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 ***

Last updated 5 months ago

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 ***

Last updated 5 months ago