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 newexchange_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 avirtual exchange rate
parameter calculated by theExchange 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.
Last modified 2yr ago