A Quick Summary of CZODIAC Assets and Backing Ratios
The bug really negatively affected us, but since so much was liquid before and we have very strong overcollateralization pre-bug, we are still overcolalteralized and have sufficient liquidity today. You can check everything on chain to confirm it is accurate, there arent any secrets here. Also a good time to reminder, that on occasion CZUSD can float off peg for some time and has done so in past.
The details mentioned below will give you an overview of CZODIAC assets backing in a clear and concise manner
Total CZUSD supply: 665,838
. Locked CZUSD: 261245
. -LSDT locked CZUSD: 12,924
. -LRT locked CZUSD: 16,456
. -DGOD locked CZUSD: 44,784
. -GEM locked CZUSD: 17,441
. -CZR locked CZUSD: 5,581
. -Treasury CZUSD: 163,859
. -Deployer CZUSD: 200
Net CZUSD supply: 404,593
Total Assets: 539,802
Total liquid backing assets in USD: 66,534
- Treasury BUSD: 19,634
- - Deployer DDD: 15,290
- - Treasury WNOW: 4,677 (from bug)
- - USTSD Silver Dollar Reserves: 26 993
- Total LP backing assets in USD: 473,268
- - DGOD/CZUSD: 158,904
- - CZR/CZUSD: 125,984
- - LSDT/CZUSD: 86,532
- - LRT/CZUSD: 50,352
- - GEM/CZUSD: 44,576
- - WNOW/CZUSD: 3,608
- - DST/CZUSD: 3,312
Current Collateralization Ratio: 133.4% (target: 93.25% from Frax Finance)
Current Liquid Ratio: 16.4% (target: 15%, for short term depeg)