• Epoch duration: 6 hours
  • Deposits / Withdrawal of NSHARE into/from Boardroom will lock NSHARE for 6 epochs and NAVA rewards for 3 epochs.
  • NAVA rewards claim will lock staked NSHARE for 6 epochs and the next NAVA rewards can only be claimed 3 epochs later.
  • Distribution of NAVA during Expansion
    80% as Reward for Boardroom NSHARE Stakers 15% goes to NAVADAO fund
    5% goes to DEV fund
  • Epoch Expansion: Current expansion cap base on NAVA supply, if there are bonds to be redeemed, 65% of minted NAVA goes to treasury until its sufficiently full to meet bond redemption. If there is no debt it will follow max capped expansion rate.
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 NSHARE staked (USD value). Note: APR fluctuates from time to time and is dependent on certain factors such as:
  • Price of NAVA
  • Price of NSHARE
  • Amount of NSHARE staked in Boardroom (Locked Value)

Boardroom on Contraction Periods

Boardroom will not mint any NAVA (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 Nbonds to be redeemed.
65% of Expansion during Debt Phase is allocated to the Treasury Fund to prepare for the NBOND Redemption. This amount is still reserved whether or not NBOND holders are redeeming bonds or not.
Once NAVA in treasury is sufficiently full to meet all circulating bond redemption, expansion rates will resume to normal.
NBOND emitted per epoch during contraction periods can be found on Regulations.

Stake (Shares)

Stake your LP to earn NSHARE tokens
Shares Pools (Shares Reward) available for 12 months:
  • NAVA-REI LP: 32725 NShares
  • NSHARE-REI LP: 24000 NShares
  • REI single coin:2975 NShares

Bond (Bonds)

NBOND (bond tokens) are available for purchase when NAVA falls below the 1 REI peg. If REI's TWAP is between 1 and 1.01, neither NBOND nor NAVA will be issued.
e.g. if NAVA's TWAP < 1, exchange NAVA for NBOND will be in a 1:1 ratio.
NBOND (bond tokens) are available for redemption when NAVA goes above the 1 REI peg.
To encourage redemption of NBOND for NAVA when NAVA TWAP > 1.1 and incentivize users to redeem at a higher price, NBOND redemption will be more profitable with a higher NAVA TWAP value, of which NBOND to NAVA ratio will be 1:R, where R can be calculated in the formula as shown below:
Where coeff = 0.7
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Boardroom on Contraction Periods
Boardroom on Debt Phase
Stake (Shares)
Bond (Bonds)