💚 There are two ways to get Dotflat flatcoins: you can either purchase them on a cryptocurrency exchange at the current market price or issue them yourself. In this post, we’ll go into more detail about the second option.
Issuing Dotflat flatcoins is quite simple — you just need to follow a few easy steps!
Dotflat’s reserve cryptocurrency will be Ethereum (ETH). So, the first step is to convert the amount you’re willing to use as collateral into ETH.
Next, you need to lock your ETH in a special smart contract. The smart contract will calculate the number of flatcoins you’ll receive based on the current exchange rate of Ethereum and the value of the Dotflat commodity basket. If you’re satisfied with the terms, you can confirm the transaction and become the proud owner of our flatcoins.
🥑 Deposite Return:
● You can retrieve your deposited cryptocurrency at any time. To do this, you need to return the flatcoins you issued, which means repaying the principal and paying the interest on the loan (the rate is 8% per annum).
All of this will be available on the official project website, which will be launching very soon!
Follow our social media channels to stay updated on the latest Dotflat project news!
Issuing Dotflat flatcoins is quite simple — you just need to follow a few easy steps!
Dotflat’s reserve cryptocurrency will be Ethereum (ETH). So, the first step is to convert the amount you’re willing to use as collateral into ETH.
Next, you need to lock your ETH in a special smart contract. The smart contract will calculate the number of flatcoins you’ll receive based on the current exchange rate of Ethereum and the value of the Dotflat commodity basket. If you’re satisfied with the terms, you can confirm the transaction and become the proud owner of our flatcoins.
🥑 Deposite Return:
● You can retrieve your deposited cryptocurrency at any time. To do this, you need to return the flatcoins you issued, which means repaying the principal and paying the interest on the loan (the rate is 8% per annum).
All of this will be available on the official project website, which will be launching very soon!
Follow our social media channels to stay updated on the latest Dotflat project news!
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🫑 Dotflat flatcoin is a fully backed coin whose value is pegged to a basket of commodities. Let's explore how it is structured and how the project's community can influence it.
A commodity basket is a collection of various goods, including minerals, agricultural raw materials, and food products. The value of the flatcoin is determined based on the aggregated prices of these commodities.
Currently, Dotflat's commodity basket includes 34 items. Among them are gold, silver, copper, oil, gas, coffee, grain, cotton, and more. The full list will soon be available on the project’s website. The products have been carefully selected to ensure the stability and resilience of the Flatcoin in the face of market fluctuations and inflation.
How is the basket formed?
Initially, our team of experts created the Dotflat basket based on available commodity quotes. We aimed to account for upcoming trends in the economic sphere. In the event of a significant price change in one of the commodities, such as due to seasonality or market fluctuations, the impact on Dotflat will be minimal thanks to the averaging across all commodities. The more items in the basket, the more stable it is and the less susceptible it is to price fluctuations. Our smart contract records the averaged value of all prices.
The key feature of our system is that the list of commodities is not static and can be adjusted by the holders of governance tokens. They will have the ability to influence the composition of the basket by voting on the addition, exclusion, or change in the "weight" of certain products. If a new commodity instrument emerges that should be added, or if one of the products loses its relevance, governance token holders will always be able to propose changes. This mechanism allows Dotflat to adapt at any time to changing global economic conditions and community preferences.
For more details on governance tokens, check out one of our previous posts!
The role of oracles
Oracles provide up-to-date data on the prices of commodities in the basket, and the system automatically recalculates the price of the Dotflat token, tying it to the real value of the commodities.
Benefits
The commodity basket is a tool that guarantees protection against inflation and economic fluctuations. While traditional currencies may lose their purchasing power, Dotflat maintains it by being tied to real, in-demand goods. This means that 50 years from now, you will be able to buy the same amount of coffee or oil with one flatcoin as you can today.
Dotflat offers a new perspective on stablecoins. Preserve and grow your wealth with us in the long term! ☘️
A commodity basket is a collection of various goods, including minerals, agricultural raw materials, and food products. The value of the flatcoin is determined based on the aggregated prices of these commodities.
Currently, Dotflat's commodity basket includes 34 items. Among them are gold, silver, copper, oil, gas, coffee, grain, cotton, and more. The full list will soon be available on the project’s website. The products have been carefully selected to ensure the stability and resilience of the Flatcoin in the face of market fluctuations and inflation.
How is the basket formed?
Initially, our team of experts created the Dotflat basket based on available commodity quotes. We aimed to account for upcoming trends in the economic sphere. In the event of a significant price change in one of the commodities, such as due to seasonality or market fluctuations, the impact on Dotflat will be minimal thanks to the averaging across all commodities. The more items in the basket, the more stable it is and the less susceptible it is to price fluctuations. Our smart contract records the averaged value of all prices.
The key feature of our system is that the list of commodities is not static and can be adjusted by the holders of governance tokens. They will have the ability to influence the composition of the basket by voting on the addition, exclusion, or change in the "weight" of certain products. If a new commodity instrument emerges that should be added, or if one of the products loses its relevance, governance token holders will always be able to propose changes. This mechanism allows Dotflat to adapt at any time to changing global economic conditions and community preferences.
For more details on governance tokens, check out one of our previous posts!
The role of oracles
Oracles provide up-to-date data on the prices of commodities in the basket, and the system automatically recalculates the price of the Dotflat token, tying it to the real value of the commodities.
Benefits
The commodity basket is a tool that guarantees protection against inflation and economic fluctuations. While traditional currencies may lose their purchasing power, Dotflat maintains it by being tied to real, in-demand goods. This means that 50 years from now, you will be able to buy the same amount of coffee or oil with one flatcoin as you can today.
Dotflat offers a new perspective on stablecoins. Preserve and grow your wealth with us in the long term! ☘️
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Today, we're going to cover how the Dotflat credit issuance system works, which allows users to issue flatcoins against the reserve cryptocurrency ▪️
Issuing flatcoins:
You need to provide the reserve cryptocurrency, ether (ETH), as collateral. The amount must be sufficient to secure the issuance of Flatcoins. The initial price of our coin is 1 USD per piece, but this value may change in the future as its exchange rate is linked to the commodity basket. The number of flatcoins to be issued is calculated based on the current price of the flatcoin. For example, if the pledge is 10,000 USD in ethers, given a 30% discount, you will be able to issue 7,000 USD worth of flatcoins. Once the collateral is provided, the smart contract will automatically issue the flatcoins.
If the ether exchange rate goes up:
You get additional opportunities. Imagine the ether exchange rate has increased, and with it the amount of your pledge has increased, for example, from 10,000 USD to 12,000 USD. In this case you can:
● Increase the issue of flatcoins in proportion to the increase in the amount of your pledge
● Return part of the ether while maintaining sufficient collateral for the previously issued flatcoins
If the ether exchange rate falls:
You don't need to worry because the system takes into account possible price fluctuations and uses a discount of 30% to protect against risks. In case the discount does not cover the difference, the system triggers special mechanisms.
Let's say that the amount of your deposit in ethers has decreased from 10 000 USD to 6 000 USD. Then you will receive a notification and will be offered two solutions:
● Increasing your pledge. You need to add ethers to maintain the collateral of the issued flatcoins
● Reducing the issue. You can return some of the issued flatcoins so that the pledge amount covers the collateral of the remaining ones
It is important to remember that you have 24 hours to make a decision. If you fail to act, the system will automatically initiate the sale of your collateral via auction to cover the debt. The proceeds will be deducted from the user-issued flatcoins, as well as interest on the loan and a 13% margin call (loan liquidation) penalty.
Dotflat is an instrument that guarantees stability and reliability in a changing market. Your flatcoins will always be secured, regardless of fluctuations in cryptocurrency or commodity prices.
Join us and be confident in your future! 🍀
Issuing flatcoins:
You need to provide the reserve cryptocurrency, ether (ETH), as collateral. The amount must be sufficient to secure the issuance of Flatcoins. The initial price of our coin is 1 USD per piece, but this value may change in the future as its exchange rate is linked to the commodity basket. The number of flatcoins to be issued is calculated based on the current price of the flatcoin. For example, if the pledge is 10,000 USD in ethers, given a 30% discount, you will be able to issue 7,000 USD worth of flatcoins. Once the collateral is provided, the smart contract will automatically issue the flatcoins.
If the ether exchange rate goes up:
You get additional opportunities. Imagine the ether exchange rate has increased, and with it the amount of your pledge has increased, for example, from 10,000 USD to 12,000 USD. In this case you can:
● Increase the issue of flatcoins in proportion to the increase in the amount of your pledge
● Return part of the ether while maintaining sufficient collateral for the previously issued flatcoins
If the ether exchange rate falls:
You don't need to worry because the system takes into account possible price fluctuations and uses a discount of 30% to protect against risks. In case the discount does not cover the difference, the system triggers special mechanisms.
Let's say that the amount of your deposit in ethers has decreased from 10 000 USD to 6 000 USD. Then you will receive a notification and will be offered two solutions:
● Increasing your pledge. You need to add ethers to maintain the collateral of the issued flatcoins
● Reducing the issue. You can return some of the issued flatcoins so that the pledge amount covers the collateral of the remaining ones
It is important to remember that you have 24 hours to make a decision. If you fail to act, the system will automatically initiate the sale of your collateral via auction to cover the debt. The proceeds will be deducted from the user-issued flatcoins, as well as interest on the loan and a 13% margin call (loan liquidation) penalty.
Dotflat is an instrument that guarantees stability and reliability in a changing market. Your flatcoins will always be secured, regardless of fluctuations in cryptocurrency or commodity prices.
Join us and be confident in your future! 🍀
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What is more profitable: buying Dotflat on the secondary market or issuing it yourself?
In previous posts, we’ve mentioned that you can either issue Dotflat yourself or purchase it on the secondary market. Let's take a closer look at which option is more beneficial depending on the situation.
▪️ When is it better to buy on the secondary market?
If you're considering Dotflat as a long-term investment, purchasing flatcoins on the secondary market is the most practical decision. You can acquire them without complex operations or risks.
For traders, buying flatcoins on the secondary market can be advantageous if they are trading below the indicative price. In this case, it would be profitable to hold the flatcoins until their market value returns to or exceeds the indicative price. On the secondary market, flatcoins can be priced either higher or lower than the indicative price, which reflects their true value. If they're priced lower, buying flatcoins on the market becomes a better strategy — you can hold them until the price returns to the indicative level.
It's important to note that all flatcoins are backed by collateral, regardless of who provided it. Risks are minimal. If the collateral is reclaimed by its owner, your flatcoins will be secured by another holder.
▪️ When is it better to issue them yourself?
Issuing flatcoins yourself is beneficial if you're confident in the growth of ether, the reserve currency of Dotflat. Here's how it works: you issue Dotflat and use ether as collateral. As the price of ether rises, the value of your collateral increases. Then, you can either issue more flatcoins or withdraw part of your collateral while maintaining enough to cover the already issued flatcoins.
For traders, issuing flatcoins becomes relevant when they are trading above the indicative price on the secondary market. In this scenario, you could sell them at a profit. If you later decide to reclaim your collateral, you can do so without issues.
Since Dotflat tokens are interchangeable, you can buy flatcoins on the secondary market and use them to repay your loan. We’ll explain more about how Dotflat collateral works and why you don’t need to worry about the sufficiency of backing for already issued flatcoins in upcoming posts.
Stay tuned for updates and don’t miss the chance to become a proud owner of Dotflat!⭐️
In previous posts, we’ve mentioned that you can either issue Dotflat yourself or purchase it on the secondary market. Let's take a closer look at which option is more beneficial depending on the situation.
If you're considering Dotflat as a long-term investment, purchasing flatcoins on the secondary market is the most practical decision. You can acquire them without complex operations or risks.
For traders, buying flatcoins on the secondary market can be advantageous if they are trading below the indicative price. In this case, it would be profitable to hold the flatcoins until their market value returns to or exceeds the indicative price. On the secondary market, flatcoins can be priced either higher or lower than the indicative price, which reflects their true value. If they're priced lower, buying flatcoins on the market becomes a better strategy — you can hold them until the price returns to the indicative level.
It's important to note that all flatcoins are backed by collateral, regardless of who provided it. Risks are minimal. If the collateral is reclaimed by its owner, your flatcoins will be secured by another holder.
Issuing flatcoins yourself is beneficial if you're confident in the growth of ether, the reserve currency of Dotflat. Here's how it works: you issue Dotflat and use ether as collateral. As the price of ether rises, the value of your collateral increases. Then, you can either issue more flatcoins or withdraw part of your collateral while maintaining enough to cover the already issued flatcoins.
For traders, issuing flatcoins becomes relevant when they are trading above the indicative price on the secondary market. In this scenario, you could sell them at a profit. If you later decide to reclaim your collateral, you can do so without issues.
Since Dotflat tokens are interchangeable, you can buy flatcoins on the secondary market and use them to repay your loan. We’ll explain more about how Dotflat collateral works and why you don’t need to worry about the sufficiency of backing for already issued flatcoins in upcoming posts.
Stay tuned for updates and don’t miss the chance to become a proud owner of Dotflat!
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When you buy Dotflat flatcoins, you can be confident in their stability and reliability. Each issued coin is always backed by liquid collateral — this is the foundation of our system. Today, we explain how Dotflat's collateral works ⭐️
Flatcoins cannot exist without collateral
Each flatcoin is backed by collateral in the form of reserve cryptocurrency — Ether. This is not just a recommendation; it's a mandatory condition. Without sufficient collateral, the issuance of flatcoins is impossible. Since collateral is accepted at a discount (30% off the current market value of Ether), flatcoins are always over-collateralized with Ether.
The responsibility for maintaining collateral lies with the borrower
When you borrow and thus issue new flatcoins through a smart contract, you must ensure that the collateral remains at an adequate level. If the value of the collateral decreases, you must promptly replenish it. This guarantees that flatcoins will remain backed regardless of the situation.
Flatcoin buyers don't need to worry about collateral
If you bought flatcoins on the secondary market, meaning you have no access to the collateral, you don't need to worry about it. Yes, the borrower still has access to the collateral and is responsible for its adequacy, but that doesn’t mean you face any additional risks. The scenario where the borrower withdraws their collateral while your flatcoins remain unsecured is technically impossible. To withdraw their collateral, the borrower must return the issued flatcoins to the system, which they can acquire on the secondary market, meaning someone is providing collateral for them.
Collateral always has an owner
If the value of the Ether collateral falls to a critical level, the system initiates an auction and sells it at a discount below market value. A buyer who agrees to these terms acquires the collateral Ether at a favorable price, paying for it with flatcoins, which they issue against the collateral themselves or purchase on the secondary market. This system allows for the preservation and control of the collateral for already issued flatcoins.
Dotflat flatcoins will never turn into pumpkins because the system monitors the sufficiency of the collateral for the coins. Join us and be confident in your future!▪️
Flatcoins cannot exist without collateral
Each flatcoin is backed by collateral in the form of reserve cryptocurrency — Ether. This is not just a recommendation; it's a mandatory condition. Without sufficient collateral, the issuance of flatcoins is impossible. Since collateral is accepted at a discount (30% off the current market value of Ether), flatcoins are always over-collateralized with Ether.
The responsibility for maintaining collateral lies with the borrower
When you borrow and thus issue new flatcoins through a smart contract, you must ensure that the collateral remains at an adequate level. If the value of the collateral decreases, you must promptly replenish it. This guarantees that flatcoins will remain backed regardless of the situation.
Flatcoin buyers don't need to worry about collateral
If you bought flatcoins on the secondary market, meaning you have no access to the collateral, you don't need to worry about it. Yes, the borrower still has access to the collateral and is responsible for its adequacy, but that doesn’t mean you face any additional risks. The scenario where the borrower withdraws their collateral while your flatcoins remain unsecured is technically impossible. To withdraw their collateral, the borrower must return the issued flatcoins to the system, which they can acquire on the secondary market, meaning someone is providing collateral for them.
Collateral always has an owner
If the value of the Ether collateral falls to a critical level, the system initiates an auction and sells it at a discount below market value. A buyer who agrees to these terms acquires the collateral Ether at a favorable price, paying for it with flatcoins, which they issue against the collateral themselves or purchase on the secondary market. This system allows for the preservation and control of the collateral for already issued flatcoins.
Dotflat flatcoins will never turn into pumpkins because the system monitors the sufficiency of the collateral for the coins. Join us and be confident in your future!
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Have you ever wondered why Ether was chosen as the reserve currency for our Dotflat flatcoins? Let’s break it down 🚨
Ether — a guarantee of stability
Ether is one of the largest and most widely used cryptocurrencies in the world. Its two main advantages are high market capitalization and liquidity. In practice, this means it can be sold quickly without significant loss of value.
Flatcoins are primarily about stability. That’s why we chose Ether as the collateral. High volatility, meaning frequent price fluctuations of the reserve cryptocurrency, can lead to the need for urgent collateral liquidation, even with a 30% discount. In such situations, it's crucial that the collateral is liquid and can be sold quickly. Agree, there will be plenty of buyers willing to purchase Ether below market price, which will help cover the issuance made under a loan position.
Smart contracts — the foundation of Dotflat
Another key factor is the ability to run smart contracts on the Ethereum blockchain. Smart contracts are one of the core elements of the Dotflat system. Together with oracles that track price data, they automate all processes. Funds are locked in smart contracts, and interest is deducted automatically, creating an equivalent to a bank loan backed by collateral.
More reserve currencies, more opportunities
Flatcoins backed by Ether create a solid foundation, but this is just the beginning. In the future, we plan to expand the list of reserve cryptocurrencies, offering users even more options. We have two key criteria for selecting a cryptocurrency. First, the blockchain must support smart contracts (EVM), with examples like Binance Smart Chain and Polygon. Second, the cryptocurrency should have high scalability and stability.
We will carefully select other reserve cryptocurrencies, excluding tokens without real backing, as user security is always our priority.
Follow our social media to stay updated on all the important news from the project. And remember, Dotflat flatcoins are the future of money!⭐️
Ether — a guarantee of stability
Ether is one of the largest and most widely used cryptocurrencies in the world. Its two main advantages are high market capitalization and liquidity. In practice, this means it can be sold quickly without significant loss of value.
Flatcoins are primarily about stability. That’s why we chose Ether as the collateral. High volatility, meaning frequent price fluctuations of the reserve cryptocurrency, can lead to the need for urgent collateral liquidation, even with a 30% discount. In such situations, it's crucial that the collateral is liquid and can be sold quickly. Agree, there will be plenty of buyers willing to purchase Ether below market price, which will help cover the issuance made under a loan position.
Smart contracts — the foundation of Dotflat
Another key factor is the ability to run smart contracts on the Ethereum blockchain. Smart contracts are one of the core elements of the Dotflat system. Together with oracles that track price data, they automate all processes. Funds are locked in smart contracts, and interest is deducted automatically, creating an equivalent to a bank loan backed by collateral.
More reserve currencies, more opportunities
Flatcoins backed by Ether create a solid foundation, but this is just the beginning. In the future, we plan to expand the list of reserve cryptocurrencies, offering users even more options. We have two key criteria for selecting a cryptocurrency. First, the blockchain must support smart contracts (EVM), with examples like Binance Smart Chain and Polygon. Second, the cryptocurrency should have high scalability and stability.
We will carefully select other reserve cryptocurrencies, excluding tokens without real backing, as user security is always our priority.
Follow our social media to stay updated on all the important news from the project. And remember, Dotflat flatcoins are the future of money!
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With our staking program, you can earn on your flatcoins without any limitations. Today, we will tell you more about the advantages and features of the system ▪️
No Limits
You don’t have to worry about minimum or maximum amounts: you can start with as little as 0.000001 Dotflat. The lack of restrictions makes our program accessible to everyone, regardless of the size of the investment.
Interest Rate
Currently, the interest rate is 8% annually. This rate is fixed, and rewards are credited with each new block on the network, which appears approximately every 20 seconds.
It’s important to note that the program's terms, including the interest rate, can only be changed through a vote by Dotflat governance token holders. If the holders decide to lower the interest rate, deposits made before the change will continue to earn at the old rate for 91 days from the time of deposit.
Transparency and Freedom
The staking program has no time restrictions — a special smart contract on the Ethereum network operates indefinitely. You decide how long to stake your flatcoins, whether for one block or a longer period. It doesn't matter if you bought your flatcoins on the secondary market or minted them yourself.
Since staking is perpetual, like an on-demand deposit, you can withdraw your funds at any time and receive the accrued interest.
The staking functionality will be available on our website very soon, coinciding with the project launch.
Join the Dotflat staking program and earn with every new block! 🍀
No Limits
You don’t have to worry about minimum or maximum amounts: you can start with as little as 0.000001 Dotflat. The lack of restrictions makes our program accessible to everyone, regardless of the size of the investment.
Interest Rate
Currently, the interest rate is 8% annually. This rate is fixed, and rewards are credited with each new block on the network, which appears approximately every 20 seconds.
It’s important to note that the program's terms, including the interest rate, can only be changed through a vote by Dotflat governance token holders. If the holders decide to lower the interest rate, deposits made before the change will continue to earn at the old rate for 91 days from the time of deposit.
Transparency and Freedom
The staking program has no time restrictions — a special smart contract on the Ethereum network operates indefinitely. You decide how long to stake your flatcoins, whether for one block or a longer period. It doesn't matter if you bought your flatcoins on the secondary market or minted them yourself.
Since staking is perpetual, like an on-demand deposit, you can withdraw your funds at any time and receive the accrued interest.
The staking functionality will be available on our website very soon, coinciding with the project launch.
Join the Dotflat staking program and earn with every new block! 🍀
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In our system, the stabilization fund is one of the main elements. It constitutes 5% of the total Dotflat issuance and is placed in a smart contract called CDP (Collateralized Debt Position), which is also used for issuing flatcoins.
Users can check the status of the fund at any time through the smart contract or on the project’s website.
▪️ The stabilization fund is replenished through three mechanisms:
1. Retaining interest from the credit issuance of flatcoins (interest rate — 9% annually).
2. Penalties for margin calls (13%).
A margin call is a demand to deposit additional funds to maintain the collateral level. The owner of flatcoins receives such a demand if the value of the collateralized Ether falls below a set level.
3. Additional issuance of management tokens (RLE) through auctions.
RLE are management tokens of Dotflat, granting holders the right to participate in votes regarding changes to key system parameters, such as smart contract addresses and the composition of the product basket, as well as to receive income from the project's profits.
▪️ What happens when the fund is overfilled?
If the system operates stably and loan interest is paid evenly, the stabilization fund is constantly replenished. This occurs, in part, because the interest rate on the credit issuance of flatcoins is 9% annually, while the staking rate, analogous to a deposit in the crypto market, is 8% annually.
If the funds in the stabilization fund exceed 5% of the total issuance volume, the system can direct the excess toward the buyback of RLE tokens through an auction at the request of users. For example, if the fund contains 600 flatcoins against a norm of 500, the system will initiate the sale of 100 flatcoins through an auction, using the proceeds to buy RLE tokens. The purchased tokens can be burned at the request of any user according to the terms of the smart contract. This helps maintain the balance of the system and increases the value of management tokens.
▪️ If there are insufficient funds in the fund:
A lack of funds in the stabilization fund is typically associated with the fact that interest payments on loans for using flatcoins have not yet arrived, while staking payouts have already been requested by stakers. There can also be situations involving margin calls where borrowers cannot meet their obligations. For example, if the collateralized Ether is sold at auction for an amount lower than the debt, the shortfall is covered by the stabilization fund. If the fund still lacks sufficient funds, additional issuance of RLE tokens is activated.
The Dotflat stabilization fund is more than just a mechanism; it is a guarantee of the stability and security of our system.
Join the project and stay updated with our news. New opportunities await you!⭐️
Users can check the status of the fund at any time through the smart contract or on the project’s website.
1. Retaining interest from the credit issuance of flatcoins (interest rate — 9% annually).
2. Penalties for margin calls (13%).
A margin call is a demand to deposit additional funds to maintain the collateral level. The owner of flatcoins receives such a demand if the value of the collateralized Ether falls below a set level.
3. Additional issuance of management tokens (RLE) through auctions.
RLE are management tokens of Dotflat, granting holders the right to participate in votes regarding changes to key system parameters, such as smart contract addresses and the composition of the product basket, as well as to receive income from the project's profits.
If the system operates stably and loan interest is paid evenly, the stabilization fund is constantly replenished. This occurs, in part, because the interest rate on the credit issuance of flatcoins is 9% annually, while the staking rate, analogous to a deposit in the crypto market, is 8% annually.
If the funds in the stabilization fund exceed 5% of the total issuance volume, the system can direct the excess toward the buyback of RLE tokens through an auction at the request of users. For example, if the fund contains 600 flatcoins against a norm of 500, the system will initiate the sale of 100 flatcoins through an auction, using the proceeds to buy RLE tokens. The purchased tokens can be burned at the request of any user according to the terms of the smart contract. This helps maintain the balance of the system and increases the value of management tokens.
A lack of funds in the stabilization fund is typically associated with the fact that interest payments on loans for using flatcoins have not yet arrived, while staking payouts have already been requested by stakers. There can also be situations involving margin calls where borrowers cannot meet their obligations. For example, if the collateralized Ether is sold at auction for an amount lower than the debt, the shortfall is covered by the stabilization fund. If the fund still lacks sufficient funds, additional issuance of RLE tokens is activated.
The Dotflat stabilization fund is more than just a mechanism; it is a guarantee of the stability and security of our system.
Join the project and stay updated with our news. New opportunities await you!
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How CDP works in Dotflat
To issue flatcoins through credit issuance, the user provides collateral in cryptocurrency tied to the value of a commodity basket and ETH/USD, after which flatcoins are issued. However, the coins are not issued for the full collateral amount but with a 30% deduction. This approach helps reduce the risks of ETH (Ether) price fluctuations and ensures system stability.
When the price of Ether rises, the collateral value increases as well. This opens up additional opportunities. You can either increase the number of issued flatcoins proportionally to the collateral growth or return part of the Ether while maintaining sufficient coverage for the previously issued coins.
If the price of Ether falls, the system, considering the 30% discount, offers two options: increase the collateral or reduce the number of issued flatcoins. You have 24 hours to make a decision, after which the collateral is automatically sold through an auction to cover the debt.
The CDP mechanism alone is not enough, so the flatcoins in our system are also tied to a basket of commodities. This structure protects the Dotflat price from inflationary fluctuations and helps maintain its stability.
Join Dotflat and be confident in your future. Stay updated and don't miss out on opportunities!
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The auction is an important mechanism within the Dotflat system, managed by a dedicated smart contract. It operates under three main scenarios: collateral liquidation, RLE token buyback, and issuance of new tokens to replenish the stabilization fund. Let’s go over each scenario in detail.
Collateral Sale
When the value of Ethereum decreases, the system requires flatcoin holders to increase their collateral. Users have 24 hours to restore the balance. If this condition is not met, the collateral is automatically sold through an auction to cover the debt.
▪️ How it works:
The auction can be initiated automatically by a bot or manually. All flatcoin holders can place bids, offering a price for the collateral. The auction uses an ascending format, where each new bid must be at least 5% higher than the previous one.
A bot will be available to place initial bids, taking into account the market value of Dotflat flatcoins. Since the bot is open-source, users can adapt it for their needs and actively participate in auctions. More details about the bot will be shared in an upcoming post.
RLE Token Buyback
If there is an excess of funds in the stabilization fund, the system holds an auction to repurchase and burn governance tokens (RLE), helping to maintain flatcoin price stability. This auction is open to RLE token holders.
▪️ How it works:
Participants offer the number of RLE tokens they are willing to sell for a fixed amount of flatcoins. The bid with the highest number of tokens offered wins.
Replenishment of the stabilization fund
When the stabilization fund has insufficient resources, the system calculates the necessary amount in flatcoins and issues new RLE tokens. A descending auction is then held, where flatcoin holders bid on how many tokens they are ready to purchase for the determined amount. The lowest bid wins.
▪️ Regulation of the process:
● Each auction step lasts 15 minutes. If no new bids are made within this period, the auction concludes.
● The minimum bid increment is 5%.
● Parameters such as duration and bid increments can be adjusted through user voting.
Auction participation functionality is partially available on our website. Users can also engage in auctions directly via blockchain explorers or customized bots.
Stay connected with us on social media to keep up with all the latest updates and opportunities!⭐️
Collateral Sale
When the value of Ethereum decreases, the system requires flatcoin holders to increase their collateral. Users have 24 hours to restore the balance. If this condition is not met, the collateral is automatically sold through an auction to cover the debt.
The auction can be initiated automatically by a bot or manually. All flatcoin holders can place bids, offering a price for the collateral. The auction uses an ascending format, where each new bid must be at least 5% higher than the previous one.
A bot will be available to place initial bids, taking into account the market value of Dotflat flatcoins. Since the bot is open-source, users can adapt it for their needs and actively participate in auctions. More details about the bot will be shared in an upcoming post.
RLE Token Buyback
If there is an excess of funds in the stabilization fund, the system holds an auction to repurchase and burn governance tokens (RLE), helping to maintain flatcoin price stability. This auction is open to RLE token holders.
Participants offer the number of RLE tokens they are willing to sell for a fixed amount of flatcoins. The bid with the highest number of tokens offered wins.
Replenishment of the stabilization fund
When the stabilization fund has insufficient resources, the system calculates the necessary amount in flatcoins and issues new RLE tokens. A descending auction is then held, where flatcoin holders bid on how many tokens they are ready to purchase for the determined amount. The lowest bid wins.
● Each auction step lasts 15 minutes. If no new bids are made within this period, the auction concludes.
● The minimum bid increment is 5%.
● Parameters such as duration and bid increments can be adjusted through user voting.
Auction participation functionality is partially available on our website. Users can also engage in auctions directly via blockchain explorers or customized bots.
Stay connected with us on social media to keep up with all the latest updates and opportunities!
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🎄 Dear friends!
The year 2024 has been a milestone for the Dotflat team. We successfully initiated the Dotflat project and achieved significant progress in its development.
🔘 Deployed and tested smart contracts on the Ethereum test network and are now preparing to migrate the system to the mainnet.
🔘 Published the Dotflat Light Paper and completed the main stage of work on the White Paper.
🔘 Launched the project's social media accounts, where we regularly shared updates about various aspects of the Dotflat system.
🔘 Actively worked on the project's website.
▪️ The upcoming year promises to be just as dynamic and productive. We sincerely thank you for your support and trust, which continue to inspire us to move forward. May this holiday season bring you warmth, joy, and nothing but positive emotions.
Merry Christmas and Happy Holidays! ✨
#Dotflat #Flatcoins
The year 2024 has been a milestone for the Dotflat team. We successfully initiated the Dotflat project and achieved significant progress in its development.
Merry Christmas and Happy Holidays! ✨
#Dotflat #Flatcoins
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🎄 Happy New Year!
Dear friends,
may this year bring you inspiration, prosperity, and new heights!
Let these festive days fill your hearts with warmth and joy, and may the new year open doors to great opportunities and achievements! ✨
Thank you for staying with us!
With best wishes,
The Cellframe Team
#Dotflat #Flatcoins
Dear friends,
may this year bring you inspiration, prosperity, and new heights!
Let these festive days fill your hearts with warmth and joy, and may the new year open doors to great opportunities and achievements! ✨
Thank you for staying with us!
With best wishes,
The Cellframe Team
#Dotflat #Flatcoins
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Discover what Dotflat is all about, how auctions and oracles work, and much more. Concise, convenient, and straight to the point — swipe through to learn more!
#dotflat_instructions
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