Scads Tokenomics
SCADS is an algo-elastic supply stable coin.
How to keep SCADS price
SCADS keeps the price by inflation reward and burning happening by manual
every 12 hours (2:00, 14:00 UTC every day).
SCADS TWAP is the important option to decide inflation reward or burning. It shows the price gap for 12 hours.
When will be SCADS burned
If 12-hour SCADS TWAP < 0.99, a burn will be triggered.
Burn Amount will be decided by below formula.
Burn Amount = (1 - 12-hour SCADS TWAP) * Total SCADS Supply
Here, Total supply of SCADS is set as 350000 in current version.
When will be SCADS Inflation generated
If 12-hour SCADS TWAP > 1.01, an inflation will be triggered.
The inflation reward comes from initial supply.
Inflation Reward Amount will be decided by below formula.
Inflation Reward = (12-hour SCADS TWAP - 1) * Circulation Supply / Buffer
Here, Buffer parameter is introduced when an inflation is triggered, this buffer parameter for now is 5. The buffer parameter help stabilize the SCADS price. And Circulation Supply is set as 50000 in current version.
How to distribute SCADS Inflation reward
When SCADS Inflation happened, Inflation reward will be distributed to the SCADS eco-system consist of several pools.
SCADS/BUSD LP (Scads)
35
If SCADS TWAP > 1.01 at 2:00, 14:00 UTC
SCADS/BUSD LP (ApeSwap)
15
If SCADS TWAP > 1.01 at 2:00, 14:00 UTC
SCADS/BUSD LP (BiSwap)
15
If SCADS TWAP > 1.01 at 2:00, 14:00 UTC
SCADS Staking Pool (Scads)
15
If SCADS TWAP > 1.01 at 2:00, 14:00 UTC
Why is the SCADS Inflation and Burn by manual?
It's because SCADS TWAP is not calculated automatically at Scads V1.
SCADS Inflation and Burn is decided by SCADS TWAP every 12 hours. It is impossible to automate SCADS Inflation and Burn because SCADS TWAP is calculated by manual for now.
SCADS Inflation and Burn will be performed by Z-Service automatically at Scads V1
SCADS TWAP will be calculated by following as:
(35 x SSwapPrice + 15 x ASwapPrice + 15 x BSwapPrice) / 65
Here, SSwapPrice is the SCADS Price via SCADS/BUSD LP at Scads, ASwapPrice is the SCADS Price at ApeSwap and BSwapPrice is the SCADS Price at BiSwap.
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