SORA is a new economic system aimed at creating a supranational, world economic system with built-in tools for decentralized finance (DeFi). The SORA network implements a new way of parachain architecture on Polkadot and Kusama network, with the capability to bridge external blockchains (like Ethereum) to the Polkadot ecosystem.
We need to implement the XST token and tokenomics.
When minting new XST, 1% of the total XST minted should be minted in surplus, and distributed proportionally to all XOR-XST liquidity providers that stake on Demeter Farm.
Address to which all the additionally minted XST should be sent: cnTxmnXArAiqtFrM1xh9qSF6dGNiiWigmikr118ikRUnrFAoZ
This means that when minting new XST, a portion of XST should be minted additionally to ensure XST-XOR liquidity providers don't get diluted. This additional XST minted should also be sent to the Demeter farming account. XST-XOR LPs will get the rewards from the additional mint by staking their liquidity on the XST-XOR pool.
Description
The XST token is the new platform for the synthetic assets on SORA.
Tieumsan
commented
1 year ago
Problem statement
We need to implement the XST token and tokenomics.
When minting new XST, 1% of the total XST minted should be minted in surplus, and distributed proportionally to all XOR-XST liquidity providers that stake on Demeter Farm.
Address to which all the additionally minted XST should be sent: cnTxmnXArAiqtFrM1xh9qSF6dGNiiWigmikr118ikRUnrFAoZ
This means that when minting new XST, a portion of XST should be minted additionally to ensure XST-XOR liquidity providers don't get diluted. This additional XST minted should also be sent to the Demeter farming account. XST-XOR LPs will get the rewards from the additional mint by staking their liquidity on the XST-XOR pool.
Description
The XST token is the new platform for the synthetic assets on SORA.
Definition of Done
Requirements
Source: https://medium.com/sora-xor/xst-a-platform-for-synthetic-assets-on-sora-b45ca526d8d5
[ ] Additional mint logic
[ ] Tests