Evo Whitepaper

Embedded Volumetric Optionality Protocol

Note

UniswapV3 Integration Section To Be Released

Abstract

EVO Protocol is a dynamically adjusting ERC-compatible protocol that adjusts based on volume

EVO tokens are minted and burned on-demand by deposit and withdraw operations directly via the contract.

Initiated Protocol Operations

• Deposit
  
• Withdraw
  
• Transfer
  

These operations contribute to transfer rates. Transfer rates are tracked both in aggregate and individually (i.e. per address). The period of time for tracking is the last 25 days.

Time and Period

V2 Upgrade will include upgrading the time and date to a new libray

Time and Period should be defined on a per market basis. Meaning you should choose what is computed to be the optimal time period based on historical analysis.

Multiples of 4,6, etc are suggested

• For Example 25 days has36000 minutes, which divided by block_time=4 gives 9000

GasEVO is determined both in aggregate (dynamically) and individually for each address based on transactional (i.e. volumetric transactional information) stored and updated through the smart contract during the previous transactions.

All three operations such as deposit, withdraw and transfer can equally contribute to the transfer rates that are tracked totally and individually(as per holder) by the smart contract for the period of the last 25 days.
The token price is determined dynamically(and individually for each holder) based on the information stored or updated in the smart contract during previous transactions:

Utility

Note: This is specific to the implementation based on the reference specification , as described in the whitepaper (./latex/*/.tex)

Given enough liquidity, GasEVO has a way to compute the exchange rate towards the base instrument (ETH).

Like this, movements of the bigger or significant volumes can be interpreted as market trends (i.e. gwei pricing.)

By utilizing small volume movements and disincentivizing the larger ones without compensation to holders every exceeding bulge bracket trade of the token is tracked by the smart contract and higher "transactional" fees are applied (re: withdraw, or 'consumption').

Note: We describe transactional fees sometimes as an interest fee. This language is marked as depreciated as this confers and/or implies a rate of return that is somewhat deterministic, this however is not the case per se as it is entirely possible that all trades could be below the transfer rate during a period/epoch.

Transference of funds below daily volume threshold does not impose any interest fee.

When the threshold has been exceeded some percentage of tokens gets burned, for the transfer, for deposit or for withdraw of the base instrument (ETH).

Thresholds are tracked individually per address as the average rate and have a function by which they operate on.

Architecture & Engineering

Discussed in chapter 2

Safeguards and Tooling

Discussed in chapter 3

Security

please contact: <mailto: [email protected]>for bugs/security issues, thank you.

License

SPDX-License-Identifier: SSPL-1.0