Stability Pools
Opening a Stability Pool account
In this section, you will learn how to open a Stability Pool account, via the web application.
Opening a Stability Pool account has risks.
As CDP liquidation occurs, some of your deposited iAssets will be burned. In exchange, you will receive a pro-rata share of ADA collateral from each liquidated CDP, which will be claimed as rewards automatically.
Summary
Opening a Stability Pool account corresponds to depositing iAssets in a Stability Pool for the first time.
Opening a Stability Pool account incurs a 5 ADA fee that will be redistributed to Stability Pool providers.
Detail
1. From the Stability Pool page, click on the Open Account button.
2. Input the amount of iAsset you wish to deposit or click on one of the button below to pre-fill the input field based on the iAsset balance of the connected wallet.
3. Tick the checkbox, and click on the Open Account button. You will be prompted to sign the transaction. Once the transaction is validated on the blockchain, your iAssets will be deposited into the Stability Pool.
Depositing iAssets
In this section, you will learn how to deposit iAssets into a Stability Pool, via the web application.
Depositing iAssets in a Stability Pool has risks.
As CDP liquidation occurs, some of your deposited iAssets will be burned. In exchange, you will receive a pro-rata share of ADA collateral from each liquidated CDP, which will be claimed as rewards automatically.
Summary
Depositing iAssets to an existing Stability Pool incurs several fees listed below.
A Stability Pool account adjustment fee of 1 ADA that will be redistributed to all Stability Pool providers.
A 2% protocol fee taken from the total amount of ADA rewards you are owed (corresponding to your pro-rata share of seized collateral from liquidated CDPs), which will be redistributed to INDY stakers.
Detail
1. From the Stability Pool page, click on the Manage button.
2. Input the amount of iAsset you wish to deposit or click on one of the button below to pre-fill the input field based on the iAsset balance of the connected wallet.
The ADA collateral seized from liquidated CDPs that you are owed will be automatically sent to your wallet.
The amount you are owed depends on how many shares of the Stability Pool you own (i.e.: how many iAssets you have deposited versus how many total iAssets are in the Stability Pool).
3. Tick the checkbox, and click on the Deposit button. You will be prompted to sign the transaction. Once the transaction is validated on the blockchain, your iAssets will be deposited into the Stability Pool.
Withdrawing iAssets
In this section, you will learn how to withdraw iAssets from a Stability Pool, via the web application.
Seeing fewer iAssets than originally deposited?
As CDP liquidation occurs, some of your deposited iAssets will be burned. In exchange, you will receive a pro-rata share of ADA collateral from each liquidated CDP.
Summary
There could be 2 scenarios when withdrawing iAssets in a Stability Pool:
Scenario A: Partial withdrawal of iAssets
Scenario B: Total withdrawal of iAssets (corresponds to closing your Stability Pool account)
The partial withdrawal of iAssets incurs several fees listed below.
A Stability Pool account adjustment fee of 1 ADA that will be redistributed to all Stability Pool providers.
A 2% protocol fee taken from the total amount of ADA rewards you are owed (corresponding to your pro-rata share of seized collateral from liquidated CDPs), which will be redistributed to INDY stakers.
Detail - Scenario A
1. From the Stability Pool page, click on the Manage button.
2. Input the amount of iAsset you wish to withdraw or click on one of the button below to pre-fill the input field based on the amount of iAssets you have deposited in the Stability Pool.
3. Tick the checkbox, and click on the Withdraw button. You will be prompted to sign the transaction. Once the transaction is validated on the blockchain, your iAssets will be sent to your wallet.
Detail - Scenario B
1. From the Stability Pool page, click on the Manage button.
2. Input the total amount of iAssets you currently have in the Stability Pool or click on the 100% button below to automatically fill the input field.
3. Tick the checkbox, and click on the Close Account button. You will be prompted to sign the transaction. Once the transaction is validated on the blockchain, the iAssets will be sent to your wallet.
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