MARKET Protocol

Basics

• DeFi.
• Not mainnet yet (17-3-2020).
• A protocol on Ethereum which offers tokenized leverage trading of anything asset through synthetic pricing.
• "MARKET Protocol allows users to trade the price of anything while leveraging the benefits of the blockchain. Trade stocks, cryptocurrencies, and traditional assets."

Tech

• Whitepaper can be found [insert here].
• Code can be viewed [insert here].
• Built on:
• Programming language used:

Transaction Details

• Capacity (TPS):
• Latency:

How it works

• From this post by ImToken (17-3-2020):

"Similar to Synthetix and UMA, Market Protocol plans to bring exposure to blockchain and traditional assets in their own, unique way. Market protocol (also not released yet) follows UMA’s example in issuing synthetic assets that are backed by a comparatively small amount of collateral and therefore creating leverage for the user.

Their tokens also need an oracle to be priced and expire every 28days, and the person holding the synthetic token can claim the collateral. However, in Market Protocol’s case, the tokens are always minted in pairs of two tokens: One short and one long position token. That means, you would create a pair and then for example sell the long tokens to hold the short position on e.g. ETH, betting on decreasing ETH prices.

Unlike UMA, however, Market Protocol’s tokens always have a priceCap and priceFloor defining up until which points (high and low) a token can profit: If you hold an ETH short token you won’t profit from ETH going to zero, but only to a limit. Same with the ETH long token."

Roadmap

• Can be found [Insert link here].

Audits

• Bug bounty program can be found [insert here]. None according to Blockchain Security DB (29-6-2020), which does show 1 audit (5-2019).

Competition

• From Token Tuesdays (3-9-2019:

"(Synthetic) and FOTA are the first projects that come to mind, each with slightly different variations on services offered and how their respective tokens play into their ecosystem."

Team, advisors, partnerships, etc. (as of 8-2019)

• Seth Rubin; co-founder
• Collins Brown; co-founder
• Travis Mathis; engineer
• Dan Matthews; engineer

Advisors

• Erik Voorhees
• Patrick Charles; Data Science & Analytics Pipeline Architect
• Josh Fraser; Co-Founder, Origin Protocol
• Casper Johansen; Co-Founder, Spartan Group
• Brent Traidman; Chief Revenue Officer, Bread
• Kevin Owocki; Founder, GitCoin

Partnerships

• Member of the DeFi Network
• DDEX, Virtuse Exchange, DG, Maker, Bluzelle, Chainlink and Kleros