deploy to main (#116)

* TinaCMS content update * Update from TinaCMS * TinaCMS content update * fix protocol fees image * Update from TinaCMS * Update from TinaCMS * TinaCMS content update * TinaCMS content update * TinaCMS content update * TinaCMS content update * TinaCMS content update * Issue #112: Fix docs issues, add instructions for editing/publishing (#113) * docs fixes * docs fixes * one slash * TinaCMS content update * TinaCMS content update * TinaCMS content update * TinaCMS content update * Update `docs/-NFT-Vaults-.mdx` * Update `docs/api/api-endpoints.mdx` * TinaCMS content update * TinaCMS content update * TinaCMS content update * TinaCMS content update --------- Co-authored-by: tina-cloud-app[bot] <58178390+tina-cloud-app[bot]@users.noreply.github.com> Co-authored-by: holocron.so <[email protected]>
open-dollar · Jul 9, 2024 · e84258e · e84258e
1 parent 9dd2a2a
commit e84258e
Show file tree

Hide file tree

Showing 7 changed files with 27 additions and 19 deletions.
diff --git a/docs/-NFT-Vaults-.mdx b/docs/-NFT-Vaults-.mdx
@@ -1,4 +1,3 @@
 ---
 title: "\U0001F3E6 NFT Vaults "
 ---
-
diff --git a/docs/Open-Dollar-Protocol-Overview.mdx b/docs/Open-Dollar-Protocol-Overview.mdx
@@ -7,7 +7,7 @@ description: ''
 
 <img src="./img/OD Locking Flow (1).png" alt="OD Locking Flow" />
 
-The Open Dollar platform allows you to easily borrow the OD stablecoin against your LST or other supported Arbitrum-native assets and create leveraged positions at low rates while retaining 100% of the yields of your deposited collateral.
+The Open Dollar platform allows you to easily borrow the OD stablecoin against your LSTs or other supported Arbitrum-native assets and create leveraged positions at low rates while retaining 100% of the yields of your deposited collateral.
 
 A unique feature of the Open Dollar platform is the implementation of Non-Fungible Vaults (NFVs), which enable the transfer, trade, or sale of an entire position without repaying the outstanding loan.
 

diff --git a/docs/Supported-Collaterals.mdx b/docs/Supported-Collaterals.mdx
@@ -9,6 +9,16 @@ This page contains the up to date list of supported collaterals in the Open Doll
 
 ### Collaterals
 
+**WETH**
+
+WETH - Wrapped Ether
+
+Token Address: 0x82aF49447D8a07e3bd95BD0d56f35241523fBab1
+
+Minimum Collateral Ratio: 120%
+
+Stability Fee: 1.5%
+
 #### wstETH
 
 [wstETH](https://arbiscan.io/token/0x5979D7b546E38E414F7E9822514be443A4800529) - Lido wrapped staked ETH

diff --git a/docs/What-is-OD.mdx b/docs/What-is-OD.mdx
@@ -2,18 +2,18 @@
 title: What is OD?
 ---
 
-Contract: https://arbiscan.io/token/0x221A0f68770658C15B525d0F89F5da2baAB5f321
+Contract: [https://arbiscan.io/token/0x221A0f68770658C15B525d0F89F5da2baAB5f321](https://arbiscan.io/token/0x221A0f68770658C15B525d0F89F5da2baAB5f321)
 
 ### Overview
 
-OD is Open Dollar’s robust and over-collateralized stablecoin backed by LSTs. Its \$1.00 floating peg is maintained by the protocol’s algorithm which adjusts it’s redemption rate by repricing debt, incentivizing vault managers to take actions to restore its value.
+OD is Open Dollar’s robust and over-collateralized stablecoin backed by LSTs and other Arbitrum-native assets. Its $1.00 floating peg is maintained by the protocol’s algorithm which adjusts it’s redemption rate by repricing debt, incentivizing vault managers to take actions to restore its value.
 
 Read more on our [blog](https://www.opendollar.com/blog/control-pegged-stablecoin-mechanics-how-od-stays-stable).
 
 ### Features
 
-* Stable Value: Pegged to \$1.00 for consistency and predictability in transactions.
+* Stable Value: Pegged to $1.00 for consistency and predictability in transactions.
 * Over-Collateralization: Backed by an excess in collateral value, enhancing security.
-* Algorithmic Price Stability: OD's uses a dynamic control system called a PID controller, which continuously adjusts the redemption rate to maintain its \$1.00 floating peg to the USD.
-* Arbitrage Opportunities: When OD's market price deviates from its \$1.00 peg, the system's adjustments create arbitrage opportunities to restore it. This encourages users to buy or sell OD to realign its market price with the intended peg which benefits individual traders and the overall stability of the token.
+* Algorithmic Price Stability: OD's uses a dynamic control system called a PID controller, which continuously adjusts the redemption rate to maintain its $1.00 floating peg to the USD.
+* Arbitrage Opportunities: When OD's market price deviates from its $1.00 peg, the system's adjustments create arbitrage opportunities to restore it. This encourages users to buy or sell OD to realign its market price with the intended peg which benefits individual traders and the overall stability of the token.
 * Decentralized Nature: OD's decentralized framework diminishes reliance on centralized custodians, reducing risks associated with centralized control and enhancing the security and transparency of users' assets.
diff --git a/docs/Who-is-Open-Dollar-built-for.mdx b/docs/Who-is-Open-Dollar-built-for.mdx
@@ -2,7 +2,7 @@
 title: Who is Open Dollar built for?
 ---
 
-Open Dollar is designed for a diverse range of users within the DeFi ecosystem, particularly those interested in leveraging their Liquid Staking Tokens (LSTs) and other digital assets.
+Open Dollar is designed for a diverse range of users within the DeFi ecosystem, particularly those interested in leveraging their Liquid Staking Tokens (LSTs) and Arbitrum-native assets assets. Check out our [supported collateral page](https://docs.opendollar.com/Supported-Collaterals) to learn more.
 
 Key user groups include:
 

diff --git a/docs/api/api-endpoints.mdx b/docs/api/api-endpoints.mdx
@@ -8,10 +8,9 @@ title: API Endpoints
 
 ### Graph Protocol Subgraphs
 
-* Arbitrum: Coming soon
-* Arbitrum Sepolia: [https://api.studio.thegraph.com/query/52770/open-dollar---testnet/v1.5.8-rc.8](https://api.studio.thegraph.com/query/52770/open-dollar---testnet/v1.5.8-rc.8)
-
+- Arbitrum: Coming soon
+- Arbitrum Sepolia: [https://api.studio.thegraph.com/query/52770/open-dollar---testnet/v1.5.8-rc.8](https://api.studio.thegraph.com/query/52770/open-dollar---testnet/v1.5.8-rc.8)
 
 The subgraph documentation is available in our [od-subgraph](https://github.com/open-dollar/od-subgraph) repository
 
-<img src="/img/selection-436.png" alt="The Graph screenshot" />
+<img src="/img/selection-436.png" alt="The Graph screenshot" />
diff --git a/docs/faq.mdx b/docs/faq.mdx
@@ -7,7 +7,7 @@ description: Frequently asked questions about Open Dollar
 
 ### What is Open Dollar?
 
-Open Dollar is the protocol that issues OD, a floating \$1.00 pegged stablecoin backed by Liquid Staking Tokens and other deep liquidity tokens such as ARB with NFT-controlled vaults built on Arbitrum.
+Open Dollar is the protocol that issues OD, a floating $1.00 pegged stablecoin backed by Liquid Staking Tokens and other deep liquidity tokens such as ARB with NFT-controlled vaults built on Arbitrum.
 
 ### How does OD stay stable?
 
@@ -107,7 +107,7 @@ When you connect to Open Dollar’s app for the first time you are asked to crea
 
 ### Isn't OD growth bounded by ETH and LST growth?
 
-Not necessarily. As our minimized governance model can slowly add other strong collateral types in the future, OD growth can continue even as pure ETH growth slows.
+Not necessarily. As our minimized governance model can continue to add other strong collateral types in the future, OD growth can continue even as pure ETH growth slows.
 
 ### Can you summarize the behavior of the OD redemption rate?
 
@@ -143,11 +143,11 @@ To better understand how OD behaves, we need to analyze its monetary policy whic
 
 Let's walk through an example of how OD is revalued in case of capital inflow of some Liquid Staked Token that we can call lstETH (meaning people are bullish on lstETH ):
 
-* At time T1: lstETH price is \$500, OD's market and redemption prices are both \$1.
-* At time T2: lstETH price surges to \$1000. Open Dollar vault users suddenly have more borrowing power and generate more OD against their collateral. Those users sell OD on the secondary market (like an exchange), causing OD's market price to drop to \$0.95. Users might be selling to create leveraged long positions or to access capital without having to sell their lstETH.
-* At time T3: lstETH remains at \$1000 and OD's market price is still \$0.95. The protocol wants the market price to get close to the redemption price. In order to eliminate the imbalance between the market/redemption prices, the system starts to revalue OD. Revaluing consists in setting a positive redemption rate which makes the redemption price grow every second.
-* At time T4: lstETH remains at \$1000. OD's redemption price is now \$1.05. Vault users are starting to realize that they can now borrow less OD per one lstETH, they can redeem less lstETH during Settlement (because OD is now more expensive), and that it will be more expensive to close their vault once the market price follows the redemption price. At the same time, OD holders are starting to realize that they can redeem more and more ETH during settlement.
-* At time T5: lstETH remains at \$1000. OD's redemption price is now \$1.10. OD's market price surged to \$1.01 as a result of vault users buying OD in order to close their positions as soon as possible instead of later on when OD is more expensive.
+* At time T1: lstETH price is $500, OD's market and redemption prices are both $1.
+* At time T2: lstETH price surges to $1000. Open Dollar vault users suddenly have more borrowing power and generate more OD against their collateral. Those users sell OD on the secondary market (like an exchange), causing OD's market price to drop to $0.95. Users might be selling to create leveraged long positions or to access capital without having to sell their lstETH.
+* At time T3: lstETH remains at $1000 and OD's market price is still $0.95. The protocol wants the market price to get close to the redemption price. In order to eliminate the imbalance between the market/redemption prices, the system starts to revalue OD. Revaluing consists in setting a positive redemption rate which makes the redemption price grow every second.
+* At time T4: lstETH remains at $1000. OD's redemption price is now $1.05. Vault users are starting to realize that they can now borrow less OD per one lstETH, they can redeem less lstETH during Settlement (because OD is now more expensive), and that it will be more expensive to close their vault once the market price follows the redemption price. At the same time, OD holders are starting to realize that they can redeem more and more ETH during settlement.
+* At time T5: lstETH remains at $1000. OD's redemption price is now $1.10. OD's market price surged to $1.01 as a result of vault users buying OD in order to close their positions as soon as possible instead of later on when OD is more expensive.
 
 When OD is devalued (in the case of lstETH capital outflow), the opposite happens: