Target Rate Feedback Mechanism

Definitions

Reference Asset

Market Price (MP)

Target Price (TP)

Target Rate (TR)

Target Rate Feedback Mechanism (TRFM)

Implications of the TRFM

TRFM Incentives

Market Price < Target Price

Vault user viewpoint

dotBTC holder viewpoint

Market Price > Target Price

Vault user viewpoint

dotBTC holder viewpoint

Implementing the TRFM

  • a dotBTCUSD price oracle
  • a target price calculator
  • a target rate controller

--

--

--

Eradicator of bear market.🐻

Love podcasts or audiobooks? Learn on the go with our new app.

Recommended from Medium

Spores Network Summary Recap with Shin Chan Community

Cryptocurrency Price Indexes, Explained

Intro to Tokenized Assets and Security Tokens

5 Key 2020 Cryptosphere Trends and Updates Every Investor Should Know

Introduction to $NHCT

Opening the Floodgates for Drip

Worldpay from FIS Joins hashport’s Validator Swarm

BlockX IEO is Live

Get the Medium app

A button that says 'Download on the App Store', and if clicked it will lead you to the iOS App store
A button that says 'Get it on, Google Play', and if clicked it will lead you to the Google Play store
ABM Protocol

ABM Protocol

Eradicator of bear market.🐻

More from Medium

Entering the Public Chain 3.0 Era! AIVerse Focuses on Building Metaverse Infrastructure

5 Distinctive Features of the OWNERverse — a Metaverse by 0xeMETA.

Guide for NFT Collection Beginners + ArtMonkees Collection information

Bi-Weekly Progress update — 26/1/2022–9/2/2022