definitions

fxToken: fungible instrument representing a debt denominated in the specific currency of that fxToken.
collateral: any asset used to secure the minting of an fxToken.
minting: creation of a representative fxToken and associated debt.
c-ratio =Collateral Ratio.
             =  total value of lodged collateral as a % of fxToken debt 
             = collateral value /fxToken loan amount

             = 1/LVR 
Loan to Value Ratio (LVR)  = fxToken loan as a % of collateral value

               =  fxToken loan/collateral value

(also called ‘Mint Ratio’ MR)

burning = destruction of fxTokens representing partial of full repayment of the collateralised loan

collateral metrics:  the risk metrics specific to collateral types. assigned to manage collateral specific lending risk and requirements

vaults: representation of locked collateral that fxToken loans are issued against. vaults contain 1 to n collateral types.
vault ratios: a combination of the individual collateral metrics for assets deposited to a vault. 

liquidation: sale of part or all vault collateral to restore vault ratios to minimum acceptable limits.

liquidation trigger: the c-Ratio (max LVR) at which the collateral liquidation process begins.

liquidation fee = % fee charged to a vault liquidate part or all of lodged collateral.

stability fee = % interest rate applied to asset used as collateral for minting of fxTokens.

protocol fee distributions

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contracts

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