Core

pylon-protocol/core contracts define Pylon interest redirection logic, of which:

• any UST deposited to the Pool contract is deposited to Anchor, and returned aUST from resulting contracts is held by this contract.

• the Pool contract returns DP tokens (Deposit Provider tokens) instead, which are pegged 1:1 to UST.

• the Pool contract queries new exchange_rate parameters from Anchor, and uses this information to calculate how much UST should be returned for DP token redemptions and interest redirection, respectively.

• exchange_rate follows a virtual exchange rate parameter calculated by the Exchange Rate contract, which charges a 10% fee for all generated interest.

• collected fees are sent to the pylon-protocol/token/collector contract to be used for MINE buybacks for MINE governance stakers.