SnowPegs Tokens
For all of our token addresses with buy links, please see our How to Buy CZpegs tokens !
snowAVAX
An algorithmically pegged token at a ratio of 1:1 with AVAX.
snowSOL
An algorithmically pegged token at a ratio of 1:1 with SOL.
snowLINK
An algorithmically pegged token at a ratio of 1:1 with LINK.
snowSHARES - SnowPegs Protocol Governance Token
snowSHARES are one of the ways to measure the value of the SnowPegs protocol and shareholder trust in its ability to consistently maintain its pegs. During epoch expansions the protocol mints pegTokens and distributes them proportionally to all snowSHARE holders who have staked their tokens in one of the Boardrooms.
snowSHARES have a maximum total supply of 89,000 over 2 years, distributed as follows:
Farms Allocation: 73,000 snowSHARES are allocated for incentivizing liquidity providers in all of our farming pools for 24 months.
Treasury Allocation: 8000 vested linearly over 24 months.
Team Allocation: 7900 vested linearly over 24 months.
Initial mint: 100 snowSHARES minted upon contract creation for the initial pool.
bondAVAX
The main purpose of Bonds are to help incentivize fluctuations in the pegToken supply during epoch contraction periods. When the TWAP (time-weighted average price) of a pegToken falls below 1:1, Bonds are issued and can be bought with their respective pegToken at the current price. Exchanging pegTokens for Bonds burns pegTokens, taking them out of circulation (deflation) and helps get the price back up to peg. These Bonds can be redeemed for pegTokens 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 pegTokens when they are above peg, helping push it back toward a 1:1 ratio. The same applies for all pegTokens including nondSOL and bondLINK below!
bondSOL
bondLINK
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