EWAND - Deathly hallows Token

EWAND token is designed to be used as a medium of exchange. The built-in stability mechanism in the protocol aims to maintain EWAND's peg to 1 JOE token in the long run.
Note that EWAND actively pegs via the algorithm, it does not mean it will be valued at 1 JOE all times as it is not collaterized. EWAND is not to be confused for a crypto or fiat-backed stablecoin.

CLOAK - Deathly hallows Share Token

Deathly hallows Shares ($CLOAK) are one of the ways to measure the value of the EWAND Protocol and shareholder trust in its ability to maintain EWAND close to peg. During epoch expansions the protocol mints EWAND and distributes it proportionally to all EWAND holders who have staked their tokens in the Boardroom.
CLOAK has a maximum total supply of 60000 tokens distributed as follows:
  1. 1.
    DAO Allocation: 4999 CLOAK vested linearly 120 days
  2. 2.
    Team Allocation: 5000 CLOAK vested linearly 120 dáy
  3. 3.
    Remaining 50000 CLOAK are allocated for incentivizing Liquidity Providers in CLOAK reward pools for 12 months
  4. 4.
    1 CLOAK be minted for initial liquidity

STONE - Deathly hallows Bonds Token

STONE main job is to help incentivize changes in STONE supply during an epoch contraction period. When the TWAP (Time Weighted Average Price) of EWAND falls below 1 JOE, STONE are issued and can be bought with EWAND at the current price. Exchanging EWAND for STONE burns EWAND tokens, taking them out of circulation (deflation) and helping to get the price back up to 1 JOE. These STONE can be redeemed for EWAND 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 EWAND when it is above peg, helping to push it back toward 1 JOE.
Contrary to early algorithmic protocols, STONE do not have expiration dates.
All holders are able to redeem their STONE for EWAND tokens as long as the Treasury has a positive EWAND balance, which typically happens when the protocol is in epoch expansion periods.