FAQ
For all your pressing questions!
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For all your pressing questions!
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Also referred to as vacation club memberships, an nft-based timeshare ownership is a system in which owners receive a specific allowance of points each year rather than a fixed week. Owners then use these points to exchange for accommodations at a variety of in-network resorts.
Owing to the high gas fees and rising ethereum prices, decentralised finance (DeFi) has been increasingly difficult, slow and painful for small retail investors. BSC serves the role of enhancing the existing user experience for DeFi users given that it is EVM (Ethereum Virtual Machine) compatible and has a block time of approximately ~ 3 seconds. Meaning to say, BSC transactions are faster and cheaper while still maintaining the ability to interact with smart contracts.
Claim & Reinvest (ZAP IN) is the method best suited to provide stability for both the platform and your underlying investment. By boosting liquidity, the 50/50 strategy reduces price volatility and helps aUSD stay above the peg. When you Claim & Reinvest (ZAP IN) your aUSD rewards in the Farm or Boardroom, it automatically sells 50% of them for $BUSD and provides aUSD-BUSD LP. After, simply deposit your LP Token in the Farm.
The Farm APR is linear and prints 24/7, regardless of aUSD's relation to the peg. Boardroom, on the other hand, prints only when aUSD's TWAP is above 1.01. Therefore, it may not always be that an investor gets a higher return from the Boardroom than from the aUSD-BUSD liquidity pool.
Earning a return on gains you've already made from previous periods is what is commonly referred to as compounding.
Staking ROCKS will give you aUSD rewards when the price of aUSD is above the peg (BUSD), but not when it is under the peg.
This means that the TWAP (Time-weighted average price) at the Boardroom has to be at 1.01+ at the end of the epoch to print.
Any interaction with the boardroom will reset both timers. That's 3 epochs (24 hours) to withdraw your aUSD rewards, and 6 epochs to unstake your ROCKS (48 hours).
No. As long as you stake, at any time, before the end of an epoch, you will get a potential print.
No, it will still be there to collect whenever you need it.
A debt phase takes place during the expansion epochs that start after a contraction period where there are still Bonds to be redeemed.
65% of the Expansion during the Debt Phase is allocated to the Treasury Fund to prepare for the Bond Redemption. This amount is still reserved whether or not Bond holders are redeeming Bonds or not.
Once aUSD in treasury is sufficiently full to meet all circulating bond redemption, expansion rates will resume to normal.
The debt phase will last as long as is necessary to adequately pay back the outstanding Bonds debt. Please keep in mind that the DAO will also need to collect a little extra, as there needs to be a cushion to cover the bonuses when people redeem Bonds over the peg. There's no exact way of calculating how many epochs it takes since we don't know exactly when people will redeem their Bonds.
There is a balanced state "at peg" when aUSD's TWAP is between 1.00 and 1.01, and this means there is neither contraction nor inflation.
No, ROCKS will always print aUSD in the Boardroom as long as aUSD is above the peg.
When aUSD is pegged or close to being pegged to BUSD, it is more akin to having exposure to a single asset (single staking) than to your traditional LP'ing experience, where you would run the risk of impermanent loss if one of the tokens went up in value and the other did not.
Bonds will only become available following epochs in which the Time Weighted Average Price (TWAP) of aUSD is under peg. This means that aUSD's price would have to be under 1 $BUSD for the majority of the previous epoch in order to trigger the BONDS to "open".
For example: If during the previous epoch, the ratio of aUSD to BUSD had been 1.2 for 5 hours, but dipped to 0.9 in the final hour, the BONDS will not open, as the TWAP would be higher than 1. Conversely, if aUSD's price is at 0.9 that of BUSD for 5 hours, but spikes to 1.25 in the final hour, the BONDS will remain open during the following epoch, since the TWAP is less than 1.
The BONDS will always open at the very beginning of a new epoch, and remain open for the entire epoch — The BONDS can not and will never open mid-epoch — and during epochs in which the BONDS is open, aUSD will not be printed in the Boardroom.
To encourage the redemption of Bonds for aUSD when arUSD's TWAP > 1.1, and in order to incentives users to redeem at a higher price, Bonds redemption will be more profitable with a higher aUSD TWAP value.
There is a balanced state "at peg" when aUSD's TWAP is between 1.00 and 1.01, and this means there is neither contraction nor inflation.
An epoch has to end below the peg for Bond tokens to be issued.
You can swap it back again when the following two criteria are met:
1: aUSD TWAP is above peg and
2. There is enough aUSD in the treasury to cover the redemption.
Like anything else in crypto, obtaining Bonds is not a risk-free investment. Just like in the real world, you are purchasing debt from the protocol with the expectation that you will be redeemed at a premium in the future. To date, this has occurred after all contractions, but past performance does not guarantee the same future outcomes. Bond is ideal for those with a medium to long-term time preference, as it incentivises holding in exchange for potentially lucrative rewards. If you are looking for a quick flip or have a short-term time preference, Bond may not be the right option for you.
aBOND TWAP (time-weighted average price) is based on aUSD price TWAP from the previous epoch as it ends. This means that aUSD TWAP is real-time and aBOND TWAP is not. In other words, you can redeem aBOND for a bonus when the previous epoch's TWAP > 1.1
For all troubleshooting please head over to our Discord and post your question in the tech-support channel. You can also head to our Telegram and reach out to any Moderator.
This is the amount of aUSD that is printed by the protocol per epoch in order to increase the total circulating supply and reward NFT holders. The main difference between Airbrick 2.0's Protocol and the previous projects is that the expansion rate is calculated based on a sustainable percentage of the total value that is staked in the Boardroom. The protocol, in theory, would be able to absorb 100% of the inflation without the need for new users to join the project and consequently, it would finally bring longevity to a Seigniorage Protocol. Please refer to the for more details.
Albert Einstein once said: “Compound interest is the eighth wonder of the world. He who understands it, earns it; he who doesn't, pays it”. While some people question whether the quote was in fact from Einstein, the power of compound interest is unquestionable. After staking your ROCK Share in the boardroom, you have the option to increase exponentially your gains by providing liquidity to aUSD/BUSD. Please refer to on how to provide liquidity.
