Policy

Peppermint features policy constants that allow us to optimize the system.

Bonds

Every time a user bonds $MINT on Peppermint, they are actually purchasing a bond. Bonds 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.

Sales

The DCV allows us to scale protocol buy pressure up or down. A higher DCV means more buy pressure and higher deflation. A lower DCV means less buy pressure and a weaker floor.

Treasury

Profit allocations are the only treasury variable. This allows us to choose who receives profits from the protocol.

In addition to this, 20% of the $MINT tokens minted to the DAO are reserved for the team allocation, to be used as the team sees fit.

Staking

There are no variables in the staking contract. $MINT and $sMINTare always redeemable 1:1, and profits are always distributed equally through rebase.