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Stakeholder Proposals / OIP1: Asset Feature - MLP2 (Market Liquidity Pool 2)
« on: June 21, 2020, 12:42:34 pm »
Liquidity is a big problem on the BitShares DEX, because there is no way to lend assets for market making.
Bancor and Uniswap got recently a protocol update. More users are using their service for lending and asset swaps.
The Onest Blockchain is a proof of concept for BitShares and BTS holder, to bring new innovations into the space. Which means an OIP can be freely exchanged for a BSIP and vice versa.
Abstract
What is new in MLP2?
Flow Chart
Soruces:
https://github.com/Onest-io/OIPS/issues/2
https://bitsharestalk.org/index.php?topic=29651.0
https://github.com/bitshares/bsips/issues/213
Bancor and Uniswap got recently a protocol update. More users are using their service for lending and asset swaps.
The Onest Blockchain is a proof of concept for BitShares and BTS holder, to bring new innovations into the space. Which means an OIP can be freely exchanged for a BSIP and vice versa.
Abstract
- MLP2 is an asset lending feature, to provide liquidity for asset exchanges at the current price level
- Simplified version of the Bancor Protocol without connector weight
- Stepless liquidity with no order book for any asset pair
- Blockchain as borrower and liquidity provider
- ONS as central node and base currency
- Market fees are shared to asset lender and blockchain
What is new in MLP2?
- One asset deposit/withdraw to/from MLP2
- Non-core token liquidity pairs
- No orderbook integration
Flow Chart
Soruces:
https://github.com/Onest-io/OIPS/issues/2
https://bitsharestalk.org/index.php?topic=29651.0
https://github.com/bitshares/bsips/issues/213