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Pair Annihilation

Coupon​

  • Anyone

                        LTV: -- 
                         ^
                         |
                         |
                         |
+------------+           |
|    FOXS    |-----------+
+------------+   
       Shares

The new feature coupon increases the utilization of FOXS.

The users without collateralized-debt-positions can be participate in the buyback process through coupon. The coupon can be treated as a CDP with negative debt without collateral.

Pair Annihilation​

Coupon and CDP can be combined through the pair annihilation function. The CDP's debts are repaid as much as the coupon's negative debts.