Document the v1 coverage pool #52
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This document describes how v2 of coverage pools will work. For v1, we are going to provide another document describing the first release.
pdyraga
requested review from
dougvk,
Battenfield,
michalsmiarowski and
r-czajkowski
The mechanism previously proposed has two flaws. First, it is hard to implement and requires a lot of additional bookkeeping in the contract given that multiple auctions can be open at the same time and all of them can generate a surplus. Secondly, it might happen that the auction gets opened for 0.0001 TBTC because the rest was filled by the surplus. In this scenario, the auction value is much lower than the minimum tBTC lot size and the auction length set by the governance could make not sense.
tomaszslabon
approved these changes
May 20, 2021
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This document describes the v1, single-asset version of a coverage pool:
v2 of a coverage pool includes multi-asset coverage and rewards and is covered in v2 documentation.
Existing documentation for v2 has been moved to
docs-v2/design.adocand this is also where the work from #2 will eventually land.