πŸ›οΈOG Reserve

Allocator of the Realm of OGs

Established by OG Bank

OG Bank created OG Reserve to allow for the emergence of $OGC, the common value of the Realm.

OG Reserve was created to be accessible to all OGs, although ownership of some portion of $OGG is required to participate.

Initial Funding

OG Bank securely transferred all of the remaining supply of $OGC (70%) to OG Reserve for distribution within the Realm.

Reserve Operations

Mirroring many basic elements of OG Mine, OG Reserve functions similarly, in this case, to distribute $OGC.

$OGC Emissions

OG Reserve emits 274m (274,000,000) $OGC each Epoch, thus the rate of $OGC emitted remains constant. There is no end date for OG Reserve's emissions; though theoretically, the end would calculate to 10,000 epochs (or 7 years), considering the total supply of $OGC initially sent to OG Reserve for distribution with no replenishment.

Reserving $OGG

OGs can earn $OGC each epoch by visiting OG Reserve:

To participate in OG Reserve, OGs must lock $OGG in any amount in OG Reserve for 100 epochs. There are no locking fees.

Allocating $OGG

During the 100-epoch locked timeframe (and for any number of epochs after this initial lock where an OG chooses not to unlock their $OGG), OGs can return to OG Reserve each epoch to allocate their locked $OGG to any of 4 Reserve Slots:

  • Alpha

  • Beta

  • Gamma

  • Delta

OGs can utilize up to 100% of their locked $OGG in any allocation across a minimum of 1 Reserve Slot.

Reserve Fees

OGs can reserve any number of times each epoch by paying the reserve fee, paid in either SOL or $OGC, as long as they have unallocated locked $OGG. Additional $OGG can be locked in OG Reserve at any time to allocate additional $OGG to the Reserve Slots.

Winning Reserve Slot

At the end of each epoch, the Reserve Slot with the 2nd largest amount of locked $OGG is chosen. This slot distributes the entire epoch reward (274m $OGC) to reservers who allocated locked $OGG to it. Each reserver’s reward is based on the proportion of their locked $OGG contributed to that slot during the epoch.

Difficulty Curve

During an epoch, reserve fees increase with each new reserver (reserve difficulty). Reserve difficulty is reset each epoch.

Replenishing the Reserve

Reserve Fees

The Repurchase Program utilizes all collected reserve fees to buy $OGC back from the open market and deposit it back into OG Reserve, ultimately functioning to replenish the OG Reserve.

Unclaimed $OGC

$OGC earned but not claimed by an OG within 10 epochs is also returned to OG Reserve, further contributing to the replenishment function of OG Reserve.

OGs Secure the Realm

$OGC represents the common value of the Realm, thus making OG Reserve a critical OG-powered institution of the Realm. OG Reserve awards those OGs who secure the value of the Realm ($OGG) with a continuous flow of $OGC as the Realm grows in power.

Unlike an outer world institution like the Federal Reserve, OG Reserve, comprised of $OGG and $OGC, is controlled entirely by OGs without permission or regulation.

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