Loan: Issuance

Borrowers are self-loaned synthetic assets by putting up collateral according to the following equation.

$$Synthetics \ Issued = \frac{Collateral * Price(Collateral)}{Borrowing Ratio * Price(Synthetic)}$$

Example Synth Issuance

Parameters
Borrowing Ratio	150%
Collateral Price(USD)	$10,000/ETH
Synth Price(USD)	$100/Synth

Accounts Before Issuance

Loan		Borrower
Collateral	0 ETH	Account	15 ETH
Liability	0 Synths		0 Synths
Ratio	0%

Using all 15 ETH to issue Synths results in the following

1000 \ Synths \ Issued = \frac{15 \ ETH * $10,000 / ETH}{$100/Synth * 150 \%}

Accounts After Issuance

Loan		Borrower
Collateral	15 ETH	Account	0 ETH
Liability	1000 Synths		100 Synths
Ratio	150%