The 1xMM Pool for 1XMM tokens

A dedicated 1xMM Pool will be created to allow users taking positions on the 1XMM token. 40% of the token supply (i.e. 260,000,000 tokens) will be dedicated to liquidity and yield generation on the 1XMM pool.

One-XMM liquidity managers will take positions, either long or short, depending on the market context and the number of participants, to allow payment of yields to participants being in the opposite direction. Our yield management strategy is simple:

• When the price of the token is going up, liquidity managers will take short position and adjust notional to serve up to 10% p.a. yield to long positions

• When the price of the token is going down, liquidity managers will either

  • Increase the short position to incentivize market participants to buy 1XMM tokens and deposit tokens on the long side; or

  • Change position side (long --> short) to incentivize market participants to buy 1XMM tokens and deposit tokens on the short side

The 1XMM pool is a key feature of the Asagaia ecosystem which will help to support the price of the 1XMM token.