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Platform
Epoch duration: 6 hours
Deposits / Withdrawal of HSHARE into/from the OLYMPUS will lock HSHARE for 6 epochs and HERMES rewards for 3 epochs.
HERMES rewards claim will lock staked HSHARE for 6 epochs and the next HERMES rewards can only be claimed 3 epochs later.
Distribution of HERMES during Expansion :
- 85% as Reward for OLYMPUS HERMES Stakers
- 7,85% goes to COMMUNITY fund
- 7,15% goes to DEV & TEAM fund
Epoch Expansion: Current expansion cap base on HERMES supply, if there are bonds to be redeemed, 65% of minted HERMES goes to treasury until it’s sufficiently full to meet bond redemption. If there is no debt it will follow max capped expansion rate
OLYMPUS 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 HSHARE staked (in USD value).
Note: APR fluctuates from time to time and is dependent on certain factors such as:
PRICE OF HERMES
PRICE OF HSHARE
AMOUNT OF HSHARE STAKED IN OLYMPUS
OLYMPUS on Contraction Periods
OLYMPUS will not mint any HERMES (NO REWARDS ON OLYMPUS) while TWAP < 1.01
OLYMPUS on Debt Phase
Debt Phase take place on the expansion epochs that start after a contraction period where there are still HBOND to be redeemed.
65% of Expansion during Debt Phase is allocated to the Treasury Fund to prepare for the HBOND Redemption. This amount is still reserved whether or not HBOND holders are redeeming bonds or not. Once HERMES in treasury is sufficiently full to meet all circulating bond redemption, expansion rates will resume to normal.
HBOND emitted per epoch during contraction periods can be found on Regulations.
Shares
Stake your LP to earn HSHARE tokens
Shares Pools (Shares Reward) available for 12 months:
HERMES-AVAX LP: 29750 Shares
HSHARE-AVAX LP: 29750 Shares
HBOND (bond tokens) are available for purchase when HERMES falls below the peg. If HERMES TWAP is between 1.00 and 1.01, neither HBOND nor HERMES will be issued.
e.g. if HERMES TWAP < 1, exchange HERMES for HBOND will be in a 1:1 ratio.
HBOND (bond tokens) are available for redemption when HERMES goes above the 1 AVAX peg.
To encourage redemption of HBOND for HERMES when HERMES TWAP > 1.1 and incentivize users to redeem at a higher price, HBOND redemption will be more profitable with a higher HERMES TWAP value, of which HBOND to HERMES ratio will be 1:R, where R can be calculated in the formula as shown below:
R=1+[(HERMES(twapprice)−1)∗coeff)]
Where coeff = 0.7Last modified 11mo ago