What Is Inflation Adjusted USDS(IUSDS)?
Spice Trade protocol is introducing a new revolutionary concept: Inflation Adjusted USDS stable coin that automatically adjusts and protects against inflation. On a monthly basis, as U.S. Bureau of Labor Statistics releases CPI data, the peg for iUSDS adjusts to account for inflation (or deflation). The goal here is to create a stable coin that maintains the relative purchasing power of USD.
The formula is as follows: Peg (iUSDS) = $1 / Buying Power Coefficient where Buying Power Coefficient (or BPC) = CPI as of January 2022 / Current CPI For example, as of May 2022, the latest CPl data published by BLS is for March 2022: March 2022: 287.504 January 2022: 281.148 Source: https://www.bls.gov/cpi/tables/supplemental-files/home.htm Therefore, Current BPC = 0.97789 and Peg (iUSDS) = 1/0.97789 = $1.0226 As BLS data updates over time, BPC gets updated based on a ramp up (or down) function to avoid sudden moves in the peg
Important Points Table Of IUSDS
| Basic | Points |
|---|---|
| Coin Name | Inflation Adjusted USDS |
| Short Name | IUSDS |
| Total Supply | 2,210,259 |
| Explorer | Click Here To View |
| Documentation | View Document |
| Website | Click Here To Visit |