🪙oCOIN
oCOIN Mechanism
$oCOIN has three options to exercise:
Exercise bond dynamic - 5 months Where the oCOIN is vested for 5 months and it rewards 1.5x the locked amount in COIN! (the reward multiplier can change during different market conditions) i.e. 100 oCOIN = 150 COIN after 5 months
Exercise unlock to liquid tokens - 2 months Each oCOIN vested can be claimable for 1 COIN. i.e. 100 oCOIN = 100 COIN after 2 months
Exercise to liquid tokens instantly The instant conversion provides 100% of the oCOIN position into COIN but has a discount attached to it. The discount varies dynamically based on multiple factors and changes from time to time. It can range from 15% to 70%. i.e. 100 oCOIN + WETH fee = 100 COIN instantly
This means users pay 30 to 85% of the oCOIN position’s $ value in WETH as a fee.
The discount is starting at 15% ( 85% WETH fee ) so the liquidity can stay deep while users that want quick profit sell their rewards because we will be using these to:
Buyback&Burn $BASE with 20%;
Direct ETH rewards to $xBASE Staking with 5%;
Direct ETH rewards to $oCOIN Staking with 10%;
Buyback $COIN with 15%;
Add Liquidity to $COIN with 10%.
Users can check active vests and other COIN+oCOIN analytics on the Dune dashboard below.
Last updated