Token System
Two tokens, two jobs, one relationship.
- PILELiquid, freely traded
- WrapFee routes to the reserve engine
- vPILEClaim on the Stockpile
- BurnRedemption fee applied
| PILE | vPILE | |
|---|---|---|
| Role | Liquid, traded | Stockpile claim |
| Supply | Fixed at genesis | Elastic — minted by wrapping |
| Created by | Deployment | Wrapping |
| Destroyed by | Nothing | Unwrapping and redemption |
| Claim on Stockpile | None | Pro-rata |
| Intended collateral | No | Yes — Phase II |