Policy

MAMA DAO features policy constants that allow us to optimize the system.

Bond Control Variable
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The Bond Control Variable BCV allows us to scale the rate at which bond premiums increase. A higher BCV means a lower discount for bonders and more protocol profit. A lower BCV means a higher discount for bonders and less protocol profit.
The vesting term determines how long it takes for bonds to become fully redeemable. A longer term means lower inflation and lower bond demand.

Treasury
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Profit Allocations are the only treasury variable. This allows us to choose who receives profits from the protocol.

Staking
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There are no variables in the staking contract. MAMA and sMAMA are always redeemable 1:1, and profits are always distributed equally through harvest.