Features

V.1 features:

• MTK Creation and Management:

  • Funds Manager (FM) after proposing the strategy and approved by the Metera DAO, creates a new MTK with chosen tokens and their weights.

  • FM sets exit ∧/∨ entry fee.

  • FM sets the initial supply amount to be minted upon MTK creation and must provide first liquidity to their MTKs. At least a total of ₳10,000 in underlying assets are needed.

  • Once the MTK is created, FM can update it settings, including target weights for tokens, in order to rebalance it.

• Interactions with the MTK:

  • Users can deposit or withdraw tokens by placing orders.

  • Orders are processed sequentially by the batcher.

  • FM orders have priority over user orders and are processed immediately upon submission.

  • A Fee is charged to the users by the FM in deposits ∧/∨ withdrawals, paid in MTKs when orders are processed.

  • A Fee is charged to the users by the Protocol, named "Protocol fee".

  • Fund manager fees are accrued and stored in a fee vault for the later collection by the FM.

• Order Processing:

  • Deposit assets, are allocated into the MTKs, and new MTK tokens are minted as a result.

  • Withdrawals involve burning MTK and paying out tokens from the MTK.

  • When canceling an order before processing, users will receive 100% of their assets.

• Portfolio Rebalancing:

  • Fluctuations in asset prices or changes in target weights may lead to portfolio imbalances.

  • User deposits and withdrawals are calculated in such a way that orders always approximate current weights to the target weights indicated by the FM.

  • FM can place update orders to adjust target weights and rebalance the portfolio.

• Fee Collection:

  • FM can initiate a collect order to claim accumulated fees in the portfolio.

  • Once processed, fees are paid out to the FM's address.

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