, 30% for the Equilibration Reserve and the Treasury receive the remaining 20% for bBGO holders to participate in bond redemption.
  • No discount for bond purchase, but premium bonus for bond redemptions if users were to wait for BGO to increase even more than the 1 $BUSD peg.
To help keep and increase sBGO value, the burning system will be activated once every 3 months to extract 25% from gaming profits to buy back sBGO and burn them.
This will come into effect 3 months after the gaming system is finished and operating.
Last modified 9mo ago
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