Hello! In order to better respond to USN exchange rate fluctuations in a more timely manner, and a transparent mechanism can bring confidence to the market, the BOX community has proposed the concept "automatic annualized rate adjustment mechanism". Based on the above content, after fully discussing in the community, the Defibox Foundation proposed an automatic adjustment mechanism for the USN annualized rate, hoping that through the automatic adjustment of the USN annualized rate, we will respond quickly and flexibly, and can promote the stability of the USN exchange rate. We will initiate proposal after reopening BOX DAO (expected this week), the specific rules of the mechanism are as follows:
Through the above mechanism, when the USN exchange rate fluctuates, through the automatic linear adjustment of the USN annualized rate, we hope that the pegged status of USN exchange rate will be strengthened and the scale of USN supply will be continuously expanded.
Thank you for your support and attention to Defibox!
December 28, 2020