Platform
Last updated
Last updated
In the arena you stake your GLAD-AVAX LP tokens and GLADSHARE-AVAX LP tokens to earn GLADSHARE tokens, that you can zap and stake here in the Arena or claim and stake in the Catacombs.
Expansion should occur when TWAP >= 1.01 peg
Epoch duration: 4 hours
Inverse variable expansion emissions
As the expansion rate grows and the TWAP is supportive of expansion new GLAD would be minted using the combo of expansion rate and twap performance so as not to hyperinflate the state of the protocol.
Arena withdrawals have a sliding tax that occur when someone withdraws $GLAD-AVAX LP before a certain length of staking.
Arena withdrawals have a sliding tax that occur when someone withdraws $GLADSHARE-AVAX LP before a certain length of staking.
Arena will not mint GLAD (NO REWARDS ON ARENA) while the Time-Weighted Average Price (TWAP) < 1.01 peg. This is referred to as a 'contractionary' period; in contrast, expansionary periods are those where GLADSHARE does mint GLAD.
Stake your GLADHSARE and NFTs to earn GLAD!
Deposits or withdrawals of $GLADSHARE into or from the Arena will lock the $GLADSHARE rewards for 6 epochs and $GLAD rewards for 3 epochs.
Claiming your $GLAD rewards will lock staked $GLADSHARE for another 6 epochs. The next opportunity to claim $GLAD rewards will be 3 epochs later.
You can stake your NFTs to earn either GLAD or GLADSHARE. You can change what they earn. After each change NFTs are locked in that pool for 6 epochs to prevent the gaming of the system.
When you unstake a Roman Emperor, it has a 5% chance chance of being stolen by a staked Roman Emperor. When you unstake a Roman Gladiator, it has a 20% chance chance of being stolen by a staked Roman Emperor. This does not apply to the initial NFT staking pool.
When you unstake a Patrician Emperor, it has a 5% chance chance of being stolen by a staked Patrician Emperor. When you unstake a Patrician Gladiator, it has a 20% chance chance of being stolen by a staked Patrician Emperor. This does not apply to the initial NFT staking pool.
When the protocol enters a Contractionary Epoch, meaning that TWAP falls under 1.0, the protocol allows mints of an additional a new NFT collection.
Mint opens every time TWAP goes below 1.0 with a “cool down” between mints so that it does not become “gamed” (it will need to go above peg for 3 Epochs in a row before minting can reopen but if it stays under for 6 Epochs another will unlock)
Minting cost is 21 $GLAD and the amount mintable is scaled to the current print rate of the epoch before it as seen in the example below. 10% chance of minting an Emperor and 90% chance of minting a Gladiator. There is 10% chance that a staked Emperor steals at minting.
Example: Last epoch printed (LEP) was X GLAD. Take that x.80 then x2 as we will offer the buyers of the under peg Nft’s a 2x return on their investment over 7 days time. Then divide that by 100 as this will be the NFT supply per underpeg event to be minted. (LEP*.80)*2/100=Minting Emissions per Nft. These emissions would have their own staking to be repaid over a period of 7 days.
To find the minting cost simply take minting emissions /2 (So if minting emissions is 30 so 30/2 is 15 this would be the cost of each underpeg NFT.
After underpeg NFTs are minted the user has choice to stake it directly into a pool only for underpeg NFTs (not available for gen0!) with emissions paying them out a maximum of 2x of their return (for example if the minting cost is 15 glad they will receive 30 glad max over the next 7 days) or stake in the GLADSHARE pool to begin earning GLADSHARE.
