.20%to quickly incentivize arbitragers to close the gap and recollateralize the protocol to the target ratio. The bonus rate can be adjusted or changed to a dynamic PID controller adjusted variable through governance.
$250,000worth of collateral needed to reach the target ratio. Anyone can call the recollateralize function and place up to $250,000 of collateral into pools to receive an equal value of FXS plus a bonus rate of
250,000 USDTat a price of
$1.00/USDTand a market price of
$3.80/FXSis as follows:
$1,000,000 worth of FXSto receive excess collateral.
238,095.238 FXSat a price of
$4.20/FXSto receive USDC at a price of
$.99/USDCis as follows: