diff --git a/whats-new/psm.md b/whats-new/psm.md index 26e7bb9..f04f02c 100644 --- a/whats-new/psm.md +++ b/whats-new/psm.md @@ -83,7 +83,7 @@ To protect the value of VAI and consider the USD value of the paired stablecoin, * Input: The user wishes to receive 1 USDT. * Calculation: The conversion rate to consider is max(1, 0.9) => 1 USDT = $1 = 1 VAI. -* The user needs to send (1 USDT \* 1 $/USDT) 1 VAI + fees. +* The user needs to send 1 VAI (1 USDT \* 1 $/USDT) + fees. * Assuming feeOut = 10%, 0.10 VAI will be sent to the treasury, and 1 VAI will be burnt, resulting in a total of 1.1 VAI provided by the user. * The fee is calculated considering the "principal" VAI amount that we are to burn (1 VAI = $1). {% endhint %} @@ -95,8 +95,8 @@ To protect the value of VAI and consider the USD value of the paired stablecoin, * Input: The user desires to receive 10 USDT. * Calculation: The conversion rate to consider is max(1, 1.1) => 1 USDT = $1.1 = 1.1 VAI. -* The user needs to send (10 USDT \* 1.1 $/USDT) 11 VAI + fees. -* Assuming feeOut = 10%, 1.1 VAI will be sent to the treasury, and 10 VAI will be burnt, resulting in a total of 11.1 VAI provided by the user. +* The user needs to send 11 VAI (10 USDT \* 1.1 $/USDT) + fees. +* Assuming feeOut = 10%, 1.1 VAI will be sent to the treasury, and 10 VAI will be burnt, resulting in a total of 12.1 VAI provided by the user. * The fee is calculated considering the "principal" VAI amount that we are to burn (11 VAI = $11). {% endhint %} @@ -109,7 +109,7 @@ To protect the value of VAI and consider the USD value of the paired stablecoin, * Input: The user wishes to send 10 USDT to the PSM. * Calculation: The conversion rate to consider is min(1, 0.9) => 10 USDT = $9 = 9 VAI. -* The user will receive 10 USDT \* 0.9 = 9 VAI (- fees). +* The user will receive 9 VAI (10 USDT \* 0.9) - fees. * Assuming feeIn = 10%, 0.9 VAI will be sent to the treasury, and 8.1 VAI will be sent to the user. * The fee is calculated considering the "principal" VAI amount (9 VAI = $9). {% endhint %} @@ -122,7 +122,7 @@ To protect the value of VAI and consider the USD value of the paired stablecoin, * 1 USDT = $1.1 (conversion rate according to our oracles) * Input: The user wishes to send 10 USDT to the PSM. * Calculation: The conversion rate to consider is min(1, 1.1) => 10 USDT = $10 = 10 VAI. -* The user will receive 10 USDT \* 1.0 = 10 VAI (- fees). +* The user will receive 10 VAI (10 USDT \* 1.0) - fees. * Assuming feeIn = 10%, 1 VAI will be sent to the treasury, and 9 VAI will be sent to the user. * The fee is calculated considering the "principal" VAI amount (10 VAI = $10). {% endhint %}