Snake Finance is not your regular Tomb model, we have unique features that don't rely on seignorage alone and have unique features to bring real revenue flowing into our treasury
∙ Users claiming $gSNAKE rewards will harvest forest farms in $S (Currently 15% of the value of $gSNAKE)
∙ This fee reinforces peg stability and long-term ecosystem balance. This structure will evolve as the protocol grows.
Note: Once liquidity gauges for $SNAKE-$S and $gSNAKE-$S pairs are introduced, the PSM may be adjusted or removed entirely.
These dynamic expansions of $SNAKE emitted from the nest ensure that emissions are flexible and adaptable to $gSNAKE. This ensures that $SNAKE emissions from the Nest each epoch are backed by the treasury, strengthening the peg with S.
NOTE: $SNAKE rewards not claimed in the boardroom after 48 hours are BURNED as shown below This mechanism not only rewards $gSNAKE stakers & holders, but also helps stabilize the ecosystem by controlling the supply of $SNAKE & keeping $gSNAKE locked
Users can maximize yields by staking user-provided LP tokens in Shadow's farms through the treasury.
∙ Users earn $gSNAKE rewards while the protocol stakes the same LP tokens to earn in $xSHADOW
Example: Consider how Convex was a layer 2 & token optimizer for Curve Finance.
