Boardroom

Boardroom is the money printer of JewelleryFinance which distributes RUBY to all stakers when its above peg

As long as peg is >1.01, the boardroom prints RUBY every epoch based on the predetermined emissions rate based on the current supply. These rewards are distributed to everyone who has staked their DIAMOND in the boardroom.

Staking $DIAMOND will give you $RUBY rewards when the price of $RUBY is above the peg (1 RUBY: 1 WCRO), but not when it is under the peg.

Any interaction with the boardroom will reset both timers. That's 3 epochs (18 hours) to withdraw your $RUBY rewards, and 6 epochs to unstake your $RSHARE (36 hours).

• Epoch duration: 6 hours

• Deposits / Withdrawal of DIAMOND into/from the Boardroom will lock DIAMOND for 6 epochs and RUBY rewards for 3 epochs.

• RUBY rewards claim will lock staked DIAMOND for 6 epochs and the next RUBY rewards can only be claimed 3 epochs later

• Distribution of RUBY during Expansion

  30% as Reward for Boardroom DIAMOND Stakers

  20% goes to DAO fund

• Epoch Expansion: Current expansion cap base on RUBY supply, if there are bonds to be redeemed, 65% of minted RUBY goes to treasury until its sufficiently full to meet bond redemption. If there is no debt it will follow max capped expansion rate

Boardroom UI Available information

Next Seigniorage indicates a countdown timer to the next epoch. (Each epoch duration lasts for 6 hours)

APR refers to the simple returns in USD value relative to the amount of DIAMOND staked (USD value). Note: APR fluctuates from time to time and is dependent on certain factors such as:

• Price of RUBY

• Price of DIAMOND

• Amount of DIAMOND staked in Boardroom(Locked Value)

Boardroom on Contraction Periods

Boardroom will not mint any RUBY (NO REWARDS ON BOARDROOM) while TWAP < 1.01

Boardroom on Debt Phase

Debt Phase take place on the expansion epochs that start after a contraction period where there are still SAPPHIRE to be redeemed.

65% of Expansion during Debt Phase is allocated to the Treasury Fund to prepare for the SAPPHIRE Redemption. This amount is still reserved whether or not SAPPHIRE holders are redeeming bonds or not.

Once RUBY in treasury is sufficiently full to meet all circulating bond redemption, expansion rates will resume to normal.

SAPPHIRE emitted per epoch during contraction periods can be found on Regulations.