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The End of Genesis
At the end of genesis:
- Based on the current BTC 365 daily average price, a number of BTCH are minted for the genesis part, and 10% are automatically staked.
- Based on the current BTC 365 daily average price and the Pre-Bond Discount, BTCH is minted for pre-bond part:
- A 10% (BondRewardstoStakers Percentage) of minted BTCH (for the pre-bond) is minted in addition and sent to the Staking Reward Pool.
- Genesis participants will get an additional part of the rewards as described in the Genesis Reward Pool section.
- Protocol Development Vault will get an additional part of the rewards as described in the Protocol Development Vault section.
- All USDC will be swapped for WBTC at DEX, and the corresponding amount of BTCH is minted and paired with the WBTC to establish the initial Protocol Controlled Liquidity pool.
The BTCH generated through genesis / pre-bond, are released each epoc and then auto-staked in the staking pool.