SLIP Mechanics
Last updated
Last updated
The SLIP Menu can be found here. and it looks like this:
Lets explain the User Interface a bit.
The Title displays how much OURO (in our case 29.288) is being held in the SLIP SC. It's quantity is the base for the Tier 0 Limitation described in the previous page.
The first Bar in the SLIP UI is the Capital SLIP bar; inspecting users can see at a glance specific SLIP Stats.
OURO in $ based Pools: 34.964 OURO. This represents the sum of OURO in USDD-OURO and USDC-OURO Pools. It serves the base for the "SLIP Threshold"
Current SLIP Threshold: 33.216 OURO. This is equal to 95% of the "OURO in $ based Pools". It serves the base for the "SLIP Capacity".
SLIP Fill-up: 13.791 OURO. This is the sum of OURO in all OURO based Pools. It serves the base for the "SLIP Capacity". It is represented on the Capital SLIP Bar as the dark Purple Fill-up.
Total SLIP Capacity: 19.424 OURO. Is the difference between the Current SLIP Threshold and the SLIP Fill-up. It is represented on the Capital SLIP Bar as the silver Fill-up. The Total SLIP Capacity represents the Tier 1 Limitation, and represents the PRESENT amount of OURO that can be used to execute SLIP with.
Therefore the bar depicts current SLIP Fill-up versus the Total SLIP Capacity, existing in present conditions.
In the Middle of the Capital SLIP Bar, one can see two metrics still, one above and one below:
BELOW:
143,973/286.987 USDD; Here the amount of USDD that exists in the USDD-OURO Pool is depicted as the number 143,973, out of the maximum of 286.987 USDD that could exist in this Pool, if all the OURO in the SLIP SC would be used for executing SLIP with USDD.
ABOVE:
USDD Capacity Left: 143.014 USDD; This is therefore the maximum amount (286.987-143.973) of USDD that could be used to execute SLIP with considering the whole amount of OURO in the SC.
Beneath each Token, one can observe the SLIP Badge, Gold/Silver/Bronze depicting the Elite/Premium/Standard SLIP, but also if said SLIP-Bearing Token is active or not.
Elite and Premium SLIP Bars have at their end two key metrics. Lets use the GSC SLIP bar for exemplification. It reads:
BELOW:
251 / 1987 GSC; 251 Represents the Amount of GSC that exits in the OURO-GSC Pool. 1987 GSC is the maximum amount of GSC that could exist in that pool if the maximum amount of GSC possible could be used for SLIP. Since this is a Premium SLIP-Bearing Token, we know Tier 0 and Tier 1 Limitations apply.
ABOVE:
GSC Capacity Left: 1736 GSC; This is the maximum GSC that could still be used when executing SLIP with GSC, and is the difference between 1987 and 251.
The same signification hold the numbers on the SSC SLIP Bar (Premium SLIP), and USDC SLIP Bar (Elite SLIP), however for the USDC numbers only Tier 0 Limitation applies.
Therefore the Elite and Premium Bars depicts the SLIP-bearing Token current existing amount in its OURO-based Pool, versus the maximum amount that would be possible by executing SLIP, in present conditions.
VST Token is the first Standard SLIP-bearing Token. As such it suffer from Tier 0, 1, 2 Limitation. Therefore its SLIP Bar depicts the range of its last Limitation, generated by comparing the amount existing in the OURO-based Pool versus the amount existing in the vEGLD-based Pool.
An important thing to note, is that this limitation if for displaying purposes only. In reality the amount of Standard SLIP-bearing Tokens that can be used in the SLIP might be even lower due to the Tier 0 and Tier 1 Limitations.
