Reweight

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Reweight

Reweights are used to return the Pancake spot price of the $KEY-$HERO pair back to 1.
The algorithm is as follows:
1.withdraw 99% of the $KEY and $HERO from pancake LP pool. 
2.execute a trade with held $KEY to bring the spot price back up to 1 
3.Mint needed $KEY so the LP pool will hold 1 million $KEY. 
4.deposit $KEY and $HERO so the LP pool has 1 million $KEY and 1 million HERO (roughly).
5.Burn the excessive $HERO.
Only 99% is withdrawn because if there are no other LPs there could be rounding errors

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Last modified 10mo ago

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