We are happy to announce a series of upgrades to the community. This upgrade will take place at 0:00 (UTC time) on January 19th, 2021, and the website may not be accessible for several minutes. The specific upgrade details are as follows
1. Rebalance function will be launched in this update, including Buyback function and Recollateralize function
The Rebalance function is not a function commonly used by ordinary users, so ordinary users do not need to pay special attention to it. Generally speaking, the Rebalance function is used to adjust the collateral in the Pegs Cash Pool.
When the stock of USDC exceeds the amount matched by the current CR, the buyback function can be performed, and the protocol will not provide incentives for this, because redundant collateral is allowed in the system
When the stock of USDC is less than the amount matched by the current CR, the Recollateralize function can be performed, and the protocol will provide extra PEGS as an incentive.
For a detailed introduction to the Rebalance function, you can check the Docs on the official website.
2. Launch the Dashboard function, the historical data of CR and the price, supply, market value, of PUSD and PEGS can be intuitively viewed.
3. The 12 million unallocated mining PEGS will be transferred into a smart contract with a 48-hour time lock. This part will be announced in the community before the distribution. In addition, once again, the 6 million PEGS of the team are currently locked in smart contracts.
4. UI of the FRAM and STAKE page updated
After the website is updated, if you cannot log in normally or cannot use new features, please clear your browser cache and log in again
At the same time, we are also very happy to announce to the community that in just one week, the liquidity of Pegs Cash has grown well.
Current Data
PUSD/USDC Pool：$17,380,898
PEGS/PUSD Pool：$2,786,735
The data is taken at 9 o’clock on January 18th, 2021 (UTC time)
Pegs Cash is growing. Welcome to discuss the future of collateral algorithmic stablecoins with us. You can contact us through the following channels.
Join Our Community
Website: Pegs.cash
Twitter: https://twitter.com/pegscash
Telegram: https://t.me/pegscash
Medium: https://medium.com/@pegscash
