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An algorithmically pegged token at a ratio of 1:1 with BOMB. BOMB is also pegged 10,000:1 with Bitcoin.
An algorithmically pegged token at a ratio of 1:1 with EMP. EMP is also pegged 4,000:1 with Ethereum.
An algorithmically pegged token at a ratio of 1:1 with BNB.
An algorithmically pegged token at a ratio of 1:1 with BUSD.
CZshares are one of the ways to measure the value of the CZpegs protocol and shareholder trust in its ability to consistently maintain its pegs. During epoch expansions the protocol mints BOMB and distributes it proportionally to all CZshares holders who have staked their tokens in the Boardroom.
CZshares has a maximum total supply of 89,000 over 2 years, distributed as follows:
- Farms Allocation: 73,000 CZshares 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 CZshares minted upon contract creation for the initial pool.
The main purpose of BondBOMB is to help incentivize fluctuations in the CZbomb supply during epoch contraction periods. When the TWAP (time-weighted average price) of CZbomb falls below 1:1 BOMB, bonds are issued and can be bought with CZbomb at the current price. Exchanging CZbomb for BondBOMB burns CZbomb tokens, taking them out of circulation (deflation) and helps to get the price back up to peg. These BombBonds can be redeemed for CZbomb 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 CZbomb when it is above peg, helping to push it back toward 1:1 BOMB ratio. The same applies for BondBNB and BondEMP below!