The DEVORAH™ Refresh
With the conclusion of each Epoch on the MultiversX™ Blockchain, a renewal is conducted on the DEVORAH™ Pool as detailed below:
RAW Vesta Refuelling and VEQ Burning
With each renewal event, the quantity of Raw-Vesta in the DEVORAH™ Pool experiences an augmentation, simultaneously accompanied by the incineration of all VEQ Tokens:
In scenarios where the DEVORAH™ Pool contains fewer than 250,000 VEQ Tokens, it will receive a supplementation of 250 Raw-Vesta Tokens.
Conversely, if the DEVORAH™ Pool holds over 250,000 VEQ Tokens, the supplementation will be proportionate to 1‰ of the VEQ amount.
Furthermore, an additional portion of Raw-Vesta is introduced, equivalent to the count of IGNIS.Batches™ established through the IGNIS™ Protocol. For further information, refer to the details provided here.
VPEQ Token amount is calibrated with each Epoch. It can only track daily volume until the epoch expires.
Automated Value Calibration: Burning and Reminting of VPEQ Tokens
Following the establishment of the updated count of Raw-Vesta Tokens within the DEVORAH™ Pool, an automated adjustment of value is initiated. This involves assessing the Vesta Price using the DEX pools and then updating the quantity of all VPEQ (Vesta Price Equivalent) Tokens, based on the current sampled Vesta Token Price.
Let's take a practical example to illustrate this process further. Imagine a refresh event results in 800,000 Raw Vesta Tokens within the DEVORAH™ Pool, and the current Vesta Token price stands at $0.05. The system then proceeds to calculate the precise number of VPEQ tokens required to achieve value alignment. In this particular scenario, a target of 40,000 VPEQ Tokens would be the correct quantity needed for the upcoming epoch.
Consequently, the existing quantity of VPEQ Tokens would be dynamically adjusted through minting or burning, as necessary, to ensure that a total of 40,000 VPEQ Tokens are present in the pool at the beginning of the next epoch. This systematic process guarantees that the value orientation is maintained accurately over time.
Automated [B] Token Retention:
With every swap event the rest [B] Tokens in the pool are kept untouched, as they represent the previous fee $ value that was accrued in the past. Depending on their designation, swap volumes are easily trackable on the blockchain:
EQV Tokens tracks swap volume in all vEGLD Pools. Volume in all vEGLD Pools would be EQV*50, provided all vEGLD-based Pools would have 2% Fee.
EQX Tokens tracks swap volume in all Tier X Based Poos. Volume in all Tier X Pools would be EQX*2500, provided all of them would have 2% Fee.
EQXC Tokens tracks swap volume in the vEGLD-VESTA Pool. Volume in this pool would be EQXC*1000.
EQO Tokens tracks swap volume in all of the OURO Pool except the USDC-OURO Pool. The Total volume of these pools would be EQO*20, provided all of them would have 5% Fee.
EQOURO Tokens tracks swap volume in the USDC-OURO Pool and the volume would be EQO*50.
EQUSDC Tokens tracks swap volume in all USDC Pools (except for USD-OURO and USDC-GSC) and the volume would be EQO*50, provided all USDC Pools would have 2% Fee.
EQGSC Tokens tracks swap volume in the USDC-GSC Pool and the volume would be EQGSC*20.
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