Treasury Contract

The treasury contract is a simple vault that holds all funds collected by the protocol. For example, if a user purchases a USDT bond, the USDT is fully received by the treasury in exchange for an equivalent amount of ORI. New ORI is minted based on the treasury's risk-free assets (RFV). (The RFV will be detailed in the Bond Contract section.)

Total Treasury Assets:

The total value of various assets entering the treasury through bond sales, including USDT, ORI-USDT LP, etc.

Total Treasury Risk-Free Assets:

The total risk-free value of various assets entering the treasury through bond sales. For instance, the value of USDT bonds equals the risk-free value of USDT bonds. The total value of LP bonds is greater than the risk-free value of LP bonds. Therefore, while the total treasury assets may decrease if the ORI price drops, the total treasury risk-free assets show a consistent upward trend.

ORIZON stipulates that each minted ORI is backed by $1 of treasury risk-free assets. As the treasury's risk-free assets increase, more ORI will be minted.