Enjoyoors
  • WHITEPAPER
    • Introduction
    • User-abstracted rehypothecation
      • Giga CDP of Enjoyoors
      • Giga CDP design
      • Deep secondary liquidity for gigaAssets
    • Protocol stability
      • Efficient portfolio management
      • Supply regulation for gigaAssets
      • System-wide insurance
    • Risk management framework
      • Market risks
      • Technical risks
      • gigaAsset allocation rules
    • Decentralized system architecture
      • Public chain infrastructure
      • Orchestrator appchain
      • Oracles
      • Interchain communications
    • Key protocol features
      • Epochs
      • Reward auctions
      • Intelligent peg adapters
    • Further considerations
      • Making RWAs work harder
      • Own DeFi ecosystem
      • Our priorities
  • SYSTEM ARCHITECTURE
    • Overview
    • Public Blockchain Infrastructure
      • Vaults
      • gigaAsset Manager
      • Target Protocols
      • Target Protocol Adapters
      • Intelligent Peg Adapters
      • AMM Pools
      • Rewards Treasury
    • AVS Relayer
      • Relayers
    • Enjoyoors Orchestrator AppChain (L3)
      • Enjoyoors Management System
      • Orchestrator AppChain Layers
      • Security Mechanisms
      • Price Oracle
      • Governance
      • gigaCDP
      • Portfolio Management System
      • Auctions
      • Insurance Pool
    • gigaAsset Bridge
    • gigaAssets
    • Epochs
  • PROTOCOL FLOWS
    • Deposit
    • Withdraw
    • Auction
  • RISKS
    • Protocol risks
Powered by GitBook
On this page
Export as PDF
  1. SYSTEM ARCHITECTURE
  2. Public Blockchain Infrastructure

Intelligent Peg Adapters

PreviousTarget Protocol AdaptersNextAMM Pools

Last updated 1 month ago

Intelligent Peg Adapters (IPAs) are specialized smart contracts designed to maintain the stability of the gigaAsset peg. Each IPA serves as a dedicated adapter to seamlessly communicate with the corresponding AMM pool approved by Governance.

The gigaAsset Manager pre-allocates a supply of gigaAssets by minting them directly to the IPA. When quote token liquidity is provided by liquidity providers, the IPA combines it with its available gigaAssets to deposit both tokens into the AMM pool at a one-to-one ratio. This ensures the pool remains balanced and supports efficient trading between the tokens.

The IPA employs a combined mechanism to maintain peg stability during price deviations from the target range:

  • If sufficient liquidity is available in the contract, it can perform token swaps to adjust the peg. This mechanism directly impacts the token reserve amounts in the pool, bringing the peg back to the target range.

  • When deposit/withdraw functionality is not paused, the IPA can facilitate the provision or withdrawal of gigaAssets. This mechanism increases or decreases the reserve amount of gigaAssets, helping to stabilize the peg.

In addition to the IPA's stabilization mechanisms, authorized liquidity providers and AMMs actively monitor the peg. These entities use the IPA to dynamically rebalance the peg. Their involvement provides an additional layer of stability, ensuring the peg is maintained even during volatile market conditions.

The first IPA that the Enjoyoors protocol will support is the Curve Pool IPA.

Intelligent Peg Adapters and related components digram