Farms | PegHub+ Advanced

To incentivize healthy liquidity pools for the Seigniorage Protocol tokens, our LP farms have been seeded with SHARE tokens to be distributed as rewards to LP stakers across a time period of 24 months. The total bitSHARE rewards are distributed from each farm as follows:

bitBTC / BTC LP: 27 allocation points of the bitSHARE rewards
bitDOT / DOT LP: 13 allocation points of the bitSHARE rewards
bitATOM / ATOM LP: 13 allocation points of the bitSHARE rewards
bitADA / ADA LP: 13 allocation points of the bitSHARE rewards
bitSHARE / BTCB LP: 33 allocation points of the bitSHARE rewards

1. What will happen when the circulating supply equals the total supply? Will reward emissions stop?

Yes. Once the max supply of bitSHARES (54k) is reached, reward emissions end. This will happen in exactly two years from when the bitSHARES farms start on July 14th 2022 1pm EST. bitSHARES will always continue to print bitBTC/bitDOT/bitADA/bitATOM in the Boardroom, though, as long as bitBTC/bitDOT/bitADA/bitATOM remains above peg.bitSHARE reward emissions for the current LP farms are scheduled to end on July 14th 2024 once the total bitSHARE supply has been distributed.

2. Why is "at-peg" (TWAP between 1.00 and 1.001) the best time to provide liquidity?

When bitBTC/bitDOT/bitADA/bitATOM is pegged or close to being pegged, 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.

3. Wait, you mean that if BTC/DOT/ADA/ATOM pumps, bitBTC/bitDOT/bitADA/bitATOM pumps with it?

Yes! Let's look at an example:

If BTC pumps in price, it won't "outrun" bitBTC, even if nobody is buying bitBTC at that time. The farm APRs will vary in terms of USD value, but the emissions won’t. This is something that wouldn't be possible with another 1:1 pegged asset like a stablecoin LP position, where the USD value is directly tied to the emissions. If BTC rises in USD value, bitBTC goes with it. Similarly, if BTC falls in USD value, bitBTC will be worth less in USD, but it won’t affect the peg.The only thing that can change the price of bitBTC in terms of its BTC value (and as such, the peg) is buying and selling it.

The only thing that can change the price of bitBTC in terms of its BTC value (and as such, the peg) is buying and selling it.

To incentivize healthy liquidity pools for the CZpegs protocol tokens, our LP farms have been seeded with CZshares to be distributed as rewards to LP stakers across a time period of 24 months. The total CZshares rewards are distributed from each farm as follows:

CZbomb / BOMB LP: 10 allocation points of CZshares rewards
CZbnb / BNB LP: 20 allocation points of CZshares rewards
CZemp / EMP LP: 10 allocation points of CZshares rewards
CZbusd / BUSD LP: 20 allocation points of
CZshares / BNB LP: 40 allocation points of CZshares rewards

1. What will happen when the circulating supply equals the total supply? Will reward emissions stop?

Yes. Once the max supply of CZshares (73.1K) is reached, reward emissions end. This will happen in exactly two years from when the CZshares farms start on May 25th 2022 2pm EST. CZshares will always continue to print CZbomb/CZbnb/CZemp/CZbusd in the Boardroom, though, as long as CZbomb/CZbnb/CZemp/CZbusd remains above peg.CZshares reward emissions for the current LP farms are scheduled to end on May 25th 2024 once the total CZshares supply has been distributed.Exit with⌃↩

2. Why is "at-peg" (TWAP between 1.00 and 1.001) the best time to provide liquidity?

When CZbomb/CZbnb/CZemp/CZbusd is pegged or close to being pegged, 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.

3. Wait, you mean that if EMP/BOMB/BNB pumps, CZbomb/CZbnb/CZemp pumps with it?

Yes! Let's look at an example:

If BOMB pumps in price, it won't "outrun" CZbomb, even if nobody is buying czBOMB at that time. The farm APRs will vary in terms of USD value, but the emissions won’t. This is something that wouldn't be possible with another 1:1 pegged asset like a stablecoin LP position, where the USD value is directly tied to the emissions. If BOMB rises in USD value, CZbomb goes with it. Similarly, if BOMB falls in USD value, CZbomb will be worth less in USD, but it won’t affect the peg.The only thing that can change the price of CZbomb in terms of its BOMB value (and as such, the peg) is buying and selling it.

The only thing that can change the price of CZbnb in terms of its BNB value (and as such, the peg) is buying and selling it.

To incentivize healthy liquidity pools for the Seigniorage Protocol tokens, our LP farms have been seeded with SHARE tokens to be distributed as rewards to LP stakers across a time period of 24 months. The total snowSHARE rewards are distributed from each farm as follows:

snowAVAX / AVAX LP: 22 allocation points of the snowSHARE rewards
snowSOL / SOL LP: 22 allocation points of the snowSHARE rewards
snowLINK / LINK LP: 22 allocation points of the snowSHARE rewards
snowSHARE / AVAX LP: 33 allocation points of the snowSHARE rewards

1. What will happen when the circulating supply equals the total supply? Will reward emissions stop?

Yes. Once the max supply of snowSHARE (73k) is reached, reward emissions end. This will happen in exactly two years from when the snowSHARE farms start on August 31th 2022 1pm EST. snowSHARE will always continue to print snowAVAX/snowSOL/snowLINK in the Boardroom, though, as long as snowAVAX/snowSOL/snowLINK remains above peg.snowSHARE reward emissions for the current LP farms are scheduled to end on August 31th 2024 once the total snowSHARE supply has been distributed.

2. Why is "at-peg" (TWAP between 1.00 and 1.001) the best time to provide liquidity?

When snowAVAX/snowSOL/snowLINK is pegged or close to being pegged, 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.

3. Wait, you mean that if AVAX/SOL/LINK pumps, snowAVAX/snowSOL/snowLINK pumps with it?

Yes! Let's look at an example:

If AVAX pumps in price, it won't "outrun" snowAVAX, even if nobody is buying snowAVAX at that time. The farm APRs may vary in terms of USD value, but the emissions won’t. This is something that wouldn't be possible with another 1:1 pegged asset like a stablecoin LP position, where the USD value is directly tied to the emissions. If AVAX rises in USD value, snowAVAX goes with it. Similarly, if AVAX falls in USD value, snowAVAX will be worth less in USD, but it won’t affect the peg.The only thing that can change the price of snowAVAX in terms of its AVAX value (and as such, the peg) is buying and selling it.

The only thing that can change the price of snowAVAX in terms of its AVAX value (and as such, the peg) is buying and selling it.

To incentivize healthy liquidity pools for the Seigniorage Protocol tokens, our LP farms have been seeded with PSHARE tokens to be distributed as rewards to LP stakers across a time period of 24 months. The total PSHARE rewards are distributed from each farm as follows:

PMATIC / MATIC LP: 40 allocation points of the PSHARE rewards
PSHARE / MATIC LP: 60 allocation points of the PSHARE rewards

1. What will happen when the circulating supply equals the total supply? Will reward emissions stop?

Yes. Once the max supply of PSHARES (54k) is reached, reward emissions end. This will happen in exactly two years from when the PSHARES farms start on October 24th 2022 1pm EST. PSHARES will always continue to print PMATIC in the Boardroom, though, as long as PMATIC remains above peg. PSHARE reward emissions for the current LP farms are scheduled to end on October 24th 2024 once the total PSHARE supply has been distributed.

2. Why is "at-peg" (TWAP between 1.00 and 1.001) the best time to provide liquidity?

When PMATIC is pegged or close to being pegged, 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.

3. Wait, you mean that if MATIC pumps, PMATIC pumps with it?

Yes! Let's look at an example:

If MATIC pumps in price, it won't "outrun" PMATIC, even if nobody is buying PMATIC at that time. The farm APRs will vary in terms of USD value, but the emissions won’t. This is something that wouldn't be possible with another 1:1 pegged asset like a stablecoin LP position, where the USD value is directly tied to the emissions. If MATIC rises in USD value, PMATIC goes with it. Similarly, if MATIC falls in USD value, PMATIC will be worth less in USD, but it won’t affect the peg.

The only thing that can change the price of PMATIC in terms of its MATIC value (and as such, the peg) is buying and selling it.