Merlin Protocol
  • Merlin Protocol
    • Intro
    • 0. Abstract - Features Implemented at the Choice of the DAO
    • 1. Decentralization and DeFi
      • 1.1 Features implementable at the choice of MerlinDAO
      • 1.2 Computer system
      • 1.3 Onchain Vs Offchain
      • 1.4 Risk Management
    • 2. The Merlin token, the MerlinDAO and future scenarios
      • 2.1 Merlin token (MRN)
      • 2.2 Merlin DAO
      • 2.3 Scenario of possible monetization of the MerlinProtocol
        • 2.3.1 Liquidity in the Liquidity Pool, Token Buyback and Burning
        • 2.3.2 The types of commissions that end up in the Liquidity Pools
      • 2.4 Staking
      • 2.5 Tokenomics
    • 3. Funds
      • 3.1 Top Cap
      • 3.2 Middle Cap
      • 3.3 Thematic Baskets
      • 3.4 Basket managed directly by MerlinDAO
      • 3.5 Index managed by AI
    • 4. How to use WebAPP to create and invest in TokenXFund decentralized funds
      • 4.1 Aladin fund creator user
        • 4.1.1 Use Case UCF1
      • 4.2 User investor of a fund
        • 4.2.1 Use Case UIF1
        • 4.2.2 Example: UIF1 use case
        • 4.2.3 UIF2 use case
        • 4.2.4 Example: UIF2 use case
    • 5. The creation and management of managed funds
      • 5.1 Active management
      • 5.2 Performance and benchmark
      • 5.3 Performance fees
      • 5.4 Ranking of Managed Funds
    • 6. Tokens to invest in
      • 6.1 The selection criteria for big and mid cap tokens
      • 6.2 Selection criteria for small and micro caps and ranking of tokens to put in portfolios
      • 6.3 Portfolio Composition Limits
    • 7. Oracles
      • 7.1 Decentralized Oracles
      • 7.2 Oracle design pattern
      • 7.3 ChainLink oracles —> (ChainLink Docs)
      • 7.4 Decentralized Data Model
      • 7.5 Data Security
      • 7.6 Uniswap v3 Pricing Oracles —> (Uniswap V3 whitepaper)
      • 7.7 Random Number Generator Oracles
    • 8. Swapping for fund rebalancing
      • 8.1 What is a Swap and why to Swap
      • 8.2 How to Swap
      • 8.3 When to Swap
      • 8.4 Javascript SDK for Uniswap v3
      • 8.5 DEX Expansion
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  1. Merlin Protocol
  2. 2. The Merlin token, the MerlinDAO and future scenarios

2.4 Staking

According to Tokenomics metrics, there will be a controlled inflation of tokens proportional to the entry of capital into the Liquidity Pool that will be used to fund the development of MerlinProtocol in its various life stages and to defend the liquidity pool from Pump and Dump-like attacks.

This logic will allow to add less and less tokens compared to the amount of liquidity entering the liquidity pool by automatically rebalancing the liquidity (understood as ETH, MATIC, USDC) and MRN tokens according to what is foreseen in tokenomics.

The MRN tokens that will be bought back to rebalance the liquidity pool in accordance with the provisions of tokenomics, will be used to incentivize the various token holders in a staking mechanism that will reward the long-term holders.

In fact, it will be possible to block in staking one's own MRN tokens to be part of the staking program foreseen by MerlinProtocol.

At the time of launch there will be 4 different pools dedicated to staking with higher multipliers depending on the time for which you decide to leave your MRNs locked in staking.

The multiplier represents the distribution of the amount of MRNs that will be distributed for staking: for example the 360 days pool will have 8 times more MRNs allocated for staking than the 30 days pool, obviously considering the same period of time.

So if for example the 30 day pool would receive 100,000 tokens for staking, for the same 30 days the 360 day pool would receive 800,000.

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Last updated 2 years ago