Boardroom

1.“Once UBONDS are emitted, does the Boardroom stop printing $UNITE until we are above peg again?”

Staking $USHAREs will give you $UNITE rewards when the price of $UNITE is above the peg (1 UNITE: 1 ONE), but not when it is under the peg.

2. “What happens if I interact with the Boardroom in any way?”

Any interaction with the boardroom will reset both timers. That's 3 epochs (18 hours) to withdraw your UNITE rewards, and 6 epochs to unstake your Ushare (36 hours).

3. “Are the Boardroom rewards pro-rated by time? I.e if I stake three hours before the end of an epoch vs five hours before the end of an epoch, do I get different rewards?”

No, it's determined by how much you have staked at the time of printing (i.e. end of one epoch and start of the other). It doesn't matter if you stake 3 hours before or 30 seconds before the emissions occur.

4. "If I remove my $USHARE from Boardroom without first collecting my $UNITE, will it be lost forever?"

No, it will still be there to collect whenever you need.

5. "The Boardroom APR dropped because we're in a 'debt phase.' What does this mean?"

A debt phase takes place on the expansion epochs that start after a contraction period where there are still $UBOND to be redeemed.
65% of Expansion during Debt Phase is allocated to the Treasury Fund to prepare for the UBOND Redemption. This amount is still reserved whether or not UBOND holders are redeeming bonds or not.
Once UNITE in treasury is sufficiently full to meet all circulating bond redemption, expansion rates will resume to normal.

6. "If we're in a debt phase, how long will it last until the Boardroom continues printing as normal?"

The debt phase will last as long as is necessary to adequately pay back outstanding $UBOND 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 $UBOND over peg. There's no exact way of calculating how many epochs it takes, since we don't know exactly when people will redeem their $UBOND. If the debt phase is ended too early, and then the treasury doesn't have enough $UNITE to repay the $UBOND bonus, then the APR restriction would need to be turned back on.

7. "At the end of the epoch, the Boardroom did not print $UNITE, and then no $UBOND(s) were issued. Why?"

There is a balanced state "at peg" when $UNITE's TWAP is between 1.00 and 1.01, and this means there is neither contraction nor inflation.

8. "If UNITE continues climbing above the price of the peg, will that influence how long the debt epoch lasts?"

Depending on the price of UNITE, the Boardroom print will have to adjust to provide a buffer for any unclaimed UBOND. As the price of UNITE climbs above the peg, more UNITE needs to be distributed to the treasury to account for UBOND bonus redemption.
Last modified 8mo ago
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1.“Once UBONDS are emitted, does the Boardroom stop printing $UNITE until we are above peg again?”
2. “What happens if I interact with the Boardroom in any way?”
3. “Are the Boardroom rewards pro-rated by time? I.e if I stake three hours before the end of an epoch vs five hours before the end of an epoch, do I get different rewards?”
4. "If I remove my $USHARE from Boardroom without first collecting my $UNITE, will it be lost forever?"
5. "The Boardroom APR dropped because we're in a 'debt phase.' What does this mean?"
6. "If we're in a debt phase, how long will it last until the Boardroom continues printing as normal?"
7. "At the end of the epoch, the Boardroom did not print $UNITE, and then no $UBOND(s) were issued. Why?"
8. "If UNITE continues climbing above the price of the peg, will that influence how long the debt epoch lasts?"