Getting Started

How to buy?

You can buy $SCARAB and $GSCARAB from SpiritSwap!

Getting Started

“Generally speaking, what's the easiest flow to follow for compounding rewards?”

The following is NOT FINANCIAL ADVICE. It is for education and entertainment purposes only.
There are countless strategies, and which one you choose depends on your risk tolerance and short, medium, and long-term goals. That being said, the "plug-and-play" method is detailed below. Also, take some profits along the way. Don't get too greedy.
If $SCARAB is OVER the peg:
-Buy $SCARAB and pair it with $FTM to provide liquidity, and stake your SCARAB-FTM LP in the farm to earn $GSCARAB rewards. -Take your $GSCARAB rewards and stake them in the Temple to earn inflationary $SCARAB rewards. -Sell half of your earned $SCARAB for $FTM, and compound it back into the SCARAB-FTM LP. -Profit!

If $SCARAB is UNDER the peg:

1.Buy or use your farmed SCARAB and exchange it for SBOND. If you are LP'ing, you can break the LP to exchange $SCARAB for $SBOND, and use the remaining $FTM to buy $SCARAB to also exchange for $SBOND. Now you have a big fat bag of $SBOND, to exchange for $SCARAB at a bonus rate once it's above peg and you've also helped bring $SCARAB back above peg so that the Temple can resume printing.
2.Sell $SBOND for a redemption bonus once $SCARAB is back over peg (above 1.01 TWAP).

"What is 50/50?"

50/50 is the method best suited to provide stability for both the platform and for your underlying investment. By boosting liquidity, the 50/50 strategy reduces price volatility, and helps $SCARAB stay above the peg for longer to keep the Temple printing. This, in turn, attracts new investors and keeps the ecosystem growing. 1)When you claim your $SCARAB rewards in the Temple, sell 50% of them for $FTM. 2)When you go to provide SCARAB-FTM LP, stake the entirety of your remaining SCARAB with the $FTM you've just purchased.

"APR is much higher in the Boardroom than in the farm for SCARAB-FTM LP. Why would I not just invest everything there?"

The farm APR is linear and prints 24/7, regardless of Scarab's relation to the peg. Temple, on the other hand, prints only when Scarab's TWAP is above 1.01. Therefore, it may not always be that an investor gets a higher return from the Boardroom than from the SCARAB-FTM pool. Because $SCARAB follows the price of $FTM, the SCARAB-FTM LP is akin to holding $FTM in your wallet, except with the bonus of a high farming APR on top of it. In other words, if you're bullish on $FTM's price action, the SCARAB-FTM LP is a way of holding exposure to that single asset while also reaping high APRs.

Terms and Mechanisms

"What is an expansionary epoch?"

An expansionary epoch is the amount of $SCARAB that is printed by $GSCARAB in order to increase the total circulating supply.
To simplify the explanation with a hypothetical example, let’s say an epoch is 3 days long and there are $100 dollars in the circulating supply.
If the money printer grows the supply by 10% of the existing circulating supply each day, at the end of the 3 days you'd have 100*1.1*1.1*1.1 = $133.
Then, let’s say the emissions decrease to 5% per day.
You’d then have have $133 *1.05 *1.05 *1.05 = $153 at the end of this second epoch.

“What is compounding in the context of”

Earning a return on gains you've already made from previous periods is what is commonly referred to as compounding.
For example, consider a 3% daily APR on an initial investment of $100.
After 24 hours it would grow to $103.
After 365 days without compounding: $1195.
After 365 days, compounding once daily: $4,848,272.

Core Values

“I'm invested in the project for the long term, and I feel guilty taking profits. Am I still a team player if I move profits somewhere outside of the project?”

Never put all your funds in one basket, even if it's $SCARAB. Always take gains along the way. The SCARAB team views it as a success if, over time, everyone gets their initial investment back into their wallets and continues investing with the profits that come after that.
Last modified 10mo ago