Implementation

Detailing current USDmo production implementation

Monetizer Module

The Monetizer Module, which is going to serve as the main minting module, is deployed on Eden. Tokens allowed in the backing of USDp have been carefully reviewed for their stability, robustness, sustainable yield generation and business development potential. Allowed assets and their parameters can be updated at any time by contributors.

The Monetizer Module is deployed on Eden with these parameters:

TBA

Savings Module

The Savings USDmo, which is called sUSDmo is deployed on Eden. The Savings USDmo will act as a low risk yield bearing with real yield coming from assets generating yield in the backing of USDmo. Main use cases include, but are not limited to wallet integration for one click USD saving account & collateral asset in lending protocols.

As mentioned previously, savings rates aren’t automatically updated and need to be updated by a keeper. Protocol contributors are currently keepers.

In order to prevent any potential keeper from turning malicious and uncontrollably increasing the sUSDp rate, the maximum possible rate of sUSDmo has been set at 35.00%

Flashloan Module

Flashloans play an important role in Monet, enabling USDmo assets in backing to be rebalanced in the Monetizer Module, and allowing future USDmo liquidity pools to be arbitraged in order to maintain the best price between all pools.

Fees will be sent to the FeeCollector contract in order to be redistributed. Below are current parameters:

Blockchain	Fee (%)
Eden Testnet	0.00