Inspiration
DSR arb on GHO with sDAI; the only other TGE that started around 50 cents and went to a dollar was FEI. The liquidation algorithm was inspired by Euler's disk.
What it does
Utility token is a bond (future $) that takes 1 year to mature. Trade silver; way more capital-efficient than Synthetix. Liquidation protection for short and long leverage (not a DEX, but ambidextrous).
How we built it
Extremely driven development. Details in README.
Challenges we ran into
Power outages in Kyiv. ADHD.
Accomplishments that we're proud of
Wouldn't feel right to run a VRF lottery for liquidated borrowers if we hadn't also felt lucky being liquidated ourselves.
What we learned
We can increase the yield of sDAI/sFRAX the same way that Philip Morris increased the yield of cigarettes with ammonia (basing).
What's next for QU!D
Connect CCIP; launch on mainnet by June 27th.
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