βš–οΈMagic Fed

The MagicFed is the DAO ruling Elexir’s economy. Its main goal is to constantly make sure that the treasury is stable and the user rewards consistent.

In order to do that, the Magic Fed will

  1. control the supply of Cauldrons, Cookbooks and Claim Stones

  2. constantly tweak elements of the economy

By controlling every parameter of the economy, the protocol will be able to keep the treasury stable and users reward consistent.

See it like a lever the DAO will be able to action in regards of the treasury health and the price of $ELXR.

Magic Fed Levers ✨

Batches releases

Cauldrons, Cookbooks and Claimstone are released by batches controlled by the MagicFed.

Each batches has a quantity, item price and an end date.

When the KPIs of the treasury enables it helping controlling the growth of Elexir and the runway of the rewards. Elexir assets are designed to be scarce!

✨ So you better be ready when the MagicFed drop new Cauldrons! To make sure you will not miss any drops we recommend you follow https://twitter.com/MagicFedAlerts

Elexir factor

This factor can be raised or lowered depending on the Treasury's health. It cannot go lower than 1 (initial factor).

Bonding discount

The discounts are controlled by the MagicFed.

Incubator APR

In the Incubator you can stake $ELXR and get Cookbooks and Claimstones in return, the daily amount available for the staking pool is controlled by the MagicFed.

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