Protocol

Decentral Bank (Boardroom)

• Epoch duration: 6 hours

• Deposits / Withdrawal of Genesis NFTs into/from Decentral Bank will lock Genesis NFTs for 6 epochs and ICD rewards for 3 epochs.

• ICD rewards claim will lock staked Genesis NFTs for 6 epochs and the next ICD rewards can only be claimed 3 epochs later

• Distribution of ICD during Expansion

  80% as Reward for Genesis NFT stakers 18% goes to DAO fund

  2% goes to DEV fund

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

ICD Supply	Expansion Rate
<500k	4.5%
500k - 1m	4%
1m - 1.5m	3.5%
1.5m - 2m	3%
2m - 5m	2.5%
5m - 10m	2%
10m - 20m	1.5%
>50m	1%

Decentral Bank 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 Genesis NFTs staked (USD value). Note: APR fluctuates from time to time and is dependent on certain factors such as:

• Price of ICD

• Amount of NFTs staked in Decentral Bank (Locked Value)

Decentral Bank on Contraction Periods

Decentral Bank will not mint any ICD (NO REWARDS ON DECENTRAL BANK) while TWAP < 1.01

Decentral Bank on Debt Phase

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

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

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

Factory (NFT Components)

Stake your ICD/MATIC LP to earn allocation points. When the allocation point is harvested, you will mint an NFT with the amount of allocation you have accumulated.

Bonds

ICDB (ICE Dollar Bonds) are available for purchase when ICD falls below the 1 MATIC peg. If ICD's TWAP is between 1.00 and 1.01, neither ICDB nor ICD will be issued.

e.g. if ICD's TWAP < 1, exchange ICD for ICDB will be in a 1:1 ratio.

ICDB (bond tokens) are available for redemption when ICD goes above the 1 MATIC peg.

To encourage redemption of ICDB for ICD when ICD TWAP > 1.1 and incentivize users to redeem at a higher price, ICDB redemption will be more profitable with a higher ICD TWAP value, of which ICDB to ICD ratio will be 1:R, where R can be calculated in the formula as shown below:

R=1+[(ICD(​twapprice)−1)∗coeff)]

Where coeff = 0.7