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* Add 'InterestFactor' to CDP type (#734) * update cdp type to include interest factor * fix build * Add cdp accumulator methods (#735) * remame fees to interest * add accumulate interest method * add basic test * add note * address review comments * update tests * Add sync cdp interest method (#737) * remame fees to interest * add accumulate interest method * add basic test * add note * address review comments * update tests * remove old fee functions * add method to synchronize cdp interest * add multi-cdp tests * add test with many blocks * add test for interest getter * address review comments * calculate time difference then convert to seconds * fix: update collateral index when syncing interest * fix: differentiate between case when apy is zero and all fees are being rounded to zero * fix: round time difference properly * update cdp genesis state and migrations (#738) * remame fees to interest * add accumulate interest method * add basic test * add note * address review comments * update tests * remove old fee functions * add method to synchronize cdp interest * add multi-cdp tests * add test with many blocks * add test for interest getter * update cdp genesis state and migrations * address review comments * calculate time difference then convert to seconds * fix: update collateral index when syncing interest * fix: differentiate between case when apy is zero and all fees are being rounded to zero * fix: simplify add/remove/update collateral index * update genesis state to include total principal amounts * update migration * Delete kava-4-cdp-state-block-500000.json * Add cdp liquidations by external keeper (#750) * feat: split liquidations between external keepers and automated begin blocker * address review comments * USDX incentive accumulators (#752) * feat: split liquidations between external keepers and automated begin blocker * wip: refactor usdx minting incentives to use accumulators/hooks * wip: refactor usdx minting claim object * feat: use accumulators/hooks for usdx minting rewards * fix: get tests passing * fix: don't create claim objects unless that cdp type is eligable for rewards * add begin blocker * update client * cleanup comments/tests * update querier * address review comments * fix: check for division by zero * address review comments * run hook before interest is synced * Remove savings rate (#764) * remove savings rate * remove savings rate from debt param * update migrations * address review comments * Add usdx incentives calculation test (#765) * add usdx incentive calculation test * update reward calculation * add allowable error to test criteria * Update x/incentive/keeper/rewards_test.go Co-authored-by: Kevin Davis <karzak@users.noreply.github.com> * fix: remove old fields from test genesis state Co-authored-by: Ruaridh <rhuairahrighairidh@users.noreply.github.com> Co-authored-by: Ruaridh <rhuairahrighairidh@users.noreply.github.com> |
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01_concepts.md | ||
02_state.md | ||
03_messages.md | ||
04_params.md | ||
05_events.md | ||
06_begin_block.md | ||
README.md |
cdp
Table of Contents
Overview
The x/cdp
module stores and manages Collateralized Debt Positions (or CDPs).
A CDP enables the creation of a stable asset pegged to an external price (usually US Dollar) by collateralization with another asset. Collateral is locked in a CDP and new stable asset can be minted up to some fraction of the value of the collateral. To unlock the collateral, the debt must be repaid by returning some stable asset to the CDP at which point it will be burned and the collateral unlocked.
Pegged assets remain fully collateralized by the value locked in CDPs. In the event of price changes, this collateral can be seized and sold off in auctions by the system to reclaim and reduce the supply of stable assets.