Hand of God Phases
Last updated
Last updated
During Genesis, Hand of God (HOG) will incentivize the deposit of popular Sonic ecosystem tokens by rewarding participants with emissions of our peg token, $HOG. This process will bootstrap liquidity for the HOG-OS pair, which will also receive additional incentives.
The Genesis pools will include a mix of LP and single-stake options, with a 1% deposit fee, except for the HOG-OS pair, which will have no fee.
During this phase, $gHOG and $bHOG will not be available for interaction.
Expansion occurs when the peg token ($HOG) trades above its peg target, $OS. During these phases, several key mechanics come into play:
Sanctum Rewards 🏛️ (Equivalent to the Boardroom in Tomb Finance and its forks)
$HOG emissions will be distributed to users who have staked $GHOG, with emission rates dynamically adjusted by our AI-driven system.
Debt Management 💰
Our AI may enable $bHOG redemptions and introduce redemption incentives to strategically reduce the protocol's debt overhead, maintaining financial stability.
Liquidity Provider Incentives 🌊
Throughout expansion phases and all post-Genesis stages, the Elysium (our Farms page) will emit $gHOG to staked $HOG-$OS liquidity providers, with emission rates determined and frequently updated by our AI.
Contraction occurs when the peg token ($HOG) falls below its peg target, OS. During these phases, the protocol implements measures to restore the peg and maintain ecosystem stability:
Debt Reduction Mechanism 🏦
Our AI-driven system may enable $BHOG purchases using $HOG, effectively reducing $HOG supply and aiding in its return to peg.
Emission Adjustments ⚖️
Sanctum (Boardroom Equivalent): No $HOG emissions will be distributed during contraction.
Elysium (Farms): $GHOG emissions will continue, though typically at a reduced rate, dynamically adjusted by our AI based on market conditions.
These mechanisms ensure that supply expansion is controlled, reducing excess $HOG in circulation and improving peg stability.
The peg token ($HOG) is designed to maintain a loose peg to its target, allowing for natural market fluctuations. We consider a $HOG price between 0.9 and 1.1 OS to be within the desired range. During this phase, our AI dynamically adjusts its parameters to help maintain stability within this range.
Mild Expansion (1.0 – 1.1 OS) 📈
The protocol is technically in expansion, but emission rates are likely to be moderated, ensuring sustainable growth.
Mild Contraction (0.9 – 0.99 OS) 📉
The protocol is in contraction, but supply reduction measures will be applied at a reduced intensity to avoid unnecessary market shocks.
This equilibrium zone allows $HOG to remain flexible yet stable, minimizing extreme fluctuations while maintaining protocol efficiency.
