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USH stablecoin
The ceiling price of USH is $1.10, as users can always deposit the equivalent of $110 of collateral to mint $100 worth of USH. If USH is trading above $1.10, a profit could be made by selling USH on the market.
To establish a floor price for USH, there are two different mechanisms. If a user has a loan and finds USH to be below $1, they can repay their loan at a lower price by buying more USH, in turn stabilizing the price of USH. Alternatively, they can redeem their USH.
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Price ceiling

There is a hard price ceiling for USH at $1.1 which can be explained as follows:
  • Let's assume USH trades at 1.12 USDC and that you have 1000 USDC. We'll assume SOL price is at 50/USDC
  • With 1000 USDC you buy 20 SOL
  • With that you deposit into a Hedge vault and mint 909.09 USH (the max possible at 100% collateral ratio).
  • You sell the 909.09 USH on the market for 1018.18 USDC. (909.09 * 1.12)
  • You started with 1000 USDC and now have 1018.18 without ever needing to repay your vault. In the process you made 18.18 USDC profit
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