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Stake > add $BPRO accumulated in the sidebar card. #70

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0xSzeth opened this issue Oct 25, 2021 · 1 comment
Open

Stake > add $BPRO accumulated in the sidebar card. #70

0xSzeth opened this issue Oct 25, 2021 · 1 comment
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0xSzeth commented Oct 25, 2021

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@0xSzeth 0xSzeth added the enhancement New feature or request label Oct 25, 2021
@0xSzeth 0xSzeth self-assigned this Oct 25, 2021
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0xSzeth commented Dec 3, 2021

Did some exploration on this and here's what I've gathered so far.

BPRO liquidity mining is in the form of a KPI Option contract through UMA Protocol. That means that users will continuously vest uBPRO-BIP4 tokens that can then be redeemed for BPRO tokens at the end of the LM period. If B.Protocol's $150M TVL KPI is reached, each option token will be redeemable for 3 BPRO tokens. If not, each will be redeemable for 1 BPRO token.

I have not been able to find a way to query the amount of uBPRO-BIP4 tokens we've accumulated so far. In this (https://github.com/backstop-protocol/react-client/blob/main/src/lib/ScoreInterface.js) file, a distribution address is given for the uBPRO-BIP4 token. Reading the data from the merkle tree shows 88mph's money market address for bDAI (0x85C2AcCaEEcA93e09bc9AEbb60d59A920aae92Fd) as having 0 accumulated rewards. However, this may only show the already distributed rewards.

This file is also help in determining how these values are calculated. https://github.com/backstop-protocol/react-client/blob/eecd6797a4cd5c7dd81c870744e10940fbaf14d8/src/stores/bpro.store.js

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