Metera Platform V.1 Overview

This section of the V.1 of the protocol resumes the design of the Metera Protocol´s Platform function.

In V1, Metera Protocol introduces a new and flexible system for creating and managing tokenized indexes (MTKs). Once a Fund Manager (FM) proposes an index and it’s approved by the Metera DAO, it can be tokenize.

Key features include the ability for the FM to define index settings, mint MTK tokens, collect fees and provide initial liquidity. Users can deposit (Buy) or withdraw (Sell) from the index by placing orders, which are processed in sequence by the batcher. FM actions—such as updating target weights, adjusting and collecting fees—are prioritized.

In order to balance indexes, Metera V.1 uses a balance approximation system that considers token price fluctuations, target weights, and current weights. User deposits and withdrawals adjust the index toward the FM’s target weights. FM´s can update target weights as needed to rebalance the portfolio and sustain its strategy. Learn more about balance approximation.

With secure fee collection processes, FM´s can initiate collect orders to withdraw accumulated fees, enhancing both protocol sustainability and incentives. This V1 release establishes a secure, user-friendly, and community-governed foundation for diversified investment options within the Cardano ecosystem.

The V.1 Smart Contract version was developed alongside TxPipe Shops.

*** Please keep in mind this document is a work in progress, things may change as the project evolves ***