MINOAN EXCHANGE
A Perpetual stock exchange
How to Trade
Loan Pools
Our loan pools are called Ariadne pools. In the myth of Theseus, Ariadne daughter of King Minas, gifts Thesues the yarn to help him traverse the Labrynth. Without her help Theseus would have surley parashed like many before. Just as a liquidity provider gives traders a chance at success.
Each trading pair has its own individual loan pool. As well as a corresponding DAO, to control the aspects of the loans. I.E. max leverage allowed, max loan, the minimum margin requirments, the interest rate and interest periods.
In order to become a liquity provider and be apart of the DAO one must stake USDC for the particular loan pool.
Once a liquidity provider has staked their USDC they will be able to vote on the various aspects of the loan pool. As well as claim rewards for being a liquidity provider.
When one stakes USDC they will recieve the LP's ERC1155 token which can be transfered bought or sold outside of the protocol. This token can be used to vote on the respective DAO.
At anytime a staker may transfer their tokens back to the pool to recieve their portion via percentage of USDC in the pool.
If at any point the pool's availble funds, i.e. USDC is loaned out, the staker may not be able to redeem full amount of USDC at that time, in order to protect the underlying pool.
Theseus DAO
A DAO, or Decentralized Autonomous Organization, is a type of organization that operates through smart contracts on a blockchain network. In the context of a DeFi exchange, the DAO can be used to govern and manage the operations of the exchange. When users trade on the exchange, trading fees are generated. These fees can be collected by the DAO and distributed to the holders of the DAO tokens, similar to how dividends are paid to shareholders in a traditional company. This distribution can be done automatically through smart contracts, ensuring that the process is transparent and trustless.
DAO token holders can also participate in the governance of the exchange through a voting system. They can vote on proposals such as changes to the trading fee structure, the addition of new trading pairs, or changes to the DAO's distribution mechanism. With Theseus DAO each stake holder is given Minoans which show your stake in the DAO. The more Minoans you have the more voting power you have. The DAO will be governed by the community and will be a place where the community can come together to discuss and vote on proposals. Such as the addition of new assets, changes to the trading fee structure, and changes to the distribution mechanism. As well as putting maximum and minimums on all the loan pools of the exchange for every asset. This will help to keep the exchange safe, secure and user friendly.
When a new asset and lending pool is created for the exchange the DAO will vote on the maximum and minimum loan amounts for that asset, as well as the interest rate for that asset. The DAO will also be the first staker of the any new pool. The DAO will also recieve percentage of liquidations left over after paying the loan pools back and the liquidator fee. It is the job of The Theseus DAO to protect the entire protocol. By voting on limits for all the Ariadne DOA's as well as acting as an insurance fund for if the Loan pools ever run out of liquidity.
@Minoan Exchange
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