Rebalance Guide for USSD in BNB Smart Chain (BSC)

Introduction: USSD was envisioned as an autonomous stable coin. To ensure 1USSD remains pegged to 1 USDT and to maintain the collateral structure as originally designed, we introduced the "Rebalance" function.

What is Rebalancing?

Rebalancing is a function designed to adjust the value of USSD back to its desired peg (in this case, 1 USDT) when the market value deviates. It also ensures the collateral structure stays consistent with the initial design.

When Should You Rebalance?

Consider a scenario where the price of USSD doesn’t match 1 USDT or the collateral structure is skewed in favor of another coin. For instance, if on Uniswap 1 USSD is trading at 1.01 USDT, then it's time for a rebalance.

The Outcome of Rebalancing:

After the rebalance function is executed, the price of 1 USSD will be realigned to 1 USDT.

How to Execute a Rebalance:

1. Pre-requisites:

• Ensure you have a wallet compatible with web3, such as Metamask. This wallet should be configured to work on the Ethereum main net. If you don't have one, install it from the Metamask website.
• Have some BNB in your balance to cover transaction fees.

2. Steps:

a. Navigate to the USSD rebalancer contract page on BSCScan: USSD Rebalancer Contract