Platform

Board Room

• Epoch duration: 6 hours

• Deposits / Withdrawal of WSHARE into/from Board Room will lock WSHARE for 6 epochs and WIZARD rewards for 3 epochs.

• WIZARE rewards claim will lock staked WSHARE for 6 epochs and the next WIZZARD rewards can only be claimed 3 epochs later

• Distribution of WIZARD during Expansion

  100% as Reward for Boardroom WSHARE Stakers

Board Room UI 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 WSHARE staked (USD value). Note: APR fluctuates from time to time and is dependent on certain factors such as:

• Price of WIZARD

• Price of WSHARE

• Amount of WSHARE staked in Board Room (Locked Value)

Board Room on Contraction Periods

Board Room will not mint any WIZARD (NO REWARDS ON Board Room) while TWAP < 1.01

Board Room on Debt Phase

Debt Phase take place on the expansion epochs that start after a contraction period where there are still WBOND to be redeemed.

65% of Expansion during Debt Phase is allocated to the Treasury Fund to prepare for the WBOND Redemption. This amount is still reserved whether or not WBOND holders are redeeming bonds or not.

Once WIZARD in treasury is sufficiently full to meet all circulating bond redemption, expansion rates will resume to normal.

WBOND emitted per epoch during contraction periods can be found on Regulations.

Staking

Stake your LP to earn WSHARE tokens

Shares Pools (Shares Reward) available for 12 months:

• WIZARD-FTM LP: 35700 WSHARES

• WSHARE-FTM LP: 23800 WSHARES

Bonds

WBOND (bond tokens) are available for purchase when WIZARD falls below the 0.1 FTM peg. If WBOND's TWAP is between 1.00 and 1.01, neither WBOND nor WIZARD will be issued.

e.g. if WIZZARD's TWAP < 1, exchange WIZARD for WBOND will be in a 1:1 ratio.

WBOND (bond tokens) are available for redemption when WIZARD goes above the 0.1 FTM peg.

To encourage redemption of WBONDS for WIZARD when WIZARD TWAP > 1.1 and incentivize users to redeem at a higher price, WBOND redemption will be more profitable with a higher WIZZARD TWAP value, of which WBOND to WIZARD ratio will be 1:R, where R can be calculated in the formula as shown below:

R=1+[(WIZARD(​twapprice)−1)∗coeff)]

Where coeff = 0.7