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.
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Pylon Gateway
Pool
Last modified 1yr ago