ETH to PAYD

Swap – ETH to PAYD

Users can also use ETH to exchange for PAYD from the system. In this case, ETH that a user gives to the system is distributed to all the Caches. Since the Caches receive ETH, these Caches also have PAYD debt added onto their existing PAYD issued Debt. The Wallet user that does the Swap receives ETH to PAYD (at the prevailing ETH:USD rate, less E2P issuance fee, that is 0.5% and up) to their wallet.

Swap Fee Assumptions Tablet
Table: Swap Fee Assumptions

Wallet Holder #4 ETH Before and After Swap Table
Table: Wallet Holder #4 ETH Before and After Swap

Wallet #4 Swaps 3 ETH for PAYD. 

Wallet Holder #4 PAYD Before and After Swap Table
Table: Wallet Holder #4 PAYD Before and After Swap

Wallet #4 receives 7,500 PAYD (@ 2500 per ETH) less E2P issuance fees of 375. 

Note: E2P issuance fees is 0.5% and up.

Caches (ETH) in ETH to PAYD Swap, Before and After Swap

Caches (ETH) in ETH to PAYD Swap, Before and After Swap Table
Table: Caches (ETH) in ETH to PAYD Swap, Before and After Swap

ETC to PAYD swaps adds on ETH to all the Healthy Caches. In exchange for receiving ETH, each of these Cache’s positions also have PAYD added onto their existing Cache PAYD Issued debt.

E2P Swap before and After ETH added onto Existing Cache’s ETH position Chart
Chart: E2P Swap before and After ETH added onto Existing Cache’s ETH position

Caches (PAYD) in ETH to PAYD Swap, Before and After Swap

Caches (PAYD) in ETH to PAYD Swap, Before and After Swap Table
Table: Caches (PAYD) in ETH to PAYD Swap, Before and After Swap

PAYD debt is added onto each Cache’s PAYD Issued debt. 

Caches (PAYD)

E2P Swap before and After PAYD added onto Existing Cache’s PAYD position Chart
Chart: E2P Swap before and After PAYD added onto Existing Cache’s PAYD position

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