How is This Achieved?

The Reserve works as a safety mechanism ensuring better collateralization rates, providing a bigger cushion for borrowing positions (mitigate immediate liquidation). The Reserve Fund consists primarily of Relite Government Token (RELI)
Relite government tokens (RELI) will be introduced and used as a recapitalization mechanism (in a shortfall event) together with a staking mechanism
10% of Relite tokens will be in reserve funds from day 1
Relite will have 2 types of pools: non-fixed terms and fixed terms pools (in the future)
Maturity contracts will be introduced to the fixed terms pools mitigating rates and expiration threshold. The contracts will ensure that loans are repaid on time and not liquidated.
After the initial governance implementation RELI holders will be able to vote on Reserve Fund policy, non-fixed/fixed pool interest rates, and collateral requirements

Last updated 4 years ago

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The Reserve works as a safety mechanism ensuring better collateralization rates, providing a bigger cushion for borrowing positions (mitigate immediate liquidation). The Reserve Fund consists primarily of Relite Government Token (RELI)
Relite government tokens (RELI) will be introduced and used as a recapitalization mechanism (in a shortfall event) together with a staking mechanism
10% of Relite tokens will be in reserve funds from day 1
Relite will have 2 types of pools: non-fixed terms and fixed terms pools (in the future)
Maturity contracts will be introduced to the fixed terms pools mitigating rates and expiration threshold. The contracts will ensure that loans are repaid on time and not liquidated.
After the initial governance implementation RELI holders will be able to vote on Reserve Fund policy, non-fixed/fixed pool interest rates, and collateral requirements

Last updated 4 years ago

Was this helpful?