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Protocol Minting Cap and Fees
- DUSD minting/redemption limit: Max(50K, 0.25% of total supply)
- DUSD daily minting cap: Max(1M, 5% of total supply)
- DUSD hourly minting cap: Max(100K, 0.5% of total supply)
- To boost up the protocol, there is no daily and hourly cap during the bootstrap of the first week.
- Minting fee:
0.2% while overpeg (DUSD >1.0$)
0.4% while underpeg (DUSD 1.0$)
- Redemption fee:
0.8% while overpeg (DUSD >1.0$)
0.4% while underpeg (DUSD 1.0$)
At the beginning the ratio between DARK/NESS will be 50%/50% and it will increase or decrease depending on Market Cap of DARK and NESS.
The ratio will be updated every 4 hours by a step of 1%. Minimum and maximum ratio is 20%/80% and 80%/20% accordingly.
100% NESS collected from protocol fees above will be burned immediately.
Last modified 1yr ago