🎨Pool Tokens Design
Users will get pool tokens when depositing into the pool. With pool tokens, users can withdraw from the pool anytime!
Pool Token value gets updated when winners are announced. Every pool has its own tokens (short/long/sponsor tokens). They are used as proof of users' collaterals in the pool. Token will be burned when users withdraw from the pool.
Users will get short tokens when they deposit tokens with bidding on short.
Then, once user A deposits principals, user A will get 500 Short BTC-Dai Pool Token.
The users can choose to either get 1,050 aDai or Dai when they withdraw from the game:
If the user chooses to swap decisions and the current long pool token price is 1 Dai, then the user's short BTC-Dai Pool tokens will be burned and the pool will mint 1,050 corresponding long BTC-Dai Pool Tokens.
The short token will be burned once the user redeem or withdraw from the protocol.
The users will get long tokens when they deposit tokens with bidding on long.
The long token will be burned once the user redeems or withdraw from the protocol.
🏦 Sponsor Token
Sponsors are not eligible to get rewards from the game. Instead, sponsors will supply interest to the pool. If a user sponsors USDT, he will get entropyUSDT (1:1 to USDT), as proof that he sponsored one of our pools.
To mining our governance token, the user has to be a sponsor in one of our pools. Staking sponsor tokens into our liquidity mining smart contract to mint governance tokens!
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