Skip to content
New issue

Have a question about this project? Sign up for a free GitHub account to open an issue and contact its maintainers and the community.

By clicking “Sign up for GitHub”, you agree to our terms of service and privacy statement. We’ll occasionally send you account related emails.

Already on GitHub? Sign in to your account

Smart token #9

Open
wants to merge 53 commits into
base: master
Choose a base branch
from
Open

Smart token #9

wants to merge 53 commits into from

Conversation

krboktv
Copy link
Member

@krboktv krboktv commented Apr 1, 2020

Purchase Smart Token

  1. Source asset is split into reserve tokens by the ratio in the smart token.
  2. Issue new funds to the caller in the smart token by staking reserve tokens to BancorConverter contract
  3. Convert leftovers of swapped reserve tokens to smart token

Sell Smart Token

  1. Smart token is liquidated in BancorConverter contract
  2. Reserve tokens are converted into a destination asset

Sign up for free to join this conversation on GitHub. Already have an account? Sign in to comment
Labels
None yet
Projects
None yet
Development

Successfully merging this pull request may close these issues.

None yet

2 participants