​Euphoria features several policy variables that allows us to optimize the protocol.


Every time a user Mints WAGMI on Euphoria, they are actually purchasing a bond. These Bonds have various parameters which can be set for each bond type independently: 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. Currently this is set to 5 days.


The Deflation Control Variable (DCV) allows us to scale protocol buy pressure up or down. A higher DCV means more buy pressure and higher deflation. A lower DCV means less buy pressure and a weaker floor.


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


There are no variables in the staking contract. WAGMI and sWAGMI are always redeemable 1:1, and profits are always distributed equally to stakers through rebase.