> For the complete documentation index, see [llms.txt](https://ravelin-finance.gitbook.io/docs.ravelin.finance/llms.txt). Markdown versions of documentation pages are available by appending `.md` to page URLs; this page is available as [Markdown](https://ravelin-finance.gitbook.io/docs.ravelin.finance/protocol/platform.md).

# Platform

## Boardroom

* Epoch duration: 6 hours
* Deposits / Withdrawal of RSHARE into/from Boardroom will lock RSHARE for 6 epochs and RAV rewards for 3 epochs. 
* RAV rewards claim will lock staked RSHARE for 6 epochs and the next RAV rewards can only be claimed 3 epochs later
* Distribution of RAV during Expansion

  **75%** as Reward for Boardroom RSHARE Stakers\
  **20%** goes to DAO fund

  **5%** goes to DEV fund
* Epoch Expansion: Current expansion cap base on RAV supply, if there are bonds to be redeemed, 65% of minted RAV goes to treasury until its sufficiently full to meet bond redemption. If there is no debt it will follow max capped expansion rate

| Ravcube Supply | Expansion Rate |
| -------------- | -------------- |
| <200k          | 4.5%           |
| 200k+          | 4%             |
| 400k+          | 3.5%           |
| 600k+          | 3%             |
| 1m+            | 2%             |
| 2m+            | 1.5%           |
| 5m+            | 1%             |

### Boardroom UI Available information

Next **Seigniorage** indicates a countdown timer to the next epoch. (Each epoch duration lasts for 6 hours)                                                                                                              &#x20;

**APR** refers to the simple returns in USD value relative to the amount of RSHARE staked (USD value).\
*Note:* *APR fluctuates from time to time and is dependent on certain factors such as:*

* Price of RAV
* Price of RSHARE
* Amount of RSHARE staked in Boardroom (Locked Value)

### Boardroom on Contraction Periods

Boardroom will **not** mint any RAV (*NO REWARDS ON BOARDROOM*) while TWAP < 1.01

### Boardroom on Debt Phase

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

65% of Expansion during Debt Phase is allocated to the Treasury Fund to prepare for the RBOND Redemption. This amount is still reserved whether or not RBOND holders are redeeming bonds or not.

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

## FARM (Shares)

Stake your LP to earn RSHARE tokens

Shares Pools (Shares Reward) available for 12 months:

* **RAV/mADA:** 55,000
* **RSHARE/mADA:** 45,000
* **DAO:** 6,000
* **DEV Funds**: 5,000

## Bonds

RBOND (bond tokens) are available for purchase when RAV falls below the 1 ADA peg. If RAV's TWAP is between 1.00 and 1.01, neither RBOND nor RAV will be issued.

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

RBOND (bond tokens) are available for redemption when RAV goes above the 1 ADA peg.

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

&#x20;                       R=1+\[(RAV(​twapprice)−1)∗coeff)]

Where coeff = 0.7