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  1. Economic system

Stabilization Mechanism

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Last updated 1 year ago

Initial anchor price: p(initial)=5USDTp(initial) =5 USDTp(initial)=5USDT

Mechanism: Every 5 days, the system automatically calculates the time-weighted average price of p(TSF)p(TSF)p(TSF) on UBOX. If it is observed p(TSF)p(TSF)p(TSF) to be higher or lower than p(initial)p(initial)p(initial), the stabilization mechanism will be triggered.

Expansionary mechanism: When the p(TSF)p(TSF)p(TSF) is higher than the p(initial)p(initial)p(initial), the system will mint N(inflation)N(inflation) N(inflation) into the treasury.

N(inflation)=p(TSF)−p(initial)p(initial)∗totalsupplyN(inflation) = \frac{p(TSF)-p(initial)}{p(initial)} * totalsupplyN(inflation)=p(initial)p(TSF)−p(initial)​∗totalsupply

Expansionary Method: TFS will be issued through the user's use of Tyrapower to decompose Tyrastones. Different qualities of Tyrapower will produce different amounts of TSF when decomposed. Contractionary mechanism: When the p(TSF)p(TSF)p(TSF) is lower than p(initial)p(initial)p(initial), the system will automatically lower the p(initial)p(initial)p(initial), and no new TFS will be generated in the current cycle.

Period:5days