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update readme
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JonahGroendal committed Sep 30, 2022
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Expand Up @@ -26,7 +26,7 @@ The symbol for the synthetic asset representing the protection buyer pool is its

For example,
ETH/USD hedge token:       USDᵉᵗʰ, or Ether-collateralized synthetic USD
ETH/USD leverage token:  xETHᵘˢᵈ, or leveraged Ether (USD)
ETH/USD leverage token:  ETHUSD, or leveraged Ether (USD)

## How It Works
The core of the system is the Swap contract. It works similarly to an equity swap in traditional finance, where cashflows are exchanged between two parties based on the performance of a reference asset and a floating interest rate. But rather than the two counterparties being individual companies or people, they're represented as two stake pools, each with its own token.
Expand Down Expand Up @@ -87,15 +87,15 @@ The synthetic assets created in one swap can be used as the reference equity/und

### Shorting
E.g. use the USDᵉᵗʰ from the ETH/USD swap to create a USDᵉᵗʰ/ETH swap
Creates ETHᵘˢᵈ (USDᵉᵗʰ-collateralized synthetic ETH) and xUSDᵉᵗʰ (Shorted ETH (USD))
Creates ETHᵘˢᵈ (USDᵉᵗʰ-collateralized synthetic ETH) and USDETH (Shorted ETH (USD))

ETH -> xETHᵘˢᵈ
ETH -> ETHUSD
              USDᵉᵗʰ -> ETHᵘˢᵈ
                             xUSDᵉᵗʰ
                             USDETH

### Squaring
E.g. use the xETHᵘˢᵈ created from the ETH/USD swap to create a xETHᵘˢᵈ/USD swap
Creates USDˣᵉᵗʰ and xETH²ᵘˢᵈ
E.g. use the ETHUSD created from the ETH/USD swap to create a ETHUSD/USD swap
Creates USDᵉᵗʰᵘˢᵈ and ETHUSD²
Gives more leverage

### Multi-Collateral Stablecoin
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