Protocol Mechanics
Last updated
Last updated
User deposits BTC.b into a Trove
Collateral ratio can be at minimum 110% in and taken in $ESC (a USD pegged stable coin)
0% interest rate, pay back loan at any time
Peg Defense
Stake ESC in stability pool to earn BTC.b from liquidated positions & EMBR
Staked $ESC is used to rebalance Troves when liquidated, taking $ESC from the stability pool and dispersing BTC.b back to Stability Pool stakers
Redeem $1 in BTC.b at any time with 1 $ESC, will be unprofitable when 1 ESC > $1
Stake EMBR to earn borrowing & redemption fees
