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. WHITEPAPER
  2. Key protocol features

Intelligent peg adapters

We already touched on Intelligent Peg Adapters (IPAs), specialized contracts set to maintain the stability of the gigaAsset peg. The first IPA the Enjoyoors protocol will support is the Curve Pool IPA. It can deposit or withdraw gigaAssets from a number of gigaAsset liquidity pools approved by governance.

IPAs hold a pre-allocated supply of gigaAsset tokens for peg stabilization efforts. IPA may provide gigaAsset to the pool if the following requirements are met:

  • Providing is not paused.

  • gigaAsset price is above 1.0 (in relation to the underlying) or has been consistently above 1.0 over a specified period defined by a protocol.

  • Price consistency check: the current AMM state price and oracle price of the synthetic must be within a specified deviation range.

IPA may withdraw gigaAsset from the pool if the following requirements are met:

  • Withdrawals are not paused

  • gigaAsset price is below 1.0 (in relation to the underlying) or has been consistently below 1.0 over a specified period defined by a protocol.

  • Price consistency check: the current AMM state price and oracle price of the synthetic must be within a specified deviation range.

Another notable IPA is designed to support pools in external lending protocols. It manages the supply of gigaAssets deployed to lending pools and adjusts the interest rate curve to indirectly incentivize or discourage demand for gigaAssets. This IPA can withdraw funds from the pools to increase liquidity utilization (and interest rates, respectively) or supply additional gigaAssets to lower utilization and stabilize rates as needed.

PreviousReward auctionsNextFurther considerations

Last updated 3 months ago