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

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