Future Swap - Revision history

Anantasesa: /* Background */ grammar

2022-10-23T17:00:34Z

Background: grammar

Lemmy: typo

2022-10-22T18:19:25Z

typo

Lemmy: added charts link

2022-10-22T18:16:53Z

added charts link

Lemmy: added quickcheck

2022-10-20T16:11:45Z

added quickcheck

Lemmy: created article for future swaps in EN

2022-10-20T16:09:29Z

created article for future swaps in EN

New page

== Future Swap ==

===Background===
after the introduction of the stock token they were traded with a premium. The prices on the DEX were higher than the prices from the oracle. To fight this premium (nut also a possible discount) the future swaps were introduced with DFIP-2203-A.

https://github.com/DeFiCh/dfips/issues/127

This swap is executed once a week (every 7*2880 blocks). You can buy for + 5% of the oracle price or sell for -5% of the oracle price, even if the Price is higer/lower than that 5%. Buy or sell means swapping to DUSD.
===Scheduling===
On defiscan.live you can find a countdown to the next future swap block via the link

https://defiscan.live/blocks/countdown/NextFutureSwap

In the desktop wallet you can check the next future swap block using the command '''getfutureswapblock'''
===Strategy===
With this measure the price of the dTokens can be hold in a +-5% corridor. In case of a higher premium or discount it can get arbitraged. For the case of a premium the following trade can be done
*Mint a dToken using a vault (take a loan)
*The collateralization ration gets calculated using the oracle price (real price without premium)
*Sell the minted dToken on the DEX (swap to DUSD)
*Because of the premium you get „too much“ DUSD
*Do a future swap using the received DUSD to buy the dToken back paying the oracle price (cheaper bacause it's without premium)
*When the future Swaps gets executed you will receive more dToken as you minted
*The loan (minted dToken) can be payed back and the additional dToken stay in the wallet as a profit
===Future Swap in the Light Wallet===
In the Light Wallet select the desired pool in the DEX tab. In the Swap menu you can switch from an instant swap to the future swap.[[File:LightWalletFutureSwap.jpg|thumb|Future Swap im light wallet]]
===Future Swap in the Desktop Wallet===
In the console view of the desktop wallet you can use the command '''futureswap'''.

Syntax:<syntaxhighlight lang="abap">
futureswap "address" "amount" ( "destination" [{"txid":"hex","vout":n},...] )
</syntaxhighlight>For example to swap 500 DUSD to Netflix token:<syntaxhighlight lang="abap">
futureswap "dVvPfdjhfdjhfjd32dPWZoNYno7uBUn1KyU" "500@DUSD" dNFLX)
</syntaxhighlight>Using the command '''getpendingfutureswaps''' you can check which future swaps have alread been set for a given address.<syntaxhighlight lang="abap">
getpendingfutureswaps "address"
</syntaxhighlight>

@@ Line 18: / Line 18: @@
 https://dstocks-defichain.web.app/
-On defichain alalytics you can also follow the premium over time in a chart
+On defichain analytics you can also follow the premium over time in a chart
 https://www.defichain-analytics.com/vaultsLoans?entry=premium

@@ Line 16: / Line 16: @@
 To quickly check for the current premium of the stock tokens you can use the dStocks Quickcheck page at
 https://dstocks-defichain.web.app/
 ===Strategy===
 With this measure the price of the dTokens can be hold in a +-5% corridor. In case of a higher premium or discount it can get arbitraged. For the case of a premium the following trade can be done

@@ Line 2: / Line 2: @@
 ===Background===
-after the introduction of the stock token they were traded with a premium. The prices on the DEX were higher than the prices from the oracle. To fight this premium (nut also a possible discount) the future swaps were introduced with  DFIP-2203-A.
+after the introduction of stock tokens, they were traded with a premium. The prices on the DEX were higher than the prices from the oracle. To fight this premium (but also a possible discount) the future swaps were introduced with  DFIP-2203-A.
 https://github.com/DeFiCh/dfips/issues/127
-This swap is executed once a week (every 7*2880 blocks). You can buy for + 5% of the oracle price or sell for -5% of the oracle price, even if the Price is higer/lower than that 5%. Buy or sell means swapping to DUSD.
+This swap is executed once a week (every 7*2880 blocks). You can buy for + 5% of the oracle price or sell for -5% of the oracle price, even if the Price is higher/lower than that 5%. Buy or sell means swapping to/from DUSD.
 ===Scheduling===
 On defiscan.live you can find a countdown to the next future swap block via the link
@@ Line 22: / Line 22: @@
 https://www.defichain-analytics.com/vaultsLoans?entry=premium
 ===Strategy===
-With this measure the price of the dTokens can be hold in a +-5% corridor. In case of a higher premium or discount it can get arbitraged. For the case of a premium the following trade can be done
+With this measure the price of the dTokens can be held in a +-5% corridor. In case of a higher premium or discount it can get arbitraged. For the case of a premium the following trade can be done
 *Mint a dToken using a vault (take a loan)
-*The collateralization ration gets calculated using the oracle price (real price without premium)
+*The collateralization ratio gets calculated using the oracle price (real price without premium)
 *Sell the minted dToken on the DEX (swap to DUSD)
-*Because of the premium you get „too much“ DUSD
+*Because of the premium, you get extra DUSD
-*Do a future swap using the received DUSD to buy the dToken back paying the oracle price (cheaper bacause it's without premium)
+*Do a future swap using the received DUSD to buy the dToken back paying the oracle price (cheaper because it's without premium)
-*When the future Swaps gets executed you will receive more dToken as you minted
+*When the future Swap gets executed you will receive more dToken than you minted
-*The loan (minted dToken) can be payed back and the additional dToken stay in the wallet as a profit
+*The loan (minted dToken) can be paid back and the additional dToken will stay in the wallet as a profit
 ===Future Swap in the Light Wallet===
 In the Light Wallet select the desired pool in the DEX tab. In the Swap menu you can switch from an instant swap to the future swap.[[File:LightWalletFutureSwap.jpg|thumb|Future Swap im light wallet]]

@@ Line 12: / Line 12: @@
 https://defiscan.live/blocks/countdown/NextFutureSwap
 In the desktop wallet you can check the next future swap block using the command '''getfutureswapblock'''
 ===Strategy===
 With this measure the price of the dTokens can be hold in a +-5% corridor. In case of a higher premium or discount it can get arbitraged. For the case of a premium the following trade can be done