👨💻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).
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
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