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Rapid Extrinsic Value Decay BTC | REVDB

The REVDB token shows a warp map of the changing spread between current and future asset pricing.
REVDB - Rapid Extrinsic Value Decay BTC - Seeks to track notional value against extrinsic value implications in BTC pricing. It is the second derivative of the change in expected future value vs current value. A widening spread between expected value and current value equates to a positive move on REVDB. A tightening spread between expected value and current value equates to a negative move on REVDB. An additional small value between MoM and DoD correlation changes has been added to bake in to allow for broader long-term trends to form during periods of sustained market moves. As such, it can act as a shorter to mid-term trading tool based on portfolio bias of the aforementioned.
Mints start at 10 USD worth of ISA and will theoretically trade as a summation of the aforementioned change in ratios. The wider the spread between expected and current value, the more sensitive REVDB is towards positive moves. The lower the correlation, the less sensitive the asset trades. Over time - the range will rise or fall based on the relationship between the two, but the bias representation will remain consistent.
Like all collateralized products on our platform, sRho is used to secure the short position. REVDB utilizes a 2:1 collateral ratio to secure the position. A 2.5% mint fee is required to mint REVDB - with the minter receiving sREVDB in return as a receipt.
A 2.5% fee applies to swapping sREVDB. sREVDB can be bonded and sold to the Treasury. Short-sellers will also pay interest to the pooled long sREVDB at a daily interest rate of 0.2% per day - which will be paid for in sRHO. This daily interest will be calculated at the time of establishing the short by entering the maximum number of days you will be short for. Once the time limit is up - the short contract will expire and the short closed. If REVDB is below the price when the short was initiated, the aggregated long pool of REVDB will pay the unit count worth of profit to the now closed short holder. The time interest the short paid to the collected pool of longs will then be distributed to the longs proportional to their positional unit count.
However, the interest will only be paid to the long holders that were in the pool at the time the short was established. If a short-seller chooses to close out their position at a loss, the collateral lost will be divided among all long sREVDB unit holders that were in the pool at the time the short was established. If the short-seller closes out their position at a profit, the percentage of the profit will be divided amongst all long sREVDB and the appropriate sREVDB units will be transferred to the short-seller as profit.
Shorting above the total float of REVDB in the lending pool is prohibited.