📄️ Overview
FOX was inspired by DAI and FRAX. It has a form of combining them into a seamless one. Like DAI, Debts can be minted from collaterals. Like FRAX, new stablecoins can be created by combining the debts and share tokens.
📄️ Minting & Redeem
Minting
📄️ Recollateralization
Recollateralize can be called when FOX remains below $1 for an hour. Users can earn share tokens by raising LTV or minting additional debts.
📄️ Buyback
Buyback can be called when FOX maintains above $1 for an hour. It means FOX's trust is valued higher than the current trust level. After the trust level is adjusted upward, users can lower LTV, withdraw collaterals, or make coupons by repaying debts through spending FOXS.
📄️ Pair Annihilation
Coupon
📄️ Liquidation
TBD