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Smart token

Open krboktv opened this issue 5 years ago • 0 comments

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

krboktv avatar Apr 01 '20 12:04 krboktv