Mimicry Docs
Mimicry.orgLaunch App
  • Whitepaper
    • πŸ‘¨β€πŸ«Protocol Overview
    • βš™οΈCore Mechanics
      • 🎲True Odds
      • πŸ’ΈValue Transfer Events
    • 🀹Advanced Features
      • 🎚️Leverage
      • ⏰Automations
        • Automated Stop-Loss
        • Automated Take-Profit
        • Automated Swap-Sides
    • πŸ§‘β€πŸ€β€πŸ§‘Players & Participants
      • πŸŽ₯Directors (Market Sponsors)
      • 🎭Actors (Traders)
      • 🎬Producers (Liquidity Providers)
      • βš–οΈBalancers (Keepers)
      • πŸ‘·Crew (Team)
    • πŸ“ŒFees
    • πŸͺ™Tokenomics
      • πŸ’»In-App Use Cases
      • πŸ’°Rewards
      • πŸ›οΈGovernance
      • πŸ“ŠDistribution
      • πŸ“ˆVesting
    • πŸ‘¨β€πŸ’»Contract Architecture
    • ⚠️Risks & Mitigations
      • Price Manipulation Risk
      • Data Feed Downtime Risk
      • Centralization Risk
      • Smart Contract Risks
      • Macroeconomic Risk
      • Skew-Change Risk
      • Leverage Risk
      • Liquidation Risk
      • Arbitrage Risk
      • Market Abandonment Risk
      • Balancer Shortage Risk
    • πŸ—£οΈNotable Vocabulary
    • 🀝Partner Integrations
    • πŸ—“οΈRoadmap
  • For Devs
    • πŸ“œContracts & Wallets
      • Contracts Overview
      • Contracts Reference
      • Wallets Reference
    • πŸ’ΎSDK
  • FOR COMMUNITY
    • πŸ”—Official Links
    • 🎨Brand Assets
    • πŸŽͺMarkets
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  1. Whitepaper

Core Mechanics

The Mimicry Protocol consists of a series of open-source smart contracts and a GUI web application.

PreviousProtocol OverviewNextTrue Odds

Last updated 2 years ago

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πŸ”Ž Overview

Each Pantomime is a smart contract that manages a pool of tokenized collateral supplied by liquidity providers () and traders () based on the price movement of an on-chain reference-price feed.

Theoretically, the skew of collateral deposited into a Pantomime at a given time could be exactly split, 50/50, between bulls and bears. However, in practice this will be rare. More commonly there will be an asymmetric skew of capital, because a group of bullish or bearish Actors will collectively predict that the reference price of a Pantomime will be more likely to go up or down. This creates a situation where the β€œunderdog” side of a pool has less capital at risk than the β€œfavorite” side, and thus each side will have unique odds. We call the unique odds of each side of the market the .

βš™οΈ
True Odds
Producers
Actors
Illustration of Mimicry GUI with description of each component