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cupOJoseph authored May 15, 2024
2 parents 4ba6765 + 923880b commit f543d89
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2 changes: 1 addition & 1 deletion docs/Audits.mdx
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Expand Up @@ -14,4 +14,4 @@ The Open Dollar protocol has also been audited by:\

[Pashov Audit Group\
](https://www.pashov.net/)\
In addition to a semi-automated security scan followed by manual verification by [Pessimistic](https://pessimistic.io/)
In addition to a semi-automated security scan followed by manual verification by [Pessimistic](https://pessimistic.io/)
2 changes: 2 additions & 0 deletions docs/Leverage.mdx
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Expand Up @@ -53,6 +53,7 @@ In the second step of leverage, the same process is repeated: The user borrows t

With the position now leveraged to a multiple of 2.44x, the net APY of 6.61%(\\$2,644) is an increase of 73.95% of the original of 3.8%($1,520), inclusive of borrowing fees. Note that the liquidation threshold has also risen and the collateralization ratio has dropped relative to the previous step.


## The Trend

Repeating the process detailed in the previous steps, the user borrows the maximum amount of OD after depositing the newly purchased wstETH collateral. With each step of leverage, the values continue to change in the same direction as the previous step:
Expand Down Expand Up @@ -102,6 +103,7 @@ In the third step of leverage, the same process is repeated: 

In the final step, the user reaches their target collateralization ratio with a leveraged position of 3.36x more wstETH collateral than their original amount of 10 wstETH. They now have nearly $118,080 in wstETH and a 121.32% greater net yield of 8.41% ($3,364) versus their original yield of only 3.8% (\\$1,520), inclusive of the 1.85% APR borrowing fees.


The liquidation threshold is now at $2,341.74, or roughly 41.5% less than the market price of wstETH when they began. Depending on the risk tolerance and yield goals of the user, they could continue, but in this scenario, they have reached their target and are comfortable with these values.

We hope you enjoyed this case study on leveraging your vault. As reflected on our [Roadmap](https://www.notion.so/opendollar/d276e9d464d6478cacf86c2d75e21982?v=24d2ad15c92c4a3895c6066bfac2e303\&pvs=4), a selectable leverage slider is planned for release that will automatically loop your vault to the desired leverage value without repeating this process manually. If you have any questions, feel free to ask us in our[ Discord](https://discord.com/invite/UbTUfuGBrS)!
1 change: 1 addition & 0 deletions docs/Proposals-and-Voting.mdx
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Expand Up @@ -36,6 +36,7 @@ Voting Period: 2 days

After the voting delay, votes are counted for 2 days, giving ample time for all DAO members to participate. As soon as it’s over, the proposal can be passed.


Timelock Delay: 1 day

After the first proposal is passed, there is no delay before it can be executed so we can increase the debt ceiling to launch Open Dollar immediately and have the flexibility to make necessary changes quickly.
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