Cash Pool

Treasury

The Unitstable Cash Treasury exists to enable bond-to-cash redemptions. Bonds redeemed via the Treasury automatically returns the user an equal number of Unitstable Cash, provided that: 1) the oracle price of Unitstable Cash is above 1 USDT, and 2) the Treasury contract has a positive balance of Unitstable Cash.

Disallowing redemptions when the Unitstable Cash price is below 1 USDT prevents bond holders from prematurely cutting their losses and creating unnecessary downward pressure on the price of UAC.

In addition, as the price of UAC is likely to experience significant volatility during its phase of initial distribution (first 5 days), the Treasury is scheduled to start after initial distribution concludes (starting from day 6 of launch). This is to grant the UAC market enough time to stabilize, after which the protocol makes effective use of the stabilization mechanism to prevent further deviations in price.

Boardroom

The Boardroom allows Unitstable Share holders to claim excess Unitstable Cash minted by the protocol. Holders of Unitstable Shares can stake their Shares to the Boardroom contract, which by doing so, they can claim a pro-rata share of Unitstable Cash tokens assigned to the Boardroom.