PIZZA-USDE Monthly Report (July)

July 2, a minor patch was updated to fix issues on reward claiming. The patch allows users who encounter network roll back to reclaim their PIZZA rewards.

July 3, the system upgraded most of the system accounts to multisignature, which includes,

sharethepzza — collateral wallet

usdeliqdtcnt — liquidation contract

liqdtinterim — liquidation wallet

Starteos, HelloEOS and several core developers are responsible for the key management.

July 18, PIZZA system made its first major parameter adjustment.

In the adjustment, the system lowered the liquidation penalty from 10% of default collateral to 8% and raised liquidator bonus from 2% of default collateral to 4% ( making initial bid profit raised from 3% to 6%).

Added an extra part to the Collateralization Reward Mechanism.

original setup: reward ratio = EOS amount / total EOS amount

Updated setup: reward ratio = W1 * EOS amount / total EOS amount + W2 * USDE amount / total USDE amount

W1 and W2 are weighted ratios for EOS and USDE in the formula above.

It would be convenient to consider the W1 in the current setup is 100% and W2 is 0; however, in the updated version, W1 = 0, W2 = 100%.

July 20, PIZZA system started to connect with SlowMist FireWall.X, which provides 24/7 security coverage to smart contracts.

In July, AEX, BigONE, Hoo Exchange listed PIZZA token.

Decentralized exchange EOSDAQ listed both PIZZA/EOS and USDE/EOS trading pairs. BTEX listed PIZZA/EOS trading pairs. WhaleEX listed PIZZA/EOS trading pairs. Newdex listed EOS/USDE in its stablecoin section.

Website: https://pizza.live/

E-mail: team@pizza.live

Telegram: https://t.me/PizzaUSDE

Twitter: https://twitter.com/usdeos

Medium: https://medium.com/@PIZZA.USDE