Policy

Bonding

Every time a user Bonds RUG on Rug, he is actually purchasing a bond. This Bonds have different parameters. The BCV allows us to scale the rate at which bond premiums increase. A higher BCV means a lower discount for bonders and more protocol profit. A lower BCV means a higher discount for bonders and less protocol profit.
The vesting term determines how long it takes for bonds to become fully redeemable. A longer term means lower inflation and lower bond demand.

Treasury

Profit Allocations are the only treasury variable. This allows us to choose who receives profits from the protocol.

Staking

There are no variables in the staking contract. RUG and sRUG are always redeemable 1:1, and profits are always distributed equally through rebase.

Last updated 3 years ago

Bonding

Every time a user Bonds RUG on Rug, he is actually purchasing a bond. This Bonds have different parameters. The BCV allows us to scale the rate at which bond premiums increase. A higher BCV means a lower discount for bonders and more protocol profit. A lower BCV means a higher discount for bonders and less protocol profit.
The vesting term determines how long it takes for bonds to become fully redeemable. A longer term means lower inflation and lower bond demand.

Treasury

Profit Allocations are the only treasury variable. This allows us to choose who receives profits from the protocol.

Staking

There are no variables in the staking contract. RUG and sRUG are always redeemable 1:1, and profits are always distributed equally through rebase.

Last updated 3 years ago