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Oracle Buyback

📣Please notice that to ensure the stability of the ecosystem, we have implemented an Oracle to Buyback DBS.

How the oracle works:
  1. 1.
    All DBS payment from users (Mint Angels, Spaceships, Add contract Crews, Dismantle fee) will be splited into 70% goes to Reward Wallet and 30% go to Buyback Wallet.
  1. 1.
    DBS in Buyback Wallet will be converted into BUSD and accumulated into Buyback fund.
  2. 2.
    When DBS price drops more than 10% in 24 hours, the Buyback Fund will use BUSD to buy DBS until it returns to 24-hour price.
  3. 3.
    If DBS price surges 10% in 24 hours, the Buyback Fund will convert DBS bought before to increase the number of BUSD in fund
🔻This Oracle Buyback is like an automatic trading system which will maintain the stability of DBS price and also protect new users who come later. The BUSD in Buyback fund will increase overtime due to smart buyback like trading.