Energy Bolts

During the 90-day period that the FLASH is staked, the depositor receives Energy Bolts.

As Energy Bolts accrue, the depositor can distribute them to whitelisted addresses, which can be added and removed by the Possum Council. To keep a positive-sum environment, the Council will only be able to adjust this list, and will not be able to withdraw tokens from the Time Rift themselves. Additionally, users will have full discretion with whom they distribute their Energy Bolts to, and are not required to distribute any at all. Examples of whitelisted addresses will be Possum Portal addresses, as well as the Possum Treasury.

However, the more the depositor distributes their Energy Bolts, the faster their conversion balance increases. Assuming the depositor doesn’t distribute any Bolts, they’ll accrue at a 150% APR on the conversion balance. However, frequent distribution, or “bolting,” can increase that rate to 346% APY! Converting FLASH to PSM increases the value that depositors will receive in the end.. In other words – it pays to bolt!

Thus begins the flywheel of Time Rift. Not only do depositors get the option to trade in their tokens for a potentially higher amount of PSM, but they also can bolster other areas within the protocol. For example, distributing Energy Bolts to a certain Portal will eventually fund it with more PSM tokens, thereby increasing the Portal’s APY and providing more liquidity. Overall, Time Rift fosters an entirely new DeFi incentivization structure.

Our first Time Rift will be funded with 500M PSM tokens, and will be active until all tokens have been earned and distributed.

To finish off our Time Rift overview, we’ll recap how this product is positive-sum:

  • Positive for Possum community – Energy Bolts can be used to fund other areas of the Possum ecosystem, such as Portals

  • Positive for depositors – receive increased PSM rate for distributing Energy Bolts

  • Positive for Flashstake – FLASH tokens sent to their treasury, increasing their asset base

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