SERP-TES Pallet -- SERP-Token Elasticity of Supply
The SERP-TES (Setheum Elastic Reserve Protocol - Token Elasticity of Supply)
module provides a token elasticity system for the SERP-STP258 mixed stablecoin system,
by configuring an expansion which implements an expand_supply to expand stablecoin supply
and a contract_supply which contracts the stablecoin supply.
Then to determine whether the SERP should expand or contract supply, the TES provides
a serp_elast to tell the TES when to expand and when to contract supply depending on
the outcome of the price of the stablecoin.
It also provides a hand_out_settcurrency that implements an adapter to hand out the
newly minted stablecoin to the shareholders of the SERP.
TODO!: Also handout 25% of each expand_supply to the stakers of the network to buy back NativeCurrency through SerpMarket - as per the
Setheum white paper (Do, When Staking Pallet is Added).
The serp-tes module provides functionality of both the Stp258 module that needs
to contract and expand the supply of its currencies for its stablecoin system stability
and the SerpMarket module that needs to trade/auction the currencies minted and
contracted by the SerpTes module, which it has to do with the SerpStaking module to be
built in the next Milestone of the Serp Modules.
The SerpTes module depends on the FetchPrice module to feed the prices of the
currencies in to adjust the stablecoin supply.
This Pallet is inspired by the Stablecoin Pallet originally developed by Alexander Popiak, for reference check The Apopiak/Stablecoin Repo.