In the onset, we will launch with our first stablecoin dfxCAD which is a hybrid stablecoin for the Canadian dollar. dfxCAD will start off at 95% collateralized by it's fiat-backed counterpart, CADC and 5% DFX tokens. Based on the peg of dfxCAD, the smart contract can change the collateralization ratio by up to 1% per day. If dfxCAD is trading at a premium, the collateralization ratio of CADC will be decreased. If dfxCAD is trading at a negative premium, the collateralization ratio will be increased.