KittenSynthetic: Bull & Bear Leverage Tokens with Yield, without Liquidation, and without Time Decay

  • You can use USDC to 3x trade ETH on Polygon.
  • You can use USDC to 3x trade QQQ on BSC.

1. Collecting Transaction Fee

The tx fee is 0.3%, and it’s fully distributed to token holders:

  • If someone buy BULL, the tx fee goes to all bears.
  • If someone buy BEAR, the tx fee goes to all bulls.
  • If someone sell BULL, the tx fee goes to all remaining bulls.
  • If someone sell BEAR, the tx fee goes to all remaining bears.

2. Collecting Funding Rate

The funding rate is the incentive for a balanced market:

  • When total_BULL_value > total_BEAR_value, bears can receive funding rate from bulls. So it’s good to hold BEAR.
  • When total_BEAR_value > total_BULL_value, bulls can receive funding rate from bears. So it’s good to hold BULL.

3. Collecting “debt” from the Settlement Process

When you make a trade in KittenSynthetic, it is not simply settled using the price you see in the swap panel. This is because of our front-running resistance design, which consists of two steps. Example:

--

--

Get the Medium app

A button that says 'Download on the App Store', and if clicked it will lead you to the iOS App store
A button that says 'Get it on, Google Play', and if clicked it will lead you to the Google Play store