# Boardroom

Check out our bitBOMB Boardroom, CZPegs Boardroom, SnowPegs Boardrooms and our PolyPegs Boardroom! This is what you'll be met with. You are able to quickly see where your current ShareTokens are staked, as well as timers to the next epoch!

From here you can choose which Boardroom you would like to enter! Once selected, you will be see the following stats.

The Boardroom User Interface

Let's take a look at each element of the Boardroom user interface and what it means.

- 1.
**NEXT EPOCH**The amount of time remaining until the next epoch. - 2.
**CURRENT EPOCH**The number of the current epoch. - 3.
**pegToken PEG (TWAP)**The TWAP (time-weighted average price) of the pegToken peg. The Boardroom only mints new pegTokens as rewards for ShareToken stakers when this value**is above 1.001****at the end of the current epoch**. - 4.
**APR**The yield for ShareToken stakers in the Boardroom**if the Boardroom was printing every epoch**. This calculation is based on**the last recorded print in the Boardroom**. - 5.
**ShareTokens STAKED**The total amount of ShareTokens currently staked in the Boardroom. - 6.
**pegTokens Earned**The amount of pegTokens you've earned as rewards for staking ShareTokens in the Boardroom. - 7.
**ShareTokens Staked**The amount of ShareTokens you currently have staked in the Boardroom.

- Epoch duration: 8 hours
- Any interaction with the Boardroom (staking/unstaking ShareTokens or withdrawing rewards) will
**lock your staked ShareTokens for 2 epochs. Your pegToken rewards can be redeemed after 1 epoch. Example: You stake 2 hours before an epoch ends. Your ShareTokens are locked for 18 hours (2 epochs is 16 hours, plus the 2 hour gap)** - Staking and unstaking your Sharetokens both incur a 2% fee. This fee is used to support the PegHub Ecosystem's Protocols at the teams discretion.
- Distribution of pegTokens during expansion (Boardroom printing):
**50%**goes to Boardroom ShareToken stakers as rewards**30%**goes to the Protocol**10%**goes to Insurance Fund**10%**goes to Dev Fund - Epoch Expansion: The current expansion cap is based on the currently circulating pegToken supply (see Token Distribution for details). If there are bonds to be redeemed, 65% of minted pegTokens go to the treasury until its sufficiently stocked to satisfy future bond redemption.

Note that the Boardroom

**does not**print any rewards for ShareToken stakers when the Boardroom TWAP < 1.001.Staking ShareTokens will only give you rewards when the price of the corresponding pegToken is above 1.001 peg, but not when it is under the peg. If one of the pairs was under peg, the other boardrooms will still print. Think about moving your ShareTokens there instead!

Yes, there is. One when you stake your ShareTokens.

**Claiming your rewards will reset this timer.**The lockup period is 2**epochs**(16 hours plus the time difference you deposited before the epoch ended. Example: You stake 2 hours before an epoch ends. Your ShareTokens are locked for 16 hours (2 epochs is 16 hours, plus the 2 hour gap) to unstake your ShareTokens. If you withdraw your rewards without also withdrawing your ShareTokens, you will have to wait two epochs to unstake your ShareTokens as they will be locked up. Example: You claim your bitBTC rewards 5 minutes after a boardroom print, your ShareTokens are now locked up for 15 hours 55 minutes.No, Boardroom rewards are determined by how much you have staked at the time of printing (i.e., at the end of one epoch and the start of the other). It doesn't matter if you stake three hours before or thirty seconds before the emissions occur.

No, they will still be sent to your wallet.

A debt phase takes place during expansion epochs that start after a contraction period where there are still BONDs to be redeemed.

65% of expansion during a debt phase is allocated to the treasury fund to prepare for subsequent BOND redemption down the road. This amount is always reserved, regardless of whether BOND holders are redeeming bonds or not.

Once enough pegTokens are sufficiently stocked in the treasury to satisfy the redemption of all circulating BONDs, expansion rates will resume to normal.

The debt phase will last as long as is necessary to adequately pay back outstanding BOND 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 bonus premiums when people redeem BOND over 1.05 peg.
There's no exact way of calculating how many epochs it will take, since the protocol doesn't know exactly when people will redeem their BONDs. The debt phase cannot end until the treasury has enough pegTokens to cover the redemption of all outstanding BONDs, plus a premium.

There is a balanced state "at peg" when pegToken's TWAP is between 1.00 and 1.001, which results in no contraction or expansion of the circulating supply of pegTokens. This is referred to as a

**zen epoch**.Depending on the price of the pegToken, the Boardroom print will have to adjust to provide a buffer for any unclaimed BONDs. As the price of the pegToken climbs above the peg, more pegTokens need to be distributed to the treasury to account for BOND redemptions, plus premiums.

Let's take a look at a simplified example for a

*non-debt phase*: say you have 1 ShareToken staked out of 10 total ShareTokens staked in the Boardroom. In this case, you will receive 10% of the total pegTokens printed in the Boardroom.**Example:**we are assuming that there is a total circulating supply of 10,000 bitBTC and the current expansion rate is at 2.5%, so a total of 250 bitBTC will be printed in the Boardroom. Under the protocol's current rules, 50% of those newly printed bitBTC will be distributed to bitSHARE stakers in the Boardroom. (See the token distribution page for more details on how bitBTC is distributed within the protocol.)

Therefore, you would get: ((0.04

***10000)***0.50) * (1/10) =**12.5**bitBTC!
Thus, the formula to calculate your rewards is as follows:

**((***ExpansionRate*******Circulating***bitBTC/bitDOT/bitADA/bitATOM***Supply)**** 0.50) * (***Your bitSHARESStaked***/***TotalbitSHARESStaked***)**This will vary constantly as the APR in the Boardroom fluctuates, along with other variables such as the price of the actual pegToken.

For a quick estimation, however, you can do the following:

- 1.Take the total APR shown in the Boardroom and divide that by 365 to get the daily APR. (For this example we will say the daily APR is 5%.)
- 2.Multiply that daily APR by the current market price of the total ShareTokens you have staked to see what your daily rewards are. (
**example:**you have 5 bitSHARES , each worth $500, for a total amount staked of $2500. Your daily return in this case would be $2500 * 0.05, which comes out to $125 per day.) - 3.Take your initial buy-in price for bitSHARES and divide it by your daily rewards. If you bought these 5 bitSHARES at a higher price, say $700 for example, in the current market conditions you would recover your initial investment of $3500 in 3500/125 or 28 days.