⚛️Essential Token Definitions

XT to the records of collateral and debt

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

For example:

Given LTV = 90%:

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

Underlying token to XT and FT

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

For example:

Given 90% LTV:

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