MAYZ - Whitepaper V2
  • INTRODUCTION
    • What is MAYZ?
    • Why MAYZ?
    • How Does MAYZ Work?
      • Types of Members
      • Fund Creation Process
      • Escrow Service
    • Protocol Path
      • MVP
      • Release 1: Full Cardano
      • Release 2: Cross-Chain Goal
    • Token Types
      • MAYZ Utility & Governance Token
      • Fund Token
    • Tokenomics
      • Total Distribution
      • Vesting Schedule
  • MAYZ PROTOCOL
    • Technical Document
      • General Aspects
        • Mutual Funds
        • Liquidity Pools
      • Purpose of MAYZ Protocol
      • MAYZ Holders Community
      • Protocol Contract
        • Definition
        • Functioning
      • Fund Contract
        • Definition
        • Functioning
      • ADA/LP Swap Contract
        • Definition
        • Operation
      • Escrow Agreement
        • Definition
        • Operation
      • Investment Unit, LP and uLP Token
        • Definition
        • Decimals and fractions
        • Recommendations
        • ADA in the Investment Unit
        • Investment Unit, LP Token and uLP Token Value
      • Deposits in the Fund
      • Withdrawals from the Fund
      • Fund Re-Indexing
      • Commissions
        • Payment of Commissions
        • Charging Commissions
        • Recovering Fees
      • UTxOs of Deposits in the Fund
      • Oracle Contract
  • Cardano Fund
    • What is Cardano Fund?
      • Cardano Fund
      • Passive Investment Strategy
    • Why Cardano Fund?
      • Cardano Fund Vision
    • How Does the Cardano Fund Work?
      • Spects
      • Where to Start
  • MAYZ
    • Development Roadmap
    • Meet the Team
    • Funding Strategy
    • ISPO
    • Knowledge Base
      • Why Cardano?
      • What is a smart contract?
      • What is an Index?
      • What Is a Blockchain Oracle?
      • What is a Cross-Chain Bridge?
  • Links
    • Website
    • Twitter
    • Discord
    • Medium
  • BRAND KIT
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  1. MAYZ PROTOCOL
  2. Technical Document

Purpose of MAYZ Protocol

The purpose of the MAYZ Protocol, or simply the Protocol, is to provide Users with a decentralized finance (DeFi) tool to facilitate their investments in network-native tokens.

The Protocol will offer the service of decentralized investment funds built on the Cardano network through a series of smart contracts, which we will also call Contracts. The Smart Contracts will contain the logic and rules of the investment funds, allowing for automated and transparent investment management. These Contracts will have an interface to interact with through a website, the Protocol Portal. Throughout this text, we will also call these investment funds simply Funds.

The Protocol will have an associated utility token, the $MAYZ Token, providing access to certain administrative functionalities.

Each investment fund will be defined by an Investment Unit consisting of several tokens, and the Investment Unit may be adjustable.

Each Fund will have a Liquidity Provider Token or LP token representing its participation. There will be as many LP tokens as Investment Units will be deposited in the Fund.

Users who wish to invest in the Cardano ecosystem quickly and securely will be able to do so by simply holding these LP tokens in their wallets. They will have different mechanisms to access the LP tokens of a Fund, and they can do so through the secondary market, the Swap Contract, the Escrow Contract, or by interacting directly with the Fund Contract.

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Last updated 2 years ago