👨‍💻Contract Architecture

Eventually our contracts will be open-sourced and upgradability will be removed. For now we're publishing notes here.

How Data Flows

Players may take positions by selecting a number of variables and depositing ERC-20 collateral. New positions are represented as ERC-721 tokens (Mimes).

Mimicry data flow diagram

Mimics as NFTs

Each minted Mimic will contain specialized metadata written to the blockchain. When rendered within a wallet, that data, along with real-time performance information, will be visible in the NFT itself. Some of the data recorded may include:

• The NFT collection to peg value against

• The direction of the collection's price prediction (long or short)

• The USD liquidation value of the position, after fees

• The amount of profit, expressed as a percentage

• The amount of rewards earned