ybBTC represents a share in the (ERC20 BTC - crvUSD) LP pool.
ybBTC represents a share in the (ERC20 BTC - crvUSD) LP pool.
[5] = ƒ(liquidity_share)
liquidity_share — is the share of liquidity in the (ERC20 BTC - crvUSD) liquidity poolFuture Cashflow represents the trading fees yielded by a ybBTC holder in case of holding this asset (non-participation in the YB emission distribution).
[21] = ƒ([5], stake_rate, admin_fee, total_fees, total_ybBTC)
stake_rate — is the relative amount of ybBTC staked by all usersadmin_fee — is the minimal admin fee that determines the upper bound on the portion of fees allocated to the ybBTC holderstotal_fees — is the totality of generated protocol feestotal_ybBTC — is the total number of non-staked ybBTC, eligible for trading fees distributionDepositing ybBTC in the contract for YB emission distribution represents Access to receiving YB emissions instead of trading fees.
[4] = ƒ([5], deposit_operation)
deposit_operation — is the act of depositing ybBTC to the YB emission distribution contract, which enables access to receive YBThis Future Cashflow represents the YB emissions received by holders of the staked ybBTC.
[22] = ƒ([4], max_emission_rate, stake_rate)
max_emission_rate — is the total cap on the YB token emissionstake_rate — is the relative amount of ybBTC staked by all usersThis Conditional Action represents that the st-ybBTC (staked ybBTC) holder could also have the veYB position.
[8] = ƒ(veYB_amt)
veYB_amt — is the amount of the veYB position owned by the st-ybBTC holderThis Future Cashflow represents an increment in the veYB fees received by st-ybBTC holders since the total yield received by veYB holders depends on the stake rate.
Staking an additional amount of ybBTC increases the stake_rate variable, increasing the total yield received by veYB and, therefore, the yield of any individual veYB position.
[23] = ƒ([8], stake_rate, minimal_admin_fee, total_fees, veYB_total)
stake_rate — is the relative amount of ybBTC staked by all usersminimal_admin_fee — is the lower bound of the portion of the fees allotted to veYB holderstotal_fees — is the totality of the LP fees generated by the protocolveYB_total — is the total amount of veYB in existence