repeg steps
- 1 - mint a coin called BUST with same capabilities as USTC and LUNC
- 2 - create a pool of USTC and BUST
- 3 - change arbitrage code to use BUST instead of LUNC the mint and burn amount of
USTC / BUST are the originals when USTC was peg
- 4 - set a tax of 0.2 % in arbitrage code for every arbitrage transaction
- 4.1 - arbitrage tax can be paid in LUNC USTC and BUST
- 4.2 - 100 % of arbitrage tax is burn
- 4.3 - 50 % of last arbitrage tax is mint into pool of USTC and BUST
- 4.4 - 50 % of last arbitrage tax distribution, if in the pool the distribution is 50 / 50 %
of USTC / BUST then 50 / 50 % of last arbitrage tax distribution is mint
as 50 / 50 % USTC / BUST into the pool. Else if in the pool distribution is 51 / 49 % of
USTC / BUST then 49 / 51 % of last arbitrage tax distribution is mint as 49 / 51 %
USTC / BUST into the pool. Else if in the pool distribution is 49 / 51 % of USTC / BUST
then 51 / 49 % of last arbitrage tax distribution is mint as 51 / 49 % USTC / BUST into
the pool. Else always mint the oposite distribution % of the asset distribution % in the pool,
to try to keep a balance
- 5 - change arbitrage code to attempt repeg to values of 0.01, 0.02, 0.03, 0.04, 0.05, 0.10,
0.15, 0.20, 0.25, 0.30, 0.35, 0.40, 0.45, 0.55, 0.60, 0.65, 0.70, 0.75, 0.80, 0.85,
0.90, 0.95, 1.00, 1.00, 1.00, 1.00, 1.00
- 6 - change arbitrage code to attempt repeg only if USTC / BUST pool have a value % of the
USTC + BUST market cap of 0.1 %, 0.2 %, 0.3 %, 0.4 %, 0.5 %, 1 %, 1.5 %, 2.0 %, 2.5 %,
3.0 %, 3.5 %, 4.0 %, 4.5 %, 5.5 %, 6.0 %, 6.5 %, 7.0 %, 7.5 %, 8.0 %, 8.5 %, 9.0 %, 9.5 %,
10.0 %, 10.5 %, 11.0 %, 11.5 %, 12.0 %
- 7 - change arbitrage code to use 1 of 2 times USTC / BUST pool instead of mint USTC / BUST
whenever the USTC / BUST pool is up the USTC + BUST market cap % require and also +/- 0.005
close to reach the repeg value. For example when repeg to 0.05 will riquire a pool of more than
0.5 % of the USTC + BUST market cap value and will use the pool assets when USTC value
is between 0.045 and 0.055, 1 of 2 times, one use the pool and the other use the original arbitrage
protocol.
- 8 - arbitrage code will move to next repeg value whenever USTC / BUST pool size requirement is met
In the case when the USTC / BUST pool size goes lower the current stage repeg requiriment, the protocol
wont return to repeg using last stage value until USTC / BUST pool size gets below last repeg value
requiriment. For example if repeg to value of 1 with pool size of 10.5 % USTC + BUST market cap,
will attempt to repeg to 0.95 value only if pool size of drops below 10.0 % of USTC + BUST market cap
and not if goes below the 10.5 % of current repeg value requiriment.
- 9 - arbitrage code will use the USTC / BUST in specials cases
- 9.1 - arbitrage code will use the USTC / BUST special case pool when size of 10.5 % and value of 1 +/- 0.006
This means when repeg to 1 will riquire a pool of more than 10.5 % of the USTC + BUST market cap
value and will use the pool assets when USTC value is between 1.006 and 0.994, 1 of 2 times,
one use the pool and the other use the original arbitrage protocol.
- 9.2 - arbitrage code will use the USTC / BUST special case pool when size of 11.0 % and value of 1 +/- 0.007
This means when repeg to 1 will riquire a pool of more than 11.0 % of the USTC + BUST market cap
value and will use the pool assets when USTC value is between 1.007 and 0.993, 1 of 2 times,
one use the pool and the other use the original arbitrage protocol.
- 9.3 - arbitrage code will use the USTC / BUST special case pool when size of 11.5 % and value of 1 +/- 0.008
This means when repeg to 1 will riquire a pool of more than 11.5 % of the USTC + BUST market cap
value and will use the pool assets when USTC value is between 1.008 and 0.992, 1 of 2 times,
one use the pool and the other use the original arbitrage protocol.
- 9.4 - arbitrage code will use the USTC / BUST special case pool when size of 12.0 % and value of 1 +/- 0.009
This means when repeg to 1 will riquire a pool of more than 12.0 % of the USTC + BUST market cap
value and will use the pool assets when USTC value is between 1.009 and 0.991, 1 of 2 times,
one use the pool and the other use the original arbitrage protocol.
- 10.0 - arbitrage code will remain the same for other cases