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Doubler Lite v2
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Automatic Settlement

PreviousDynamic RedemptionNextProtocol Fees

Last updated 10 months ago

When the pool expires, the protocol will settle the user's holdings of C and 10x by automatically converting them into the input cryptocurrency based on the spot price at settlement. The automatic settlement formulas are as follows:

When the spot price is greater than the AVG price:

  • At this point, 1 C = 1 USD. The settlement quantity will be calculated based on the amount of C held by the user. The calculation formula is as follows:

Cost Token Settlement Quantity=CsettlementSpot Price\text{Cost Token Settlement Quantity} = \frac{C_{\text{settlement}}}{\text{Spot Price}} Cost Token Settlement Quantity=Spot PriceCsettlement​​
  • The calculation formula for the Yield Token Settlement Quantity is based on the amount of 10x held by the user. The calculation formula is as follows:

Yield Token Settlement Quantity=ProfitTotal 10x×10xsettlementSpot Price\text{Yield Token Settlement Quantity} = \frac{\text{Profit}}{\text{Total 10x}} \times \frac{10x_{\text{settlement}}}{\text{Spot Price}}Yield Token Settlement Quantity=Total 10xProfit​×Spot Price10xsettlement​​

When the spot price is less than or equal to the AVG price:

  • At this point, the value of 1 C = PC / Total C. The settlement quantity will be calculated based on the amount of C held by the user. The calculation formula is as follows:

Cost Token Settlement Quantity=PCTotal C×CsettlementSpot Price\text{Cost Token Settlement Quantity} = \frac{PC}{\text{Total C}} \times \frac{C_{\text{settlement}}}{\text{Spot Price}}Cost Token Settlement Quantity=Total CPC​×Spot PriceCsettlement​​
  • Since the pool has not captured external value, 10x is worthless, and the Yield Token Settlement Quantity is 0.

E.g. A pool with an AVG price of 3,000U and a spot price of 4,000U. The pool has a total of 1,000 10x tokens, and the total profit of the pool is 100,000U (each 10x token corresponds to a dividend value of 100U). A user holds 20 10x tokens and 500 C tokens in this pool.

Upon expiration,

  • The Cost Token Settlement Quantity obtained by the user is calculated as follows:500/4000=0.125ETH

  • The Yield Token Settlement Quantity obtained by the user is calculated as follows:100000/1000*20/4000=0.5 ETH

  • PC is the abbreviation for Pool Cap

  • When the spot price is less than or equal to the AVG price, users can vote to decide whether to extend the pool's expiration time.

  • After automatic settlement, users need to manually claim the tokens obtained from the settlement.

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