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BSHARE

BSHARE is a utility token within the ecosystem that is primarily provided as adequation.

What is BSHARE and its benefits?

BSHARE is a utility token that plays a crucial role in facilitating the growth of our ecosystem.
BSHARE will primarily be minted either as adequation when users participate in our MetaVaults or as part of the SuperNova prize every 8 hours. By playing an active role in these two key areas of our protocol, BSHARE not only provides incentives for new user adoption but will also encourage the continued participation of existing users.
First, by providing MetaVault participants with BSHARE adequation, we are not only creating a more sustainable relationship between farmers and our protocol, but are also ensuring constant value is being actively redeployed back into our ecosystem. Second, by being awarded as part of the SuperNova prize, BSHARE will help to encourage users to continue participating in the ecosystem by taking part in the SuperNova Lottery every 8 hours. With the mechanics of BSHARE working in tandem with the rest of the ecosystem, we're able to create a virtuous cycle of value creation that will be essential for the continued growth and development of our ecosystem.
Similar to USDy, our protocol has been specifically designed to generate protocol-owned liquidity for BSHARE at various points of interaction. In other words, unlike many other protocols that purely rely on liquidity mining to grow liquidity for their utility token, BSHARE will be self-sustaining - as more new users utilise our protocol, more protocol-owned liquidity for BSHARE will be generated autonomously!

Salient features of BSHARE include:

  • ​MetaVault Ecosystem Allocation -> BSHARE liquidity is created on every MetaVault deposit.
  • ​HydraVault Ecosystem Allocation -> BSHARE liquidity is created on every BSHARE-BUSD HydraVault deposit.
  • ​Transaction Rewards -> 10% of every BSHARE transaction is sent as rewards to the BSHARE AceVault.
  • ​bYSL Sacrifice Rewards -> 10% of each bYSL sacrificed to participate in a SuperNova will be used to increase the BSHARE AceVault Perpetual Ratio.
  • ​SuperNova Rewards -> BSHARE AceVault Perpetual Ratio increases every 8 hours when BSHARES is burnt based on the jackpot prize for the epoch.

BSHARE Liquidity Balancer

At the end of each 21-epoch interval, the protocol will check the current price of BSHARE;
If the BSHARE-BUSD pool price for BSHARE is above $1.00, the protocol will mint an amount of BSHARE that's required to bring the pool price back down to $1.00.
  • Once the BSHARE has been minted, it will be immediately sold for BUSD via the liquidity pool (15% transaction tax will not apply). Next, the protocol will utilise the BUSD acquired from the sale to create BSHARE-BUSD liquidity at $1.00 by minting an equivalent amount of BSHARE. Each of the aforementioned actions will occur on the same block to avoid price manipulation.
If the BSHARE-BUSD pool price for BSHARE is below $1.00; the protocol will withdraw liquidity equivalent to an amount that's required to push the pool price back to $1.00.
  • Once the liquidity has been withdrawn, the BUSD portion of the liquidity will be used to purchase BSHARE (15% transaction tax will not apply). Next, the BSHARE acquired from both the liquidity withdrawal and purchase will be burned by the protocol. Each of the aforementioned actions will occur on the same block to avoid price manipulation.
Last modified 1mo ago