Based Shares (BSHARE) are one of the ways to measure the value of the BASED Protocol and shareholder trust in its ability to maintain BASED close to peg. During epoch expansions the protocol mints BASED and distributes it proportionally to all BSHARE holders who have staked their tokens in the Acropolis(boardroom).
BSHARE has a maximum total supply of 50000 tokens and its emissions ended on July 24th, 2022.
There will be no more than already circulating supply of 50,000 BSHARE Tokens.
BBOND - Based Bonds
Based Bonds (BBOND) main job is to help incentivize changes in BASED supply during an epoch contraction period. When the TWAP (Time Weighted Average Price) of BASED falls below 1 FTM, BBONDs are issued and can be bought with BASED at the current price. Exchanging BASED for BBOND burns BASED tokens, taking them out of circulation (deflation) and helping to get the price back up to 1 FTM. These BBOND can be redeemed for BASED when the price is above peg in the future, plus an extra incentive for the longer they are held above peg. This amounts to inflation and sell pressure for BASED when it is above peg, helping to push it back toward 1 FTM.
Contrary to early algorithmic protocols, BBONDs do not have expiration dates.
All holders are able to redeem their BBOND for BASED tokens as long as the Treasury has a positive BASED balance, which typically happens when the protocol is in epoch expansion periods.
To make these algorithms even stronger Based Labs team introduced incentivized single asset staking pool for BBONDS that pays rewards in USDC!