Mechanics Part 3: Bonus Rewards
OK we are back for Part 3.
If you haven’t read already, here are our previous articles on mechanisms:
- TempleDAO principles and the intrinsic value concept
- Mechanics 1: Safe Harvest & intrinsic value (👈 important context)
- Mechanics 2: Safe Premium
Let’s dive in.
Bonus rewards, eh?
Part 1 and 2 have covered the fundamentals of buying, staking, and rewards. This is the front entrance to the Temple.
Occasionally TempleDAO’s Safe Harvest of Rewards will have accumulated excess rewards. This means that we can offer higher than usual rewards for a limited time. Note that because rewards are limited by growth in intrinsic value, this is only possible at certain times and for limited volume.
When we have excess rewards available, the Temple creates a Special Offer: a rare opportunity to earn higher, otherwise unavailable APY. This is the special side entrance to the Temple, only open when we have the excess rewards available to do so.
Tell me the details of the offer
Everything is the same as regular buying and staking. You buy $TEMPLE, stake, and earn staking rewards including your bonus. However there are a few differences:
And that’s it! A little simpler than the previous articles.
One more thing..
We will launch this contract first
This will allow early, active, and helpful community members to buy first at a discounted price. We will release more details in our tokenomics article coming soon.
One more article on our mechanics: the exit queue and temple defend features.
After that we have the roadmap and tokenomics.
Any questions? Discuss? Jump into the #medium-posts channel in Discord.
The Temple Team
The information provided in this Medium Post pertaining to Temple DAO (“Temple DAO”), its crypto-assets, business assets, strategy, and operations, is for general informational purposes only and is not a formal offer to sell or a solicitation of an offer to buy any securities, options, futures, or other derivatives related to securities in any jurisdiction and its content is not prescribed by securities laws. Information contained in this Medium Post should not be relied upon as advice to buy or sell or hold such securities or as an offer to sell such securities. This Medium Post does not take into account nor does it provide any tax, legal or investment advice or opinion regarding the specific investment objectives or financial situation of any person. Temple DAO and its agents, advisors, directors, officers, employees and shareholders make no representation or warranties, expressed or implied, as to the accuracy of such information and Temple DAO expressly disclaims any and all liability that may be based on such information or errors or omissions thereof. Temple DAO reserves the right to amend or replace the information contained herein, in part or entirely, at any time, and undertakes no obligation to provide the recipient with access to the amended information or to notify the recipient thereof. The information contained in this Medium Post supersedes any prior Medium Post or conversation concerning the same, similar or related information. Any information, representations or statements not contained herein shall not be relied upon for any purpose. Neither Temple DAO nor any of its representatives shall have any liability whatsoever, under contract, tort, trust or otherwise, to you or any person resulting from the use of the information in this Medium Post by you or any of your representatives or for omissions from the information in this Medium Post. Additionally, the Company undertakes no obligation to comment on the expectations of, or statements made by, third parties in respect of the matters discussed in this Medium Post.