Rewards

1.“What will happen when circulating supply = Total supply? Will emissions stop?”

Yes. Once the max supply of $BTSHARE is reached, emissions stop. This is going to be in a year from when the $BTSHARE farms start on launch day. $BTSHARE will always print $BTFI in the Council, though, as long as $BTFI is above peg.

2.“Why is ‘at-peg’ (TWAP between 1.00 and 1.01) the best time to provide liquidity?”

When $BTFI is pegged or close to being pegged to 1 BTFI: 1 AURORA, it is more akin to having exposure to a single asset (single staking) than to your traditional LP'ing experience, where you would run the risk of impermanent loss if one of the tokens went up in value and the other did not.

3. "Wait, you mean that if $AURORA pumps, $BTFI pumps with it?"

Yes! Let's take an example: If $AURORA pumps in price, it won't 'outrun' $BTFI. The APR will vary in terms of its $USD value, but emissions won’t. This is something that wouldn't be possible with another 1:1 pegged asset like a stable coin LP position, where the $USD value is directly tied to the emissions. If $AURORA rises in $USD value, $BTFI goes with it. Same if $AURORA falls in $USD value, $BTFI will be worth less in $USD, but it won’t affect the peg. The only thing that can change the price of $BTFI in terms of its $AURORA value is buying and selling it.