V2 Rebalancing
After the proposal and voting about V1 protocol update, we prepared rebalancing features.
The code had been almost completely written on Dec, but we decided to delay rebalancing at that time, because the market conditions were not ideal for a rebalance to be successful.
After market back on Jan 2022, we rebalanced successfully our collateral to keep collateral value. As of 15th Jan 2022, Our actual collateral ratio is more than 100%.
We accept only FTM for minting, but we can support not only FTM, DAI also for v2 redeem.
We understand that how to rebanance our collateral is controversial. We are open for suggestion by discord community and snapshot voting.
Please read below articles about the rebalancing.
Update Collateral Reserve Contract and Rebalancing.
Medium
Transfer ownership of Collateral Reserve
Medium
Protocol Update Proposals
Medium
Copy link