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How is inflation calculated?
Inflation occurs when explicitly called by the fee recipient. The smart contract calculates the amount to be minted based on the time since the last mint. The quantity of tokens sent to the fee recipient is determined by multiplying the number of seconds passed since last mint by the per second inflation rate.
Fees are denominated in AMKT; AMKT inflated new units of the token are sent to the fee recipient but the value of collateral in the vault remains the same.