Platform

Milkyway

• Epoch duration: 6 hours

• Deposits / Withdrawal of METEOR into/from Milkyway will lock METEOR for 6 epochs and COMET rewards for 3 epochs.

• COMET rewards claim will lock staked METEOR for 6 epochs and the next COMET rewards can only be claimed 3 epochs later

• Distribution of COMET during Expansion 80% as Reward for $METEOR stakers. 18% goes to DAO fund 2% goes to DEV fund

• Epoch Expansion: Current expansion cap base on COMET supply, if there are bonds to be redeemed, 65% of minted COMET goes to treasury until its sufficient to fully meet bond redemption. If there is no debt it will follow max capped expansion rate.

MILKYWAY UI Available information

Next Seigniorage indicates a countdown timer to the next epoch. (Each epoch duration lasts for 6 hours)APR refers to the simple returns in USD value relative to the amount of METEOR staked (USD value). Note: APR fluctuates from time to time and is dependent on certain factors such as:

• Price of COMET

• Price of METEOR

• Amount of METEOR staked in Milkyway(Locked Value)

Milkyway on Contraction Periods

Milkyway will not mint any COMET(NO REWARDS ON MILKYWAY) while TWAP < 1.02.

Milkyway on Debt Phase

Debt Phase take place on the expansion epochs that start after a contraction period where there are still $METEORs to be redeemed.

65% of Expansion during Debt Phase is allocated to the Treasury Fund to prepare for the $METEOR's redemption. This amount is still reserved if whether CBonds holders redeem or not .

Once $COMET in treasury is sufficiently full to meet all circulating bond redemption, expansion rates will resume to normal.

$CBonds emitted per epoch during contraction periods can be found on Regulations.

Shares

Stake your LP to earn METEOR tokens

Shares Pools (Shares Reward) available for 3 months:

• COMET-FTM LP: 35500 Shares

• METEOR-FTM LP: 24000 Shares

Bonds

CBond (bond tokens) are available for purchase when COMET falls below the 1 FTM peg. .

If COMET's TWAP is between 1.00 and 1.01, neither Cbonds nor COMET will be issued.

e.g. if COMET's TWAP < 1, exchange COMET for CBond will be in a 1:1 ratio.

Cbond (bond tokens) are available for redemption when COMET goes above the 1 FTM peg.

To encourage redemption of Cbond for COMET when COMET's TWAP > 1.1 and incentivize users to redeem at a higher price, CBond redemption will be more profitable with a higher $COMET TWAP value, of which CBond to COMET ratio will be 1:R, where R can be calculated in the formula as shown below where coeff = 0.7:

R=1+[(COMET(twapprice)−1)∗coeff)]