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Merge pull request #16 from MXCzkEVM/typo
Update XSD.md
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docs/Designs/XSD.md

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@@ -48,9 +48,9 @@ In this case, the users will try to redeem one Gin 1689 NFT to get 100USD worth
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| Collateral redeemed | Value USD | Quantity | Total Burnt XSD | Percentage |
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|---------------------|-----------|----------|-----------|------------|
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| Gin 1689 NFT | 100 | 1 | 200 | 80% |
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| MXC token | 1 | 25 | 50 | 20% |
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| | | | 250 | 100% |
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| Gin 1689 NFT | 100 | 1 | 50 | 80% |
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| MXC token | 1 | 25 | 12.5 | 20% |
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| | | | 62.5 | 100% |
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@@ -93,7 +93,7 @@ This chapter introduces XSD minting: a peer-to-peer perpetual lending protocol t
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XSD mint matches users who want to borrow against their real-world collateral with whatever lender is willing to offer the most competitive rate, using a sophisticated off-chain offer protocol.
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By default, XSD mint loans have fixed rates (0% interest rate) and never expire. Borrowers can repay at any time, while XSD mint won't exit. Howevery, MXC DAO can trigger a referedum to exit any positions by triggering a Dutch auction to find a new lender at a new rate. If that auction fails, the borrower is liquidated and the XSD mint takes possession of the collateral.
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By default, XSD mint loans have fixed rates **(0% interest rate)** and never expire. Borrowers can repay at any time, while XSD mint won't exit. Howevery, MXC DAO can trigger a referedum to exit any positions by triggering a Dutch auction to find a new lender at a new rate. If that auction fails, the borrower is liquidated and the XSD mint takes possession of the collateral.
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XSD mint has been implemented by MXC Core Contributors. In their implementation, some protocol parameters, such as protocol fees, are controlled by MXC DAO governance.
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