6.5 Risks and Responses

Risks and Responses

(a) Insufficient Buy-Side

Issue:

Automatic minting increases Coinhour supply; if AIX buy-side is insufficient, it may cause price slippage.

Responses:

• LP rewards maintain AIX-Coinhour pair liquidity.

• Collateral pool provides "final buy-side."

(b) Large Fund Manipulation

Issue:

Pump AIX price, exchange 1 yuan AIX for Coinhour, then dump for profit.

Responses:

TWAP, limits, transaction tax, and circuit breaker increase manipulation costs.

(c) Run Risks

Responses: Collateral pool and governance fund (DAO-managed) repurchase Coinhour; publicly disclose LP and collateral pool data to build confidence.

(d) 51% Attacks:

Responses: Multi-source oracles (Chainlink + TWAP); monitor abnormal exchange behavior.