The TRFM involves a major conceptual shift. This concept has previously been implemented in protocols like MakerDao, but their target price is fixed at $1 . dotBTC still has a peg (the target price) at any given time, but this peg changes based on the target rate. Here’s a hypothetical example of how this could play out in practice: suppose dotBTC initially has a TP and MP of $60,000, and a TR of 0%/year. Then, an extreme market event causes the MP to drop to $54,000. The TRFM activates and sets the target rate to 10%/year to incentivize supply contraction and demand to hold dotBTC . Suppose that after 8 months, the TP and MP are equal again, so the TR returns to zero; now the target price (and also the market price, since we said they were the same) will be ~$60,000.