⚛️Essential Token Definitions

N_{XT} = N_{UnderlyingTokenToBuyCollateral} + LTV \times N_{UnderlyingTokenOfDebtRecord}

For example:

Given LTV = 90%:

1 XT = 1 USDC to buy collateral + 0.9 USDC debt record

N_{UnderlyingToken} = N_{XT} + LTV \times N_{FT}

For example:

Given 90% LTV:

10 USDC = 10 XT + (10*90%) FT

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N_{XT} = N_{UnderlyingTokenToBuyCollateral} + LTV \times N_{UnderlyingTokenOfDebtRecord}

For example:

Given LTV = 90%:

1 XT = 1 USDC to buy collateral + 0.9 USDC debt record

N_{UnderlyingToken} = N_{XT} + LTV \times N_{FT}

For example:

Given 90% LTV:

10 USDC = 10 XT + (10*90%) FT