A lot of effort was put into making the features of the platform understandable for everyday users. However, some specific aspects may need additional explanations, as from a user's perspective, the behaviour may not be as expected.
Below is a short list of mechanisms which have previously caused questions.
The value of both outstanding youves tracker tokens and locked collateral in my vault is lower than before.
The user's collateral in a vault is exposed to the risk of loss. If the collateral ratio drops to the emergency collateral ratio, the step in mechanism / liquidation of the collateral can be activated by another user (usually by bots). This user can post and immediately burn (payback) part of the outstanding youves tracker tokens in the vault and as a compensation, gets a bonus out of the excess collateral of the vault.
An example can be found in the collateral management example.
This feature is no longer active in the v3 savings pools.
uUSD disappearing from the savings pool.
The user conversion rights can trigger an involuntary exchange of digital assets. In the case of the bailout / minter conversion right a minter can buy back and immediately burn youves tracker tokens staked in the savings pool / minter conversion pool in exchange for locked collateral at an implied rate of 1.25 * target price.
An example can be found in the bailout / minter conversion right.
Both outstanding youves tracker tokens and locked collateral in my vault are lower than before.
The user conversion rights can trigger an involuntary exchange of digital assets. In the case of the holder conversion right, a holder of youves tracker tokens can exchange them against locked collateral from a vault at an implied rate of 0.9375 * target price. This means the holder pays a premium of 6.25% for the conversion. By confirming the conversion, youves tracker tokens are immediately burned in a vault and the corresponding collateral value at the conversion price is taken out of the vault and released to the holder.
An example can be found in the holder conversion right.
This is not yet in use.