Boardroom

Stake your $RSHARE to earn $RUBY

Boardroom is the money printer of Ruby Finance 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 RSHARE in the boardroom.

Staking $RSHAREs will give you $RUBY rewards when the price of $RUBY is above the peg (1 RUBY: 1 USDC), 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 RSHARE into/from the Boardroom will lock RSHARE for 6 epochs and RUBY rewards for 3 epochs.

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

• Max Expansion Rate: 2%

• Distribution of RUBY during Expansion

  30% as Reward for Boardroom RSHARE Stakers

30% goes to DAO fund

10% goes to Treasury

15% as future reward for LP stakers

10% goes to RUSD vault (this fund will be used for initial funding/minting of RUSD) *RUSD is fractional USD-pegged coin in our roadmap.

5% goes to DEV 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

There is a 1% tax fee per stake. The unstake fee is 0% during expansion, and 5% on contraction period. These fees will be used to buy back RUBY (to Insurance Fund).

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

• Price of RUBY

• Price of RSHARE

• Amount of RSHARE 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 RBONDs to be redeemed.

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

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