> For the complete documentation index, see [llms.txt](https://bul-finance.gitbook.io/bul-finance/llms.txt). Markdown versions of documentation pages are available by appending `.md` to page URLs; this page is available as [Markdown](https://bul-finance.gitbook.io/bul-finance/boardroom.md).

# BOARDROOM

## The Boardroom User Interface

![](https://2008144744-files.gitbook.io/~/files/v0/b/gitbook-x-prod.appspot.com/o/spaces%2F5JxF4A7HgNbyU6VLbPSR%2Fuploads%2FsMDmoylm2RiYh0Yynk6t%2FScreenshot%202022-02-07%20at%2016.26.15.png?alt=media\&token=2e2f32f3-977b-47f5-8f66-c2f72e29e084)

Let's take a look at each element of the Boardroom user interface and what it means.

1. **NEXT EPOCH**\
   The amount of time remaining until the next epoch.
2. **CURRENT EPOCH**\
   The number of the current epoch.
3. **BUL PEG (TWAP)**\
   The TWAP (time-weighted average price) of the BUL peg. The Boardroom only mints new BUL as rewards for BULSHARE stakers when this value **is above 1.01** **at the end of the current epoch**.
4. **APR**\
   The yield for BULSHARE stakers in the Boardroom **if the Boardroom was printing every epoch**. This calculation is based on **the last recorded print in the Boardroom**.
5. **BULSHARES STAKED**\
   The total amount of BULSHARE currently staked in the Boardroom.
6. **BUL Earned**\
   The amount of BUL you've earned as rewards for staking BULSHARE in the Boardroom.
7. **BULSHARE Staked**\
   The amount of BULSHARE you currently have staked in the Boardroom.

### Boardroom Specifications

* Epoch duration: 6 hours
* Any interaction with the Boardroom (staking/unstaking BULSHARE or withdrawing BUL rewards) will **lock your staked BULSHARE for 6 epochs and BUL rewards for 3 epochs.** 
* Distribution of BUL during expansion (Boardoom printing):

  **60%** goes to Boardroom BULSHARE stakers as rewards\
  **20%** goes to BUL stakers (xBUL)

  **10%** goes to DAO fund

  **10%** goes to Dev fund
* Epoch Expansion: The current expansion cap is based on the currently circulating BUL supply (see BUL Distribution for details). If there are bonds to be redeemed, 65% of minted BUL goes to the treasury until it's sufficiently stocked to satisfy future bond redemption.

{% hint style="warning" %}
Note that the Boardroom **does not** print any rewards for BULSHARE stakers when the Boardroom TWAP < 1.01.
{% endhint %}