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Overview

An implementation of the compound protocol based on Mixin MTG technology.

rToken#

The corresponding certificate token you obtain after you supply a number of cetain encrypted currency to the market.

Functions#

Supply#

Users supply encrypted currencies to the market to provide liquidity, and obtain the corresponding rTokens. They receive interest yields by providing liquidity.

Pledge#

Users have to pledge rToken to the market before any borrow.

Unpledge#

Users take back the rToken that pledged to the market.

Redeem#

Users return the rToken in exchange for corresponding encrypted currency that were supplied before, including interest yields as the reward for providing liquidity.

Borrow#

Users borrow encrypted currencies from the market at a certain interest rate.

Repay#

Users repay the borrowed encrypted currency and the interest accrued during the borrow period.

Liquidation#

Due to the fluctuation of the market price, the value of a user's loan may exceed that of his pledged assets. When that happens, the other users can use a lower price to obtain the user's pledged assets so that the user's debt that are not covered by pleged assets are repayed.

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