The minting principle of $TIFO
Last updated
Last updated
$TIFO issuance mechanism
The first equation is the "Quadratic Issue Equation", and the second equation is the "Repo Destruction Equation" :
Increase: epochMint = (TWAP – IV) * supply * ICV * Discount
Recycle: epochBurn = (TWAP – IV) * supply * DCV * Discount
TWAP: Time Weighted Average Price IV: $TIFO support price Supply: The risk-free value of the Treasury ICV: Inflation Coefficient Value DCV: Deflation Coefficient Value Discount: The Discount can be set.
The quadratic issue equation determines the number of $TIFO tokens that will be minted in the next epoch, while the repo destruction equation determines the number of $TIFO tokens that will be destroyed.
The TWAP is the average price of $TIFO over a certain time period, and the support price is the minimum price that the protocol will maintain for $TIFO.
The inflation and deflation coefficient values, ICV and DCV respectively, adjust the amount of $TIFO that will be minted or burned in each epoch based on the current price of $TIFO.
The Discount can be set to adjust the amount of $TIFO that will be minted or burned in each epoch.
The coinage principle of $TIFO tokens is designed to maintain price stability and protect the value of the token.
Users can use mainstream crypto assets such as BTC, ETH, USDT, and $TIFO-USDT LP assets to mint $TIFO in the form of bonds to the treasury contract to receive a bond discount and more $TIFO than if they bought in the market. TIFO, the $TIFO minted will be divided into 3 parts:
10% into DAO;
the treasury contract will calculate the $TIFO available to the subscriber based on the current $TIFO price and the bond discount and will be released to the subscriber within 5 days;
The remaining $TIFO will go into the reserve pool and will be used to reward users who staked $TIFO.
