Parameters

Basics

• Epoch Length: 28,800 Seconds (8 Hours)

• Advance() incentive: 100 VSD

• LP Lockup: 15 Epochs

Expansion and Contraction

Oracle

• Price source: Uniswap USDC/VSD, DAI/VSD, USDT/VSD

• Oracle Minimum: 10,000 VSD

• Method: Uniswap V2 Time Weighted Average Price (TWAP)

Pool

• Initial LP pools: Uniswap USDC/VSD, DAI/VSD, USDT/VSD

• Pools plan to add: Uniswap ETH/VSD, WBTC/VSD

Buy/Sell

• Expansion price threshold: $1.05

• Expansion target sell price: $1.05

• Contraction price threshold: $0.95

• Contraction target buy price: $0.95

Collateral Subsystem

• Target collateral ratio: 90%

• Initial collateral assets: USDC/DAI/ETH

• Assets plan to add: WBTC

• Redemption fee (if no debt): 5%

Coupon Subsystem

• Default expiration: 15 epochs

• Max debt ratio: 15%

• Max coupon premium: 38%

• Curve: $\frac{1}{(1 - R)^2} - 1$

Governance Subsystem

• Voting length: 9 epochs

• Proposal expiry: 3 epochs

• Proposal threshold: 0.5% of total supply of VSD

• Voting quorum: 20% of total supply of VSD

• Super majority: 66% of total supply of VSD

• Emergency delay: 6 epochs

Collateral Redemption Fee

• 5% Fee (70% Core Team, 30% Community Fund)

Expansion Fee

• LP DAO: 85%

• Dev. fund: 10.5%

• Community Fund: 4.5%

Contracts

• Main: 0x05bab9017705d32a8a0bb2ec06a78fa0fa20f1a4

• Oracle: 0x7c9ab6d405e04537731efdf1ed7da613660f9880

• Dollar: 0x35de3eccaccb02e627062b5d63aa941b137288fe

• VSD-USDC Uniswap pair: 0x88c3Eb319718686675f8A6Cfdb8a6d2Cf56fbAa9

• VSD-DAI Uniswap pair: 0xcff350Bbe5f9834b8BD8E45909bc03B571a46693

• VSD-USDT Uniswap pair: 0x84372e2dD7C4BE8D9963Aac727f25ee66C51D623

• VSD-WETH Uniswap pair: 0xe8A8f27EcEf44Ccc928a4e98226440fDA0e19Fe9