Nebulous Conclave - The Boardroom

Boardroom just sounds boring.

Welcome to the Nebulous Conclave, a uniquely designed boardroom where seigniorage rewards are carefully distributed to stakeholders during expansion phases and are complemented with a variety of other rewards during alternate phases. For more information on these rewards, please refer to the "rewards" section.

The Conclave features a dual-asset staking ability, allowing for staking of shares or an equal amount of shares and NUSD, thereby enhancing the reward potential. Notably, this is not an LP stake, and hence it's free from impermanent loss.

Holding a Nebuloid NFT elevates your rewards even further. We leverage an oracle to bridge the NFT holder's wallet on ETH with the staked wallet on BSC.

Here's how the rewards play out:

• Staking shares only yields a 1:1 reward

• Staking an equal amount of shares and NUSD yields a 3:1 reward

• With a Nebuloid NFT, the reward for staking an equal amount of shares and NUSD amplifies to 4:1

Every interaction in the Conclave, be it staking, claiming, compounding, or withdrawing, triggers a lockup period: 3 epochs for pending rewards and 6 epochs for staked funds. The only exception to this rule involves using pending rewards for bonds. For more information on this, please refer to the "Bonds" section. Rewards increase over time for longer epoch lockups, up to a week.

In the expansion phase, a maximum of 4% of the market cap will be distributed daily into the Conclave. Any additional rewards will be minted, held in contract, and will be paid out over time at a maximum of 4% daily. Once the market cap exceeds $2m, this maximum will begin to decrease.

One crucial aspect to remember is that withdrawing before rewards are paid will forfeit a corresponding portion of those rewards.

For instance, withdrawing 50% of your stake will distribute 50% of any pending rewards to other stakers still in the Conclave. This mechanism encourages stakers to maintain their position in the Conclave, even during downturns.

The progression of epochs is facilitated by a user-called function, which rewards the caller with a small bonus, in addition to covering the transaction cost. These rewards are paid out in NUSD.