System Wide - Dynamic Rate Scaling
Last updated
Last updated
System wide variable rate scaling has been implemented to ensure the long-term viability and sustainability of Futures and the wider Elephant Money Ecosystem.
This rate scaling mechanism monitors the relationship between the value of the BNB Reserve and the value of the Daily Liabilities.
If the value in the BNB Reserve is equal to or greater than the Daily Liabilities, the system pays the maximum base rate daily. If the value in the BNB Reserve drops below the value of the Daily Liabilities, the rate scaling mechanism kicks in to slow down the growth of the liabilities generated by Futures.
The Rate Scaling uses the following formula: Futures Base Rate (0.3%) x (BNB Reserve / Daily Liabilities)
The Rate Scaling mechanism is dynamic and will fluctuate in real time based on the value of the BNB Reserve against the Daily Liabilities.