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Tokens
0x1aD0ABe4FD37e8f1E1B0A018425b5E4eAE703304
SEED token is designed to be used as a medium of exchange. The built-in stability mechanism in the protocol aims to maintain Seed's peg to 1 $OP token in the long run.
Note that SEED actively pegs via the algorithm, it does not mean it will be valued at 1 $OP all times as it is not collaterized . SEED is not to be confused for a crypto or fiat-backed stablecoin.
0x74aF59598EC0c1771d0A7797eBa4A2c073d8D253
SEED Shares (SSHARE) are one of the ways to measure the value of the SEED Protocol and shareholder trust in its ability to maintain SEED close to peg. During epoch expansions the protocol mints SEED and distributes it proportionally to all SSHARE holders who have staked their tokens in the BREEDROOM (boardroom).
SSHARE holders have voting rights (governance) on proposals to improve the protocol and future use cases within the SEED finance ecosystem.
SSHARE has a maximum total supply of 70000 tokens distributed as follows:
DAO Allocation: 5500 SSHARE vested linearly 12 months
Team Allocation: 5000 SSHARE vested linearly over 12 months
Remaining 59500 SSHARE are allocated for incentivizing Liquidity Providers in two shares pools for 12 months
0xce58De3d5865279D7E46Ea828D974435655164F0
SEED Bonds (SBOND) main job is to help incentivize changes in SEED supply during an epoch contraction period. When the TWAP (Time Weighted Average Price) of SEED falls below 1 $OP, SBONDs are issued and can be bought with SEED at the current price. Exchanging SEED for SBOND burns SEED tokens, taking them out of circulation (deflation) and helping to get the price back up to 1 $OP. These SBOND can be redeemed for SEED when the price is above peg in the future, plus an extra incentive for the longer they are held above peg. This amounts to inflation and sell pressure for SEED when it is above peg, helping to push it back toward 1 $OP.
Contrary to early algorithmic protocols, SBONDs do not have expiration dates.
All holders are able to redeem their SBOND for SEED tokens as long as the Treasury has a positive SEED balance, which typically happens when the protocol is in epoch expansion periods.
Last modified 7mo ago