Supra Dollar

SDO

SDO — Supra Dollar

Supra Dollar (SDO) tokens are designed to be used as a medium of exchange. The built-in stability mechanism in the protocol determistically expands and contracts the SDO supply to maintain SDO’s peg to 1 $BUSD token (which trades closely to a single United States Dollar).

SSO

SSO — Supra Dollar Shares

Supra Dollar Shares (SSO) loosely represent the value of the Supra Dollar Protocol and trust in its systemic ability to maintain SDO to peg. During epoch expansions (when TWAP — time-weighted average price of SDO is above the 1 $BUSD peg), the protocol mints SDO and distributes it proportionally to all SSO holders who have staked their tokens in the boardroom.

SBO

SBO — Supra Dollar Bonds

Supra Dollar Bonds (SBO) help to incentivize changes in SDO supply during both epoch expansion and contraction periods. For starters, the exchange rate for SDO to SBO is 1:1, but SBO to SDO ratio is dependent upon the mechanism as described below. When SDO’s TWAP falls below 1 $BUSD peg, SBO gets issued and can be bought with SDO at its prevailing price. Doing so takes SDO out of its circulating supply.

Boardroom

  • Epoch duration: 8 hours during expansion and 6 hours during contraction — the protocol reacts faster to stabilize SDO price to peg as compared to other protocols with longer epoch durations.
  • Epoch Expansion: Capped at 6% if there are bonds to be redeemed, 4% if treasury is sufficiently full to meet bond redemption.
  • Bootstrap period: 4 days (12 epochs) goes with full expansion 4% each epoch
  • The protocol keeps 75% of the expanded SDO supply for SSO boardroom stakers for each epoch expansion, 25% toward treasury.
  • First epoch on block 6467360, April 11, 2021 12:00:00

Banks

Initially we will offer farming opportunities using the tokens of our partners.

  • Supra-BNB
  • FLP-BNB
  • C101-BNB
  • A009-BNB
  • A010-BNB
  • SDO-BUSD
  • SDO-USDT
  • MDO
  • SLIME
  • BDO
  • CRL
  • SPG-BNB LP
  • VLAD-BUSD LP
  • BTD
  • Cake
  • Alloy
  • SSO-BNB x50
  • SSO-BUSD x50
  • SSO-USDT x50
  • A010-BNB x5
  • SUPRA-BNB x5
  • FLP-BNB x5

Stabilization Mechanism

  • When SDO trades below the $1 target price
  • 500k+ 3.50% Cap
  • 1m+ 3.00% Cap
  • 2m+ 2.50% Cap
  • 5m+ 2.00% Cap
  • 10m+ 1.50% Cap
  • 20m+ 1.25% Cap
  • 50m+ 1.00% Cap
  • 100m+ 0.75% Cap
  • 200m+ 0.50% Cap
  • 1B+ 0.25% Cap

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Supra Finance

Supra Finance

Supra is a project for #Defi at #BSC implementing innovative low, medium and high risk investment systems