Contractions & TBond

1. "When can I swap $TANGERINE for $TBOND?"

$TBOND will only become available in the bonds section following epochs in which the Time Weighted Average Price (TWAP) of $TANGERINE is under peg. This means that $TANGERINE's price will have had to have been under 1 $BNB per 1000 TANGERINE for the majority of the previous epoch in order to trigger the bonds section to "open".

The bonds section will always open at the very beginning of a new epoch, and remain open for the entire epoch — the bonds section can not and will never open mid-epoch — and during epochs in which the bonds section is open, $TANGERINE will not be printed in the Boardroom.

2. "What is the formula to calculate the redemption bonus for $TBOND?"

To encourage redemption of $TBOND for $TANGERINE when $TANGERINE's TWAP > 1.1, and in order to incentivize users to redeem at a higher price, $TBOND redemption will be more profitable with a higher $TANGERINE TWAP value. The $TBOND to $TANGERINE ratio will be 1:R, where R can be calculated in the formula as shown below:

$$R=1+[(TANGERINEtwapprice)-1)*coeff)]$$

$$coeff = 0.7$$

To further illustrate why the longer you hold $TBOND the more profitable it is, let's take an initial $1000 investment into consideration. In this example, say this $1000 is used to buy $TANGERINE when $TANGERINE TWAP is 0.95 and then swapped for $TBOND.

If these $TBOND are redeemed when: - $TANGERINE TWAP is 1.5, your investment would now be worth $1421. - $TANGERINE TWAP is 2, your investment would now be worth $1789. - $TANGERINE TWAP is 3, your investment would now be worth $2526. - $TANGERINE TWAP is 5, your investment would now be worth $4000.

3. "I expected $TBOND to be issued in the bonds section, but there is none. Why?"

There is a balanced state "at peg" when $TANGERINE's TWAP is between 1.00 and 1.01, and this means there is neither contraction nor inflation.

4. "When can I swap $TBOND back to $TANGERINE?"

You can swap it back again when the following two criteria are met:

1: $TANGERINE TWAP is above peg and

2. There is enough in the treasury to cover it the redemption.

5. "Is $TBOND right for me?"

Like anything else in crypto, obtaining $TBOND is not risk-free. Just like in the real world, you are purchasing debt from the protocol with the expectation that you will be redeemed at a premium in the future. To date, this has occurred after all contractions, but past performance does not guarantee the same future outcomes.

$TBOND is ideal for those with a medium to long-term time preference, as it incentivizes hodling in exchange for potentially extremely lucrative rewards. If you are looking for a quick flip or have short-term time preference, $TBOND may not be the right investment option for you.