Smart Liquidity

Secure minting and burning directly on the Blockchain

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Last updated 2 years ago

Smart Liquidity

Secure minting and burning directly on the Blockchain

Smart Liquidity will be one of the later features added to the MAYZ protocol.

Smart Liquidity will ensure that MAYZ Index Tokens represent the true live value of the Cardano Ecosystem at any second of the day, completely transparent, publicly auditable, and permanently available.

Investors will have certainty that at the time of minting, the best prices are being paid for their tokens and with the lowest possible fees. When it comes time to take profits or cash out their tokens, an automated burn mechanism will ensure they receive the maximum value for their tokens with minimal slippage and transaction fees.

Minting and burning smart contracts directly on the blockchain ensure decentralization and censorship resistance - no matter what happens in the future, your investment will always be accessible to you on-chain.

Minting

When funds are sent to the minting contract on Cardano, a set of Oracles will collect pricing data to calculate the number of tokens to mint and ensure that there are enough underlying assets in the treasury pool. Minting will be halted if there are not enough underlying assets to provide backing liquidity for the token.
Assuming there is liquidity in the underlying asset backing pool, Index Tokens will be minted and sent to the investor.
A set of purchasing smart contracts will purchase Cardano tokens according to the current Index ratio, finding the best current prices from our partnership DEXs.
A small percentage of investment funds will be taken at this point and be sent to a MAYZ company fund to cover infrastructure, pay salaries and ensure continued future development.
Backing tokens will be stored in the underlying asset backing pool until such time as they are released in the burning process.

Burning

When Index Tokens are sent to the burning contract, oracles will calculate the exact number of each backing token to release from the backing pool and raise a sell order.
The Index Tokens will be burned.
Oracles will find the best prices from our partnership DEXs and sell the tokens.
The resulting funds will be returned to the investor via bridge if necessary.

PreviousUnderlying Asset Backing Pool NextToken Types

Last updated 2 years ago

Smart Liquidity will be one of the later features added to the MAYZ protocol.

Minting

When funds are sent to the minting contract on Cardano, a set of Oracles will collect pricing data to calculate the number of tokens to mint and ensure that there are enough underlying assets in the treasury pool. Minting will be halted if there are not enough underlying assets to provide backing liquidity for the token.
Assuming there is liquidity in the underlying asset backing pool, Index Tokens will be minted and sent to the investor.
A set of purchasing smart contracts will purchase Cardano tokens according to the current Index ratio, finding the best current prices from our partnership DEXs.
A small percentage of investment funds will be taken at this point and be sent to a MAYZ company fund to cover infrastructure, pay salaries and ensure continued future development.
Backing tokens will be stored in the underlying asset backing pool until such time as they are released in the burning process.

Burning

When Index Tokens are sent to the burning contract, oracles will calculate the exact number of each backing token to release from the backing pool and raise a sell order.
The Index Tokens will be burned.
Oracles will find the best prices from our partnership DEXs and sell the tokens.
The resulting funds will be returned to the investor via bridge if necessary.