Protocol Variables And Definitions
Name | Definition | Notes & Examples |
The current value of t-bills in the Minter’s SPV (Special Purpose Vehicle).
Regularly verified by Validators:
| There are $10,000 of t-bills in the SPV.
The is $10,000.
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| The timestamp of last collateral update by Minter. The minimum of all Validators' timestamps provided to verify the validity of collateral update. |
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The timestamp of the end of the last penalization interval |
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The amount of M that a Minter owes and has to repay to the protocol including accrued interest and penalties at any moment in time
| Penalties are charged due to
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The amount of M that deactivated Minter owes to the protocol |
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The maximum amount of M that is allowed to be owed to the protocol before it begins to accrue penalty charges. | Mint requests are not accepted if this condition is not fulfilled.
There is $10,000 of and the MCR is 95%. The Minter may mint up to $M 9,500 without incurring penalty charges | |
The total amount of for all Minters. |
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The total amount of for all Minters |
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, | Pending collateral retrievals for Minter with their ids and amounts. |
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The total amount of all retrieval requests for Minter |
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