🧠Gud To Know

sum fings that are gud to know:

Circulating Supply and Treasury:

All NFTs are in circulation, this means supply can only go down. The $iBGT/$vBGT within the treasury can only go up. Yield and burns will fluctuate month to month. However, as more paper hands jeet their Booga Bullas, more yield will be distributed to less holders.

• Supply Decreases -> More yield per NFT for buybacks and holder distributions

• Treasury Grows -> More Yield for buybacks and holder distributions

Vase Finance Integration:

Once Vase Finance launches, all $iBGT within the treasury will be used to mint $vBGT. Booga Bullas will operate a sub-validator on Vase Finance . All treasury $vBGT will be boosted to said sub-validator. Sub-validators offer flexibility and optionality in regards to treasury strategies.

Treasury Strategies:

• 💰Growth Maxing💰: Focus on maximizing treasury growth by sneding as much BGT emissions as possible towards Booga Bullas Reward Vault (TBA: based on Governance). This strategy will be deployed when the floor value of Booga Bullas NFT is more than 30% above the fair value of the corresponding treasury. Resulting in fast treasury growth and therefore more budget for Booga Bullas sweeps over the longterm time horizon.

  • Booga Bulla Floor 30% above Treasury Fair Value ➡️ 💰Growth Maxing💰

• 🔥Burn Maxing🔥: Focus on maximizing treasury yield by sneding BGT emissions toward rewards vault offering highest $incentive rate per BGT and use said yield for sweeping and burning the floor of Booga Bullas. This strategy will be deployed when the floor value of Booga Bullas NFT is less than 30% above the fair value of the corresponding treasury, resulting in higher floor and less circulation supply.

  • Booga Bulla Floor less than 30% above Treasury Fair Value ➡️ 🔥Burn Maxing🔥

•