USDC
USDC
USDC
USDT
USDC
USDC
DAI
USDC
WETH
WETH
WETH
WETH
HEX
WETH
HDRN
HDRN
WETH
HDRN
Example #1
Example #1
Example #1
Hypothetically, let's say ETH (ETH/WETH - Wrapped Eth) is trading at exactly $1,500.
Alice uses 1 WETH to create an ATM
That's 1.0 WETH (TWAP) = $1,500 of value = 1,500 Points
Alice can redeem these points any time she chooses, but, can only redeem once, so her choices are as follows:
- Halving 0: 1 Point = 1 ASIC | if redeemed: 1,500 ASIC
...or wait till...
- Halving 1: 1 Point = 2 ASIC | if redeemed: 3,000 ASIC
...or wait till...
- Halving 2: 1 Point = 3 ASIC | if redeemed: 4,500 ASIC
...or wait till...
- Halving 32: 1 Point = 33 ASIC | if redeemed: 49,500 ASIC
Example #2
Example #1
Example #1
Hypothetically, let's say HEX is trading at exactly $0.03
Bob uses 500,000 HEX to create an ATM
That's 500k HEX (TWAP) = $15,000 of value = 15,000 Points
Bob can redeem at any time he chooses, but, can only redeem once, so his choices are as follows:
- Halving 0: 1 Point = 1 ASIC | if redeemed: 15,000 ASIC
...or wait till...
- Halving 1: 1 Point = 2 ASIC | if redeemed: 30,000 ASIC
...or wait till...
- Halving 2: 1 Point = 3 ASIC | if redeemed: 45,000 ASIC
...or wait till...
- Halving 32: 1 Point = 33 ASIC | if redeemed: 495,000 ASIC