Introduction - Stability - Core - CLI - Query API
The vox
provides the Dai target price, given in terms of the reference
unit, by par
. For example, par == 2
with USD as the reference unit implies
a target price of 2 USD per Sai.
The target price can vary in time, at a rate given by way
, which is the
multiplicative rate of change per second.
In Dai 1.0 the sensitivity, how
, is set to zero. Adjustments to the target
price are made by adjusting the rate of change, way
, directly with coax
.
In future iterations, how
may be non-zero and way
adjustments will then
follow automatically via the feedback mechanism. The vox
component is
subject to ongoing economic modelling research.