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Currently, the Redeem token is the "Short option token". It's a critical piece of the system. It represents an option writer's claim to collateral/or strike assets if their written options were exercised. Right now, it's purely for accounting purposes. Originally, there was a mapping to track user's collateral deposits, but an ERC-20 does the same, so it was made into the Redeem token.
The Redeem is an ERC-20 with a mint and burn function that can only be called by its paired option contract. Since theres no other functionality... we are kind of wasting some potential there.
It would be good to explore functions which can be utilized solely in the context of the redeem token.
The text was updated successfully, but these errors were encountered:
Currently, the Redeem token is the "Short option token". It's a critical piece of the system. It represents an option writer's claim to collateral/or strike assets if their written options were exercised. Right now, it's purely for accounting purposes. Originally, there was a mapping to track user's collateral deposits, but an ERC-20 does the same, so it was made into the Redeem token.
The Redeem is an ERC-20 with a
mint
andburn
function that can only be called by its paired option contract. Since theres no other functionality... we are kind of wasting some potential there.It would be good to explore functions which can be utilized solely in the context of the redeem token.
The text was updated successfully, but these errors were encountered: