> For the complete documentation index, see [llms.txt](https://sauron.gitbook.io/mith-cash/llms.txt). Markdown versions of documentation pages are available by appending `.md` to page URLs; this page is available as [Markdown](https://sauron.gitbook.io/mith-cash/schedule/first-expansion-contraction.md).

# First expansion / contraction

Assuming MIC is priced at above (1+ε) USDT, where ε is 0.01 at launch, then expansion occurs. If MIC is priced at below (1-ε) USDT, then contraction occurs. The first measurement of pricing occurs on:

Day 6: Jan 5th UTC 02:00

Where 24 hour TWAP will be used to calculate MIC