Development unWrapped with Ryan Medlin, CTO of unFederalReserve

Current Illiquidity for Stablecoins

  • The eRSDL token itself will not be deprecated.
  • We are not creating a new eRSDL token.

Goal of Moving Users to the New unERSDL Contract

Market Data to track goal progress:

[CORRECTION:] ReserveLending Gas Fee Reimbursement Information

Reference Analytics:

How it Works

Example Transactions

[CORRECTION:] Additional Information

  • The value of eRSDL/ETH at the time of the migration;
  • A pegged value of eRSDL/ETH calculated using a volume-weighted average or other metric;
  • The value of eRSDL/ETH at the time of the reimbursement itself; or
  • Some other method based on community feedback.
  • Maximum reimbursement for the migration project will be $250k in eRSDL for total gas fees based on the method used to calculate the reimbursement above.
  • The gas fee per token maximum payout will be $300. So, $300 total to make the two-step move should be your budget.
  • Paying off borrows, multiple redeems and mints will not be reimbursed. It is expected that all funds the user wants to move will be moved in the one redeem/mint transaction set.
  • You must redeem and then mint on the same day.
  • The amounts must match (no decimals are ok) from the redeem to the mint.

Gas Fee Estimates

Signaling and Timing of Reimbursement

Closing Statement

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‘Credit vs Cash’ spot market fintech using blockchain protocols. Great liquidity access. Instantaneous settlement. $ersdl #DeFI #middlemarketdefi #uniswap

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unFederalReserve

unFederalReserve

‘Credit vs Cash’ spot market fintech using blockchain protocols. Great liquidity access. Instantaneous settlement. $ersdl #DeFI #middlemarketdefi #uniswap

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