Rebates

Rebates are a deflationary mechanism that supports protocol owned liquidity.

Rebates are enabled when FOX is at TWAP > 1.2 JOE

Rebates allows for bonding assets.

• Bond Liquidity:

  • FOX/JOE LP

  • FOXSHARES/JOE LP

  • SNOSHARES/JOE LP

By bonding these LP tokens, they are added to the treasury and contribute to protocol owned liquidity. This ensures that these tokens can accrue liquidity, making the price more stable over the long term.

At the price of each asset, you will receive the USD amount of FOX based on the prices at the time of bonding. The bonding premium % percentage represents the potential ROI (return on investment) at the current time of bonding.

Vesting

Your FOX reward tokens are linearly vested for 3 days.

FOX reward tokens are replenished at the start of every epoch.