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TempleDAO套利逻辑

 2 years ago
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Jan 7, 2022 1 min read Crypto

TempleDAO套利逻辑

当前TEMPLE价格:0.98 FRAX。

Screen-Shot-2022-01-07-at-7.35.43-PM

如何计算内在价值(Intrinsic Value)?

内在价值 = FRAX储备 / TEMPLE发行数,即 165,165,965 / 277,991,360 = 0.59 FRAX。
如果AMM价格低于内在价值,合约会回购TEMPLE销毁。

无风险价值(Risk-Free Value)的两种算法

1、假设项目失败,财库储备退还给TEMPLE持有人,则RFV为:
FRAX储备 / 可兑换TEMPLE流通量 = 165,165,965 / 88,585,604 = 1.86。

2、当前代币质押日化收益为:0.7%,可以持续80天而不会稀释内在价值。质押1枚TEMPLE,80天后为1 * 1.007^80 = 1.747个TEMPLE,则RFV为:1.747 * 0.59 = 1.03 FRAX。

相关链接:
Temple AMM Key Metrics
TempleFraxAMMRouter合约
TempleDAO - Exploring The Pumpamentals
TEMPLE Trade Logic
Temple Defend Mechanism

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