Description: Stake your BOGDA-FTM LP in the Farms to earn BSHARE rewards. Then stake your earned BSHARE in the Boardroom to earn more BOGDA! BOGDA token is designed to be used as a medium of exchange. The built-in stability mechanism in the protocol aims to maintain BOGDA's peg to 1 Fantom (FTM) token in the long run. Note that BOGDA actively pegs via the algorithm, it does not mean it will be valued at 1 FTM all times as it is not collaterized . BOGDA is not to be confused for a crypto or fiat-backed stablecoin.
BOGDA Shares (BSHARE) are one of the ways to measure the value of the BOGDA Protocol and shareholder trust in its ability to maintain BOGDA close to peg. During epoch expansions the protocol mints BOGDA and distributes it proportionally to all BSHARE holders who have staked their tokens in the Boardroom. BSHARE holders have voting rights (governance) on proposals to improve the protocol and future use cases within the BOGDA Finance ecosystem.
BOGDA Bonds (BBOND) main job is to help incentivize changes in BOGDA supply during an epoch contraction period. When the TWAP (Time Weighted Average Price) of BOGDA falls below 1 FTM, BBONDs are issued and can be bought with BOGDA at the current price. Exchanging BOGDA for BBOND burns BOGDA tokens, taking them out of circulation (deflation) and helping to get the price back up to 1 FTM. These BBOND can be redeemed for BOGDA 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 BOGDA when it is above peg, helping to push it back toward 1 FTM.
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