.75%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 XUS plus a bonus rate of
250,000 DAIat a price of
$1.00/DAIand a market price of
$3.80/XUSis as follows:
$1,000,000 worth of XUSto receive excess collateral.
238,095.238 XUSat a price of
$4.20/XUSto receive DAI at a price of
$.99/DAIis as follows: