A protocol that allows user to deposit into a vault and in return, receive RebaseX tokens that represent their underlying balance
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Rebase Token -> balanceOf function is dynamic to show the changing balance with time
- Balance increases linearly with time.
- mint tokens to our users every time they perform an action (minting, burning, transferring, or bridging)
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Interest Rate
- Individually set an interest rate or each user based on some global interest rate of the protocol at the time the user deposits into the vault.
- The global interest rate can only decrease to incentivise/reward early adopters.