# Platform

**The Farm**

* Epoch duration: 6 hours
* Deposits / Withdrawal of PSHARE into/from The Farm will lock PSHARE for 6 epochs and PIGGY rewards for 3 epochs.
* PIGGY rewards claim will lock staked PSHARE for 6 epochs and the next PIGGY rewards can only be claimed 3 epochs later
* Distribution of PIGGY during Expansion

**80%** as Reward for PSHARE Stakers **14%** goes to DAO fund

**2%** goes to DEV fund

**4%** goes to TEAM fund

* Epoch Expansion: Current expansion cap base on PIGGY supply, if there are bonds to be redeemed, 65% of minted PIGGY goes to treasury until its sufficiently full to meet bond redemption. If there is no debt it will follow max capped expansion rate

**The Farm UI Available information**

Next **Seigniorage** indicates a countdown timer to the next epoch. (Each epoch duration lasts for 6 hours)

**APR** refers to the simple returns in USD value relative to the amount of PSHARE staked (USD value). *Note:* *APR fluctuates from time to time and is dependent on certain factors such as:*

* Price of PIGGY
* Price of PSHARE
* Amount of PSHARE staked in The Farm (Locked Value)

**The Farm on Contraction Periods**

The Farm will **not** mint any PIGGY (*NO REWARDS ON THE FARM*) while TWAP < 1.01

**The Farm on Debt Phase**

Debt Phase take place on the expansion epochs that start after a contraction period where there are still Tbonds to be redeemed.

65% of Expansion during Debt Phase is allocated to the Treasury Fund to prepare for the PBOND Redemption. This amount is still reserved whether or not PBOND holders are redeeming bonds or not.

Once PIGGY in treasury is sufficiently full to meet all circulating bond redemption, expansion rates will resume to normal.

PBOND emitted per epoch during contraction periods can be found on Regulations.

**Pig Sty**

Stake your LP to earn PSHARE tokens

Shares Pools (Shares Reward) available for 12 months:

* PIGGY-AVAX LP: 35500 Shares
* PSHARE-AVAX LP: 24000 Shares

**Wolf Den**

PBOND (bond tokens) are available for purchase when PIGGY falls below the 1 AVAX peg. If PIGGY's TWAP is between 1.00 and 1.01, neither PBOND nor PIGGY will be issued.

e.g. if PIGGY's TWAP < 1, exchange PIGGY for PBOND will be in a 1:1 ratio.

PBOND (bond tokens) are available for redemption when PIGGY goes above the 1 AVAX peg.

To encourage redemption of PBOND for PIGGY when PIGGY TWAP > 1.1 and incentivize users to redeem at a higher price, PBOND redemption will be more profitable with a higher PIGGY TWAP value, of which PBOND to PIGGY ratio will be 1:R, where R can be calculated in the formula as shown below:

R=1+\[(PIGGY(​twapprice)−1)∗coeff)]

Where coeff = 0.7
