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.