Vassal Mechanics: The Inner Workings of Our Noble House
Welcome, curious scholars, to the heart of the Ramses Vassal DAO. Here, we shall unveil the intricate mechanisms that power our grand alliance.
The Alchemy of Conversion
veRAM to mnRAM Transformation
Our royal alchemists have devised two methods for transmuting veRAM into the more versatile mnRAM:
The Dynamic Conversion Ritual:
A flexible fee, determined by the sacred peg of mnRAM to RAM
Our wise oracles (the protocol) set the boundaries of this fee
Beware, for this ritual may be halted if our weekly mint limit is reached
The Fixed Conversion Ceremony:
A steadfast fee of 3.5% (subject to the whims of the royal court)
Results in staked and locked mnRAM, a symbol of true dedication
The Return Journey: mnRAM to veRAM
For those wishing to reclaim their veRAM:
A fixed toll of 3.5% shall be collected (again, subject to royal decree)
The grand gates of reverse conversion may be sealed by protocol decree if necessary
The Noble Art of Staking
mnRAM Staking: A Path to Greater Rewards
Pledge your mnRAM to receive the honored Staked mnRAM
Your loyalty shall be tested for 7 days plus the time until the nearest epoch
Rewards, in the form of Staked mnRAM, shall flow to the faithful
A small tribute (0.5% fee) must be paid to harvest these bountiful rewards
Harvested rewards are bound by a 21-day enchantment
RAV Locking: The Ultimate Commitment
Lock your RAV tokens to receive the powerful vlRAV
Your commitment shall last 60 days, a testament to your dedication
Early release is possible, but at a cost that increases as you approach the unlock date
All penalties collected shall fill the royal coffers
The Wisdom of the Protocol - Governance
Our benevolent protocol holds the power to adjust these mechanics, ensuring the continued prosperity of our realm. It may:
Alter the fees for conversion and staking
Adjust the duration of locks and harvesting periods
Enable or disable various features as the needs of the kingdom dictate
In the next chapter, we shall explore the sacred art of tokenomics, revealing how these mechanics contribute to the grand economy of our Vassal DAO.
May your conversions be profitable and your stakes ever fruitful!
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