Target CR and Effective CR / The difference
TCR (Target CR) is the ratio for reaching the target aUSD price ($1):
ECR (Effective CR) represents the level of aUSD collateralization:
Last updated
| Usage | Description | Possible State | Behavior |
|---|---|---|---|
| Usage | Description | Possible State | Behavior |
|---|---|---|---|
Minting
TCR calculates and establishes one time per hour, with the possible step of 0.25%
aUSD < $1 (TWAP)
aUSD > $1 (TWAP)
The protocol increases TCR
The protocol lowers TCR
Redeeming
After redeeming, the user obtains the needed quantity of USDC + ATM tokens for each aUSD to attain an equivalent value in dollar terms
TCR < ECR
TCR > ECR
The protocol is overcollateralized
The protocol is undercollateralized
