REDEMPTION
  • REDEMPTION
    • Redemption Token (RDTN)
    • RDBN (Puttable Bonds)
    • Redemption Platform / dApps
    • Redemption DAO
  • How to Earn?
    • Redemption Bonds
      • Features
      • Redemption Bonds Prizes & Lucky Draw Periods
      • Bond Serial Number & Important Terms
      • Bonds Issuing, Locking & Lucky Draw Dates
      • How Do Redemption Bonds Work?
      • Why Redemption bonds?
      • Technical Specifications
        • Issuance of Redemption Bonds
        • Collateral Pool Management
        • Collateral Size Determination & Oracle
        • Management of Bonds
        • Redemption of Bonds
        • Prize Pool Calculation
        • Burning The Bonds
        • Redemption Bonds Workflows
    • Staking
      • Staking Pools Duration
      • Why Stake Redemption Tokens?
      • How To Earn With Staking?
    • Lottery
      • Lottery Pools & Probability to Win
      • Lottery Pool Value & Prize Distribution
      • How The Winning No Is Drawn?
      • How To Play The Lottery?
  • How to Get RDTN?
  • DAO
    • Functions of DAO
    • Guilds, Their Selection & Compensation
    • Why Participate in The DAO?
    • How DAO Voting Works
    • How Does DAO Treasury Work?
    • Funds Management With Multisig Wallets
    • Funds Allocation to Guilds
    • How To Vote?
  • Invest in Pre-IDO
    • Why Invest in Pre-IDO?
    • How to Buy Redemption Before IDO?
Powered by GitBook
On this page

Was this helpful?

  1. How to Earn?
  2. Redemption Bonds
  3. Technical Specifications

Issuance of Redemption Bonds

To manage the issuance and redemption of Redemption Bonds, a smart contract will be deployed on the Ethereum blockchain. The smart contract will have functions for issuing new bonds, redeeming bonds, and managing the collateral pool.

When a new bond is issued, the smart contract will calculate the required amount of collateral based on the denomination of the bond. The formula for calculating the required collateral is:

requiredCollateral = bondDenomination / (1 - collateralizationRatio)

Where bondDenomination is the face value of the bond and collateralizationRatio is the ratio of collateral to bond value (e.g., 1.0 for a 100% collateralization ratio).

PreviousTechnical SpecificationsNextCollateral Pool Management

Last updated 2 years ago

Was this helpful?