Glossary
Last updated
Last updated
The Token:USDT ratio represents the proportion of the token and USDT required for minting; it is one of the requirements for minting in Noahswap. Each token has a different Token:USDT ratio determined by Noahswap's governance.
For example, if a user wants to use their $PIT to mint hUSD in Noahswap, let's say they use $50 USD worth of $PIT for minting. Since the Token:USDT ratio is 5:5, the token side, in this case, $PIT, is worth $50 USD, and the USDT side must have the same value, which is $50 USD in order to mint.
The vesting period is the duration of time during which hUSD is released, and in Noahswap it follows a linear release. Linear release means that tokens are released or distributed at a constant rate over a specific period. This rate can be daily, weekly, monthly, or at any regular interval.In Noahswap it is using daily rate. For example, a user decides to use token A and USDT based on the token:USDT ratio to mint in Noahswap, and they choose a 1-year Release Cycle. Let's say the return is 2X, and the combined worth of token A and USDT used is $20 USD. After the 1-year minting period, the user will have 40 hUSD. Before the 1-year period ends, the user will accumulate approximately $0.1096 USD every day.
Linear release formula:
Daily hUSD received = (Token & USDT value / Duration in Days) * Return
In this case:
Token & USDT value = $20 USD
Duration in Days (1 year) = 365 days
Return = 2X
Calculation:
Daily NUSD received = (20 USD / 365 days) * 2 = 0.1096 USD/day
The hUSD assets portfolio consists of the tokens offered by Noahswap that are available for users to mint hUSD. All of the hUSD assets portfolio is reviewed and decided by Noah's governance. For project owners who want to collaborate with Noahswap, you can submit an application form here.
Total minting costs are the combined cost of the token and USDT in USD that is used for minting hUSD. For example, if a user used $10 worth of $PIT and USDT to mint hUSD, the total minting cost would be $20 (token value in USD + USDT value in USD).
Total hUSD Received is the total amount of hUSD that will be received when the vesting period ends. For example, if a user used $30 worth of $FROYO and USDT to mint hUSD, choosing a vesting period of 1 year with a 100% APY. The total hUSD received is $120, calculated as (total minting cost * (1+APY) ). After 1 year, when the vesting period ends, the user will receive a total of 120 hUSD.
