Regulation & supply
The Watch
epoch
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next in
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lsd price
—USDG
status
reading…
Market
Circulating leaves out what the protocol itself holds.
Circulating supply
—LSD
Circulating market cap
—USDG
Fully diluted
—USDG
Staked
—%
Circulating is total supply minus what sits inside the protocol: the DAO's bonded, staged and redeemable balances, and unclaimed pool rewards. One figure is deliberately not shown, a "NAV per circulating LSD". Redemption pays pro rata over the total supply, so backing per LSD on the Bonds page is the honest floor. Dividing the treasury by a smaller number would advertise more than a redeemer gets.
Supply
LSDS supply
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Bonded
—LSD
Staged
—LSD
Oracle price
—USDG
Expansion limit
—
The limit exits genesis at 10% and holds it while demand carries on; every contraction epoch halves it, down to a 2.5% floor. From there it grows by half only in epochs the price pins it, so one hot epoch mints 2.5%, not 10%, and the full rate takes about 30 hours to earn back.
Contraction
Total debt
—LSD
Coupons
—
Redeemable
—LSD
Epochs
Current epoch
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Epoch length
—min
First epoch
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