BoringDAO🌀
  • Welcome to BoringDAO
  • Getting Started
  • 🌀Product
  • How does oPortal work?
    • oPortal USDT LP Token Contract
    • oPortal FAQs (for users)
    • oPortal FAQs (for devs)
  • How does oToken Tunnel work?
    • $oBTC Contract
  • How does Satellite City work?
  • 📚Boring Economy
    • Intruduction of $BORING
    • $BORING Distribution
    • $BORING Emission
  • 📋Governance & DAO
  • Snapshot
  • Boring Forum
  • 📖Tutorials
    • How to move your $BORING from ETH to other chains
    • How to Split 1 $BOR into 10,000 $BORING?
    • How to use oPortal to transfer stablecoins to other chains?
    • How to provide liquidity for oPortal?
    • How to convert $BORING to $eBORING to earn more APY?
    • (BORING, BORING) FAQs
  • 🥳Others
    • App Website
    • Social
    • Code Audit Reports
    • Contract Addresses
      • $BORING Token Contract
      • $USDT Token Contract
      • $USDC Token Contract
      • $ETH Token Contract
      • Other
    • Analyzing Tools
Powered by GitBook
On this page

Was this helpful?

How does Satellite City work?

Satellite City has launched ETH/USDT/USDC/DAI pools to provide greater capacity for oBTC Tunnel. These assets will be used as collaterals of the oBTC Tunnel and will be calculated in the Asset Ratio.

Please note that there is no impermanent loss of assets in Satellite City, nor will they become PP Tokens. If the Asset Ratio is less than the specified amount (150% so far), assets will not be liquidated but minting will be paused. However, if a black swan incident occurs (eg. loss of the underlying BTC), compensation will be provided by the decentralized insurance protocols (Nsure, COVER, etc.) first, followed by Satellite City assets and BOR in the tunnel. In return for extremely rare cases, those who stake assets in Satellite City can receive a long-term reward of BOR yield-farming.

Previous$oBTC ContractNextIntruduction of $BORING

Last updated 3 years ago

Was this helpful?