Tokens
1Shares are one of the ways to measure the value of the 1-Pegs protocol and shareholder trust in its ability to consistently maintain its pegs. 1Shares holders stake their token to Boardroom to receive 1BNB/1BUSD/1CAKE expansion rewards
1Shares has a maximum total supply of 70,000 over 2 years, distributed as follows:
Farms Allocation: 58,001 1Shares are allocated for incentivizing liquidity providers in all of our farming pools for 24 months.
Dao Fund Allocation: 5,999 vested linearly over 24 months.
Team Allocation: 6,000 vested linearly over 24 months.
Initial mint: 1 1Shares minted upon contract creation for the initial pool.
An algorithmically pegged token at a ratio of 1:1 with BNB
An algorithmically pegged token at a ratio of 1:1 with BUSD
An algorithmically pegged token at a ratio of 1:1 with CAKE
$1WBond
The main purpose of 1WBond is to help incentivize fluctuations in the 1BNB token supply during epoch contraction periods. When the TWAP (time-weighted average price) of 1BNB falls below 1:1 BNB, bonds are issued and can be bought with 1BNB at the current price. Exchanging 1BNB for 1WBond burns 1BNB tokens, taking them out of circulation (deflation) and helps to get the price back up to peg. These 1WBonds can be redeemed for 1BNB when the price is above peg in the future, plus a premium based on how high above peg we currently are. This conversely creates inflation and subsequent sell pressure for 1BNB when it is above peg, helping to push it back toward 1:1 BNB ratio. The same applies for 1BBond and 1CBond below!
$1BBond
$1CBond
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