Skip to main content

Documentation Index

Fetch the complete documentation index at: https://docs.blackhaven.xyz/llms.txt

Use this file to discover all available pages before exploring further.

RBT Locks are fixed-term commitment instruments issued as ERC-721 NFTs. Holders commit their RBT for a set period, and at the end of the period the committed RBT is returned along with additional RBT minted by the protocol. Quick Steps:
  1. Choose your commitment period
  2. Commit RBT into the contract
  3. Receive an NFT representing your position
  4. Your distribution amount is determined at the time of commitment
  5. At the end of the commitment period, burn the NFT and receive your committed RBT plus the additional RBT

​
Early Exit

Positions can be exited before the commitment period ends, with two consequences:
  1. Forfeited distribution: The remaining RBT that would have been issued is not minted
  2. Early exit fee: Up to 10% of your committed RBT, scaling linearly with time remaining
The fee decreases proportionally with time committed. Exit at the start of your period and the full 10% applies. Exit halfway through and 5% applies. Exit near the end and the fee approaches zero.
Early exit fees return to the protocol, supporting the sustainability of the Lock program.

​
Distribution Curve

The distribution amount scales with commitment length. Longer commitments receive proportionally larger distributions to reflect the value of capital stability to the protocol. Specific curve parameters are set by foundation governance and implemented on-chain.
Distribution Cap: RBT distributions through Locks are subject to a minting cap set by protocol governance. When the cap is reached, new Locks pause until additional minting capacity becomes available. Participation is first come, first serve.
Pool inflows:
  • Additional minting authority granted by governance
  • Forfeited distributions from early exits
  • Early exit fees returning to protocol
  • Forfeited unvested RBT from early bond redemptions