# Platform

* Deposits / Withdrawal of GDS into/from Water Bucket will lock GDS for 4 epochs and LIT rewards for 4 epochs.
* LIT rewards claim will lock staked GDS for 3 epochs and the next LIT rewards can only be claimed 3 epochs later
*   Distribution of LIT during Expansion

    **80%** as Reward for Water Bucket GDS Stakers **20%** goes to Drip fund
* Epoch Expansion: Current expansion cap base on LIT supply, if there are bonds to be redeemed, 65% of minted LIT goes to treasury until its sufficiently full to meet bond redemption. If there is no debt it will follow max capped expansion rate

#### Water Bucket UI Available information <a href="#masonry-ui-available-information" id="masonry-ui-available-information"></a>

Next **Seigniorage** indicates a countdown timer to the next epoch. (Each epoch duration lasts for 6 hours)

**APR** refers to the simple returns in USD value relative to the amount of GDS staked (USD value). _Note:_ _APR fluctuates from time to time and is dependent on certain factors such as:_

* Amount of GDS staked in Water Bucket (Locked Value)

#### Water Bucket on Contraction Periods <a href="#masonry-on-contraction-periods" id="masonry-on-contraction-periods"></a>

Water Bucket will **not** mint any LIT (_NO REWARDS ON_ Water Bucket) while TWAP < 1.01

Debt Phase take place on the expansion epochs that start after a contraction period where there are still Lbonds to be redeemed.

65% of Expansion during Debt Phase is allocated to the Treasury Fund to prepare for the LBOND Redemption. This amount is still reserved whether or not LBOND holders are redeeming bonds or not.

Once LIT in treasury is sufficiently full to meet all circulating bond redemption, expansion rates will resume to normal.

LBOND emitted per epoch during contraction periods can be found on Regulations.

Stake your LP to earn GDS tokens

Shares Pools (Shares Reward) available for 12 months:

* LIT-BUSD LP
* WBNB-BUSD LP

LBOND (bond tokens) are available for purchase when LIT falls below the 1 BUSD peg. If LIT's TWAP is between 1.00 and 1.01, neither LBOND nor LIT will be issued.

e.g. if LIT's TWAP < 1, exchange LIT for LBOND will be in a 1:1 ratio.

LBOND (bond tokens) are available for redemption when LIT goes above the 1 BUSD peg.

To encourage redemption of LBOND for LIT when LIT TWAP > 1.1 and incentivize users to redeem at a higher price, LBOND redemption will be more profitable with a higher LIT TWAP value, of which LBOND to LIT ratio will be 1:R, where R can be calculated in the formula as shown below:

R=1+\[(LIT(​twapprice)−1)∗coeff)]
