๐ŸคThe Meeting Room

Its you and Me pal

Welcome to The Meeting Room, commonly known as the Boardroom, the central inflation mechanism that is the powerhouse behind Project ZED. This is where $ZED tokens are created.

There are three core elements to the Meeting Room

Staking

Users have the option to stake their ZSHARE tokens in The Meeting room.

Minting

When the value of $ZED surpasses that of USDC, The Meeting Room generates new tokens.

Incentive

The freshly minted $ZED tokens are then distributed to stakers based on their contribution of ZSHARE tokens.

Critical factors

  1. Epoch Duration: 6 hours

    The term "epoch duration" refers to the period of time defined for a specific phase or cycle within Project ZED. In this context, it's set at six hours. This means that operations and calculations within The Meeting Room occur in intervals of six hours and rewards for each epoch can vary within each six-hour time slot depending on a variety of factors such as TVL, Price of ZSHARE, and the amount of $ZED circulating supply.

  2. Deposits/Withdrawals: Depositing or withdrawing ZSHARE tokens into/from The Meeting Room will lock them for 6 epochs, and $ZED rewards for 3 epochs.

    This statement outlines the consequences of depositing or withdrawing ZSHARE tokens in and out of The Meeting Room. When a user initiates such an action, it triggers a locking mechanism. This means that the ZSHARE tokens involved in the transaction will be temporarily inaccessible for a duration of six epochs. Similarly, any rewards in $ZED tokens earned through this process will also be locked, but for a slightly shorter period of three epochs. This mechanism aims to ensure stability and fairness in the ecosystem.

  3. Reward Claims: Claiming $ZED rewards will lock staked ZSHARE tokens for 6 epochs, with subsequent $ZED rewards only claimable after 3 epochs.

    This section pertains to the process of claiming rewards in $ZED tokens. When a user claims their rewards, it initiates another locking period. Specifically, the ZSHARE tokens that are staked will be temporarily locked for six epochs. After this initial lock-up period, subsequent $ZED rewards can be claimed, but only after a duration of three epochs. This system is designed to regulate the flow of rewards and maintain a balanced distribution.

  4. Inflationary: The Meeting Room will not produce any $ZED tokens when the TWAP < 1.001.

    The term "inflationary" in this context means that The Meeting Room has a condition set to control the creation of $ZED tokens. If a particular metric, known as the TWAP (Time-Weighted Average Price), falls below the threshold of 1.001, The Meeting Room will halt the production of new $ZED tokens. This measure is in place to ensure that the token economy remains stable and doesn't experience an excess of new tokens flooding the market.

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