Bae Finance
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Tokens

BAEP

BAEP address: 0x8E11FF9a74Ae97b295e14f8D9d48E3A3d72CE890
BAEP token is designed to be used as a medium of exchange. The built-in stability mechanism in the protocol aims to maintain PEG to 1 TOMB token.
Note that BAEP actively pegs via the algorithm, it does not mean it will be valued at 1 TOMB all times as it is not collaterized . BAEP is not to be confused for a crypto or fiat-backed stable-coin.

BAE

BAE Address: 0xEc2Bf1C23188e78B8E187146d14c823679Df01fd
BAE token is one of the ways to valuate of BAE Finance Protocol and shareholder trust in its ability to maintain BAEP close to peg. During epoch expansions the protocol mints BAEP and distributes it proportionally to all BAE holders who have staked their tokens in Bedroom.
BAE holders have voting rights (governance) on proposals to improve the protocol and future use cases within the BAE finance ecosystem.
BAE has a maximum total supply of 115,561 tokens distributed as follows:
  1. 1.
    DAO Allocation: 9,630 BAE vested linearly 180 days
  2. 2.
    Team Allocation: 9,630 BAE vested linearly over 180 days
  3. 3.
    Rewards: 96,300 BAE are allocated for incentivizing Liquidity Providers in multiple share pools for 370 days
  4. 4.
    Initial mint: 1 BAE minted upon contract creation for initial pool

BBOND

BBond Address: 0x87d5EB898354F93b84DF4548D18A600214da1Dc5
Bonds (BBOND) main job is to help incentivize changes in supply during an epoch contraction period. When the TWAP (Time Weighted Average Price) falls below 1 TOMB, BBONDs are issued and can be bought at the current price. Exchanging BAEP for BBOND burns BAEP tokens, taking them out of circulation (deflation) and helping to get the price back up to 1 TOMB. These BBOND can be redeemed for BAEP when the price is above peg in the future, plus an extra incentive for the longer they are held above peg. This amounts to inflation and sell pressure for BAEP when it is above peg, helping to push it back toward 1 TOMB.
All holders are able to redeem their BBOND for BAEP tokens as long as the Treasury has a positive BAEP balance, which typically happens when the protocol is in epoch expansion periods.
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BAEP
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