> For the complete documentation index, see [llms.txt](https://doc.aptoslaunch.io/llms.txt). Markdown versions of documentation pages are available by appending `.md` to page URLs; this page is available as [Markdown](https://doc.aptoslaunch.io/move-ecosystem-fund-3-3/policy.md).

# Policy

**Bonding**

Every time a user mints MOVE on MOVE DAO, he is actually purchasing a bond. This Mints have different parameters. The **BCV** allows us to scale the rate at which bond premiums increase. A higher BCV means a lower discount for bonders and more protocol profit. A lower BCV means a higher discount for bonders and less protocol profit.

The **vesting term** determines how long it takes for bonds to become fully redeemable. A longer term means lower inflation and lower bond demand.

#### Treasury <a href="#treasury" id="treasury"></a>

Profit Allocations are the only treasury variable. This allows us to choose who receives profits from the protocol.

#### Staking <a href="#staking" id="staking"></a>

There are no variables in the staking contract. **MOVE** are always able to unstake at wish, and profits are always distributed equally through rebase.

&#x20;