Platform

Nursery

Epoch duration: 6 hours

Deposits/withdrawals of $CAT into/from the Nursery will lock $CAT for 6 epochs and $KITTY rewards for 3 epochs.

$KITTY rewards claim will lock staked $CAT for 6 epochs and the next $KITTY rewards can only be claimed 3 epochs later.

Distribution of $KITTY during Expansion:

• 80% as reward for Nursery $CAT stakers.

• 15% goes to DAO fund.

• 5% goes to dev fund.

Epoch Expansion: Current expansion cap base on $KITTY supply, if there are bonds to be redeemed, 65% of minted $KITTY goes to the treasury until it is sufficiently full to meet bond redemption. If there is no debt it will follow max capped expansion rate.

Nursery 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 $CAT staked ($USD value).

Note: APR fluctuates from time to time and is dependent on certain factors such as:

• Price of $KITTY.

• Price of $CAT.

• Amount of $CAT staked in Nursery.

Nursery on Contraction Periods

The Nursery will not mint any $KITTY (NO REWARDS ON NURSERY) while TWAP < 1.01. Nursery on Debt Phase

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

65% of expansion during debt phase is allocated to the treasury fund to prepare for the $sKITTY redemption. This amount is still reserved whether or not $sKITTY holders are redeeming bonds or not. Once the $KITTY in the treasury is sufficiently full to meet all circulating bond redemption, expansion rates will resume to normal.

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

Shares

Stake your LP to earn $CAT tokens

Shares pools (shares reward) available for 12 months:

• $KITTY-$AVAX LP: 35500 shares.

• $CAT-$AVAX LP: 24000 shares.

Bonds

$sKITTY (bond tokens) are available for purchase when $KITTY falls below the peg. If $KITTY’s TWAP is between 1.00 and 1.01, neither $sKITTY nor $KITTY will be issued.

For example, if $KITTY's TWAP < 1, exchange KITTY for SKITTY will be in a 1:1 ratio.

$sKITTY (bond tokens) are available for redemption when $KITTY goes above the 1 $AVAX peg.

To encourage redemption of $sKITTY for $KITTY when $KITTY TWAP > 1.1 and incentivise users to redeem at a higher price, $sKITTY redemption will be more profitable with a higher $KITTY TWAP value, of which $sKITTY to $KITTY ratio will be 1:R, where R can be calculated in the formula as shown below:

R = 1 + [ ($KITTY (​TWAP price) − 1 ) ∗ coeff)] Where coeff = 0.7