Dai 1.0

Introduction - Stability - Core - CLI - Query API

Vox - target price feed

The vox provides the Dai target price, given in terms of the reference unit, by par. For example, par == 2 with USD as the reference unit implies a target price of 2 USD per Sai.

The target price can vary in time, at a rate given by way, which is the multiplicative rate of change per second.

In Dai 1.0 the sensitivity, how, is set to zero. Adjustments to the target price are made by adjusting the rate of change, way, directly with coax. In future iterations, how may be non-zero and way adjustments will then follow automatically via the feedback mechanism. The vox component is subject to ongoing economic modelling research.