TOKENS

1. HEIMDAL TOKEN

HEIMDAL token is designed to be used as a medium of exchange. The built-in stability mechanism in the protocol aims to maintain HEIMDAL's peg to 1:1 $BANANA.

2. $HEIMSHARE

HEIMDAL SHARE ($HEIMSHARE) is one of the ways to measure the value of the HEIMDAL finance protocol and shareholder trust in its ability to maintain $HEIMDAL close to peg. During epoch expansion the protocol mints HEIMDAL and distributes them proportionally to all $HEIMSHARE holders who have staked their tokens in the Boardroom.

$HEIMSHARE holders have voting rights (governance) on proposals to improve the protocol and future use cases within the HEIMDAL FINANCE ecosystem.

$HEIMSHARE has a maximum total supply of 50001 tokens

Initial mint: 1 HEIMSHARE minted upon contract creation for initial pool

3. HEIMBOND

HEIMDAL BONDs (HEIMBOND) main job is to help incentivize changes in HEIMDAL supply during an epoch contraction period. When the TWAP (Time Weighted Average Price) of HEIMDAL falls below 1:1 BANANA, HEIMBOND is issued and can be bought with HEIMDAL at the current price.

Exchanging HEIMDAL for HEIMBOND burns HEIMDAL tokens, taking them out of circulation (deflation) and helping to get the price back up to 1 BANANA. These HEIMBOND can be redeemed for HEIMDAL when the price is above peg in the future, plus an extra incentive for the longer they are held above peg. This amounts to inflation and sell pressure for HEIMDAL when it is above the peg, helping to push it back toward 1 BANANA.

All holders are able to redeem their HEIMBOND for HEIMDAL tokens as long as the Treasury has a positive HEIMDAL balance, which typically happens when the protocol is in epoch expansion periods.