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Project Ethos
Fair Launch
Engineering Design
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weiWard Platform Tokens
weiWard Network Fees
Redemption Capacity Function
ETHmx and ETHtx Minting Functions
Scaling Locked Liquidity
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Redemption Capacity Function
Definitions
Variable
Definition
Ξ
\LARGE\Xi
Ξ
ETH
ξ
\Large\xi
ξ
ETHtx,
native weiWard token
P
\Large P
P
Price of ETH gas ;
Ξ
gas
\LARGE \frac{\Xi}{\text{gas}}
gas
Ξ
C
\Large C
C
Collateral Ratio ;
Ξ
on AMM
ξ
off AMM
\LARGE\frac{\Xi_{\text{ on AMM}}}{\xi_{\text{ off AMM}}}
ξ
off AMM
Ξ
on AMM
γ
\Large \gamma
γ
ETHtx Scalar Quantity ; 21,000
gas
ξ
\LARGE\frac{\text{gas}}{\xi}
ξ
gas
ψ
\LARGE\psi
ψ
DEX Shield ; 0.925 ; 7.5% redemption fee, consistent with transaction fees
Relations
One ETHtx (ξ) represents 21k gas (γ). ETHtx may be converted into ETH (Ξ) using the gas price (P):
Ξ
=
γ
ξ
P
\LARGE{\Xi = \gamma \xi P}
Ξ
=
γ
ξ
P
When redeeming ETHtx, a realized gas price can be calculated from the amount of ETH received (Ξout) after redeeming an amount of ETHtx (ξin):
Ξ
in
ξ
out
=
γ
P
\LARGE\frac{\Xi_{\text{ in}}}{\xi_{\text{ out}}} = \gamma P
ξ
out
Ξ
in
=
γ
P
The collateral ratio (C) may be calculated by comparing the contract’s ETH supply (Ξ on AMM) to the contract’s ETHtx supply (ξ outstanding):
C
=
Ξ
on AMM
γ
ξ
oustanding
P
current
\LARGE C = \frac{\Xi_{\text{ on AMM}}}{\gamma \xi_{\text{ oustanding}}P_{\text{current}}}
C
=
γ
ξ
oustanding
P
current
Ξ
on AMM
Redemption Capacity Function
Ξ
out
ξ
in
=
{
ψ
γ
P
current
C
>
1
ψ
γ
P
C
C
=
1
\LARGE \frac{\Xi_{\text{ out}}}{\xi_{\text{ in}}} = \begin{cases} \psi\gamma P_{\text{current}} & C > 1 \\ \psi\gamma P_{C} & C = 1 \end{cases}
ξ
in
Ξ
out
=
⎩
⎨
⎧
ψ
γ
P
current
ψ
γ
P
C
C
>
1
C
=
1
Graphical Representation
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ETHmx and ETHtx Minting Functions
Last modified
1yr ago
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Contents
Definitions
Relations
Redemption Capacity Function