Platform

Boardroom

  • Epoch duration: 6 hours
  • Deposits / Withdrawal of TARES into/from Boardroom will lock TARES for 6 epochs and THERMES rewards for 3 epochs.
  • Distribution of THERMES during Expansion
    60% as Reward for Boardroom TARES Stakers 30% goes to DAO fund
    10% goes to DEV fund
  • 0% TARES deposit fee

Boardroom UI Available information

Next Seigniorage indicates a countdown timer to the next epoch. (Each epoch duration lasts for 6 hours)
APR refers to the simple returns in USD value relative to the amount of TARES staked (USD value). *Note: ***APR fluctuates from time to time and is dependent on certain factors such as:
  • Price of THERMES
  • Price of TARES
  • Amount of TARES staked in Boardroom (Locked Value)

Boardroom on Contraction Periods

Boardroom will not mint any THERMES (NO REWARDS ON BOARDROOM) while TWAP < 1.01

Farms (Shares)

Stake your LP to earn TARES tokens
Shares Pools (Shares Reward) available for 12 months:
  • THERMES-WFTM LP: 35500 Shares
  • TARES-WFTM LP: 24000 Shares

Bond (Bonds)

PLUTO (bond tokens) are available for purchase when THERMES falls below the 1 FTM peg. If THERMES's TWAP is between 1.00 and 1.01, neither PLUTO nor THERMES will be issued.
e.g. if THERMES's TWAP < 1, exchange THERMES for PLUTO will be in a 1:1 ratio.
PLUTO (bond tokens) are available for redemption when THERMES goes above the 1 FTM peg.
To encourage redemption of THERMES for PLUTO when THERMES TWAP > 1.1 and incentivize users to redeem at a higher price, PLUTO redemption will be more profitable with a higher THERMES TWAP value, of which PLUTO to THERMES ratio will be 1:R, where R can be calculated in the formula as shown below:
R=1+[(THERMES​twapprice)−1)∗coeff)]

Disclaimer

The information on this website is for general information only. It should not be taken as constituting professional advice. You should consider seeking independent legal, financial, taxation or other advice to check how the website information relates to your unique circumstances. Olympus Finance is not liable for any losses incurred, whether due to negligence or otherwise, arising from the use of, or reliance on, the information provided directly or indirectly, via this website.
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Boardroom
Boardroom UI Available information
Boardroom on Contraction Periods
Farms (Shares)
Bond (Bonds)
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