LOVE token supply does not have a hard cap. Its supply increases when:
- LOVE is minted and distributed to the stakers.
- LOVE is minted for the bonder. This happens whenever someone purchases a bond.
- LOVE is minted for the DAO. This happens whenever someone purchases a bond. The DAO gets the same number of LOVE as the bonder.
At the end of each interlude, the treasury mints LOVE at a set reward rate. These LOVE will be distributed to all the stakers in HunnyDAO. You can track the latest reward rate on HunnyDAO dashboard.
Whenever someone purchases a bond, a pre-determined amount of LOVE will be minted. These LOVE will not be released to the bonder all at once - they are vested to the bonder linearly over time. The bond payout uses a different formula for different types of bonds. Check the bonding section above to see how it is calculated.
HunnyDAO received the same amount of LOVE as the bonder. This represents HunnyDAO Profit.