Productas defined by the
Product's composition such as
Product's composing financial instruments are called
CollateralRequirementwhich is defined by each
Product's max loss.
ProductAccountparameters are currently set by the team and will eventually be decentralized and determined by the DAO.
PriceAccount. Each individual derivative has own
PriceAccount. Similar function of an external oracle.
NettingAuthoritywith Sollar's on-chain program to net and clear the
Userhas purchased. The goal of the optimization is maximization executed volume subject to price execution constraints.
ReplicationAuthority. It takes the on-chain program's net inventory position of
AtomicInstrumentsand optimizes to minimize total portfolio delta while subject to constraints of capital minimization and price execution.
Products subject to
PriceAccountas input and