Backing per SPHERE

SPHEREbacking=treasuryBalancestablecoin+treasuryBalanceotherAssetsSPHERE_{backing} = treasuryBalance_{stablecoin} + treasuryBalance_{otherAssets}
Every SPHERE in circulation is backed by the treasury. The assets in the treasury can be divided into two categories: stablecoin and non-stablecoin.
treasuryBalancestablecoin=RFVRFVwallet+RFVlptreasuryBalance_{stablecoin} = RFV_{RFVwallet} + RFV_{lp}
The stablecoin balance in the treasury grows when transacations occur, thanks to the taxation system. More info: RFV.