Snowbank DAO
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Using Snowbank
Protocol Internals
Snowbank Cards
Policy
Minting
Every time a user Mints SB on Snowbank, he is actually purchasing a bond. This Mints have different parameters.
The BCV allows us to scale the rate at which bond premiums increase. A higher BCV means a lower discount for bonders and more protocol profit. A lower BCV means a higher discount for bonders and less protocol profit.
The vesting term determines how long it takes for bonds to become fully redeemable. A longer term means lower inflation and lower bond demand.
Treasury
Profit Allocations are the only treasury variable. This allows us to choose who receives profits from the protocol.
Staking
There are no variables in the staking contract. SB and sSB are always redeemable 1:1, and profits are always distributed equally through rebase.
Team Allocation
10% of the circulating supply of SB tokens is reserved as a core team allocation. Disbursement is in the form of SB tokens from the DAO, the core team receives no cash salary. This is identical to Wonderland's core team allocation.
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