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10 changes: 5 additions & 5 deletions whats-new/psm.md
Original file line number Diff line number Diff line change
Expand Up @@ -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 %}
Expand All @@ -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 %}

Expand All @@ -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 %}
Expand All @@ -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 %}
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