FAQ/Getting Started

Getting Started

1.“Generally speaking, what's the easiest flow to follow for compounding rewards?”

The following is NOT FINANCIAL ADVICE. It is for education and entertainment purposes only.

There are countless strategies, and which one you choose depends on your risk tolerance and short, medium, and long-term goals. That being said, the "plug-and-play" method is detailed below. Also, take some profits along the way. Don't get too greedy.

If $SPECTER is OVER the peg:

-Buy $SPECTER and pair it with $FTM to provide liquidity, and stake your SPECTER -FTM LP in the farm to earn $SSHARE rewards. -Take your $SSHARE rewards and stake them in the Mausoleum to earn inflationary $SPECTER rewards. -Sell half of your earned $SPECTER for $FTM, and compound it back into the SPECTER-FTM LP. -Profit!

If $SPECTER is UNDER the peg:

1.Buy or use your farmed SPECTER and exchange it for SBOND. If you are LP'ing, you can break the LP to exchange $SPECTER for $SBOND, and use the remaining $FTM to buy $SPECTER to also exchange for $SBOND. Now you have a big fat bag of $SBOND, to exchange for $SPECTER at a bonus rate once it's above peg and you've also helped bring $SPECTER back above peg so that the Mausoleum can resume printing.

2.Sell $SBOND for a redemption bonus once $SPECTER is back over peg (above 1.01 TWAP).

3.Profit.

2. "What is 50/50?"

50/50 is the method best suited to provide stability for both the platform and for your underlying investment. By boosting liquidity, the 50/50 strategy reduces price volatility, and helps $SPECTER stay above the peg for longer to keep the Mausoleum printing. This, in turn, attracts new investors and keeps the ecosystem growing. 1)When you claim your $SPECTER rewards in the Mausoleum, sell 50% of them for $FTM. 2)When you go to provide SPECTER-FTM LP, stake the entirety of your remaining SPECTER with the $FTM you've just purchased.

3."APR is much higher in the Mausoleum than in the farm for SPECTER-FTM LP. Why would I not just invest everything there?"

The farm APR is linear and prints 24/7, regardless of SPECTER's relation to the peg. Mausoleum, on the other hand, prints only when SPECTER's TWAP is above 1.01. Therefore, it may not always be that an investor gets a higher return from the Boardroom than from the SPECTER-FTM pool. Because $SPECTER follows the price of $FTM, the SPECTER-FTM LP is akin to holding $FTM in your wallet, except with the bonus of a high farming APR on top of it. In other words, if you're bullish on $FTM's price action, the SPECTER-FTM LP is a way of holding exposure to that single asset while also reaping high APRs.

Terms and Mechanisms

1. "What is an expansionary epoch?"

An expansionary epoch is the amount of $SPECTER that is printed by $SSHARE in order to increase the total circulating supply.

To simplify the explanation with a hypothetical example, let’s say an epoch is 3 days long and there are $100 dollars in the circulating supply.

If the money printer grows the supply by 10% of the existing circulating supply each day, at the end of the 3 days you'd have 100*1.1*1.1*1.1 = $133.

Then, let’s say the emissions decrease to 5% per day.

You’d then have have $133 *1.05 *1.05 *1.05 = $153 at the end of this second epoch.

2. “What is compounding in the context of SPECTER Finance?”

Earning a return on gains you've already made from previous periods is what is commonly referred to as compounding.

For example, consider a 3% daily APR on an initial investment of $100.

After 24 hours it would grow to $103.

After 365 days without compounding: $1195.

After 365 days, compounding once daily: $4,848,272.

Core Values

1. “I'm invested in the project for the long term, and I feel guilty taking profits. Am I still a team player if I move profits somewhere outside of the project?”

Never put all your funds in one basket, even if it's $SPECTER. Always take gains along the way. The SPECTER team views it as a success if, over time, everyone gets their initial investment back into their wallets and continues investing with the profits that come after that.