# Policy VNTR features policy constants that allow us to optimize the system. ### Bonds The 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. ### Treasury Profit Allocations are the only treasury variable. This allows us to choose who receives profits from the protocol. --- # Agent Instructions: Querying This Documentation If you need additional information that is not directly available in this page, you can query the documentation dynamically by asking a question. Perform an HTTP GET request on the current page URL with the `ask` query parameter: ``` GET https://vntrdao.gitbook.io/vntr-dao/policy.md?ask= ``` The question should be specific, self-contained, and written in natural language. The response will contain a direct answer to the question and relevant excerpts and sources from the documentation. Use this mechanism when the answer is not explicitly present in the current page, you need clarification or additional context, or you want to retrieve related documentation sections.