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@@ -3,6 +3,6 @@
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"position": 2,
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"link": {
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"type": "generated-index",
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"description": "Fundamental mechanisms of the TFT minting transition plan."
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"description": "Fundamental mechanisms for TFGrid 4.0."
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}
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}
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}
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@@ -13,18 +13,18 @@ We want to launch the liquidity pools 1-1-2026
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### CC-TFT
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- **Function**: Enables conversion between TFT and CC, its a position based liquidity pool.
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- **Source of Funds**: Only CC generated from revenue can be converted into TFTF
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- **Purpose**: Facilitates internal settlements and allows revenue to be converted into an asset (TFTF) that reflects the market value of TFT
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- **Source of Funds**: Only CC generated from revenue can be converted into TFP
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- **Purpose**: Facilitates internal settlements and allows revenue to be converted into an asset (TFP) that reflects the market value of TFT
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- **Flexibility**: Allows users to maintain TFT exposure while holding stable CC
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### CC-USDC Pool
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- **Function**: Provides a controlled bridge between the internal ecosystem (TFTF) and an external stablecoin (USDC)
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- **Function**: Provides a controlled bridge between the internal ecosystem (TFP) and an external stablecoin (USDC)
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- **Purpose**: Enables fiat exit for operational needs while protecting against system drainage
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**Rules:**
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- **Dutch Auction Principles**: The pool operates based on [Dutch auction mechanics](./dutch-auction-exit.md)
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- **Dutch Auction Principles**: The pool operates based on [Dutch auction mechanics](/roadmap/dutch-auction-exit)
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- **Liquidity Cap**: No more than 5% of the USDC liquidity in the pool can be used in a single transaction or period to prevent dramatic price shifts
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- **Minimum Margin**: A minimum discount of 20% is maintained, ensuring a margin for the pool
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- **Position-Based Pool**: The pool's mechanics are based on its current position and liquidity. More info at [Position Based LP](./position-based-lp.md)
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- **Position-Based Pool**: The pool's mechanics are based on its current position and liquidity. More info at [Position Based LP](/roadmap/position-based-lp)
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@@ -8,10 +8,12 @@ Our ecosystem uses a multi-currency system to ensure both stability for utility
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## Token Types
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## TFP (ThreeFold Point) = is same as TFT but only exists in the marketplace
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### TFP (ThreeFold Point)
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- **Definition**: TFP is a converted TFT and only exists within the marketplace ecosystem for internal accounting and settlements.
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- 1 TFP = 1 TFT (at time of conversion)
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> is same as TFT but only exists in the marketplace
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- **Definition**: TFP is a TFT which only exists within the marketplace ecosystem for internal accounting and settlements.
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- 1 TFP = 1 TFT
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- TFP cannot be converted back to TFT until the market price of TFT exceeds the fixed conversion rate of CC to TFP (see below in swap section).
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- in other words if on public markets the TFT is prices higher than 1 CC in USD value then you can convert back.
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- Once the market price surpasses the fixed rate, users can return TFP to unlock their original TFT.
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@@ -56,7 +58,7 @@ Our ecosystem uses a multi-currency system to ensure both stability for utility
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## Link to Revenue
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- Farmers (farmers) are paid in TFP, which they can convert to TFT or hold for potential appreciation (80% of revenue)
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- 80% of revenue goes to Farmers (as TFP)
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- 10% of revenue is burned to reduce supply and maintain peg stability, burned TFT.
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- 10% of revenue goes to ThreeFold Foundation for ecosystem development and maintenance
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