An implementation of the compound protocol based on Mixin MTG technology.

A public blockchain driven by TEE (Trusted Execution Environment) based on the DAG with aBFT. Unlike other projects which have great theories but hardly any actual implementations of blockchain transaction solution, Mixin Network provides a more secure, private, 0 fees, developer-friendly and user-friendly transaction solution with lightning speed.

An alternative to smart contacts on Mixin Network.

Basically, MTG is a Multi-signature custodian consensus solution. Several teams will be selected and arranged as the “Trusted Group” in Pando, becoming the “Nodes”. Concensus has to be reached among the nodes to perform certain administrative actions. As a result, stable services and asset safety are guaranteed.

For example, let’s say there is a M/N multi-sig group where M represents the number of nodes, and the group manages some assets in the multi-sig address. When one of the nodes needs to transfer some assets out, it needs to collect at least N signatures from others to perform the action.

MTG is the framework. Pando is an application designed using the framework on Mixin Network.

The corresponding certificate token you obtain after you supply a number of cetain encrypted currency to the market.

Users supply encrypted currencies to the market to provide liquidity, and obtain the corresponding ctokens. They receive interest yields by providing liquidity.

Users have to pledge cToken to the market before any borrow.

Users take back the cToken that pledged to the market.

Users return the CToken in exchange for corresponding encrypted currency that were supplied before, including interest yields as the reward for providing liquidity.

Users borrow encrypted currencies from the market at a certain interest rate.

Users repay the borrowed encrypted currency and the interest accrued during the borrow period.

Due to the fluctuation of the market price, the value of a user's loan may exceed that of his pledged assets. When that happens, the other users can use a lower price to obtain the user's pledged assets so that the user's debt that are not covered by pleged assets are repayed.

MIT License

Copyright (c) 2020 Fox.ONE

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