The boardroom allows you to stake your 2shares or 3shares for 2omb and 3omb rewards.
2omb Finance
2omb Finance Boardroom
3omb Finance
3omb Finance Boardroom
Staking and Minting
Epoch duration: 6 hours
Next mintingindicates a countdown timer to the next epoch. (Each epoch duration lasts for 6 hours)
Transactions (withdrawal/deposits/reward claim) made in the Boardroom will lock:
$2SHARE for 2 epochs
$2OMB rewards for 1 epoch
$3SHARE for 3 epochs
$3OMB reward for 1 epoch
Rewards claim will lock next $2OMB or $3OMB rewards and can only be claimed 1 epoch later
APRrefers to the simple returns in USD value relative to the amount of 2share or 3share staked (USD value). The Boardroom APR fluctuates from time to time and is dependent on certain factors such as:
Price of $2OMB / $3OMB
Price of $2SHARE / $3SHARE
Amount of $2SHARE / $3SHARE staked in the Boardroom
Contraction Periods
Contraction period happens when TWAP < 1.01 $FTM.
During this period, the Boardroom will not mint any $2OMB / $3OMB. This means no rewards will be given on Boardroom.
Debt Phase
Debt Phase takes place on the expansion epochs that start after a contraction period where there are still 2BONDs to be redeemed.
65% of Expansion during Debt Phase is allocated to the Treasury Fund to prepare for the 2BOND/3BOND Redemption. This amount is still reserved whether or not 2BOND/3BOND holders are redeeming bonds or not.
Once 2OMB/3OMB in treasury is sufficiently full to meet all circulating bond redemption, expansion rates will resume to normal.
Epoch Expansion
Current expansion cap base on $2OMB/$3OMB supply, if there are bonds to be redeemed, 65% of minted $2OMB/$3OMB goes to treasury until its sufficiently full to meet bond redemption. If there is no debt it will follow max capped expansion rate