Commit b1616b53 authored by Johnny's avatar Johnny
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Update Offshift anon Litepaper.md

parent 960b79ef
......@@ -170,9 +170,9 @@ As fully composable, standard ERC20 tokens, anonAssets can be Shifted through Of
In order to support price parity, Offshift anon employs simple mechanics to stabilize anonAssets.
In the event anonAssets exceed price parity due to incremental buy-side pressure, Offshift anon’s Simple Shifts allow arbitrageurs to restore price parity efficiently by Shifting from XFT to anonAssets at the lowest cost possible.
In the event anonAssets exceed price parity due to incremental buy-side pressure, arbitrageurs restore price parity efficiently by Shifting from XFT to anonAssets at par, and subsequently selling those anonAssets above par.
In the event a designated anonAsset falls to 2.5% below price parity due to incremental sell-side pressure, Offshift’s protocol triggers a variable Flex Fee on Shifts from the anonAsset to XFT. The Flex Fee varies in direct proportion to the anonAsset’s discount to par value, and remains in effect until the anonAsset returns to less than 2.5% below price parity.
In the event a designated anonAsset falls to 2.5% below price parity due to incremental sell-side pressure, Offshift’s protocol activates a variable Flex Fee on Shifts from the anonAsset to XFT. The Flex Fee varies in direct proportion to the anonAsset’s discount to par value, and remains in effect until the anonAsset returns to less than 2.5% below price parity.
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