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Overview
Welcome to the Shorter documentation.
Shorter Finance is a 100% on-chain auto-broker protocol from IPI Labs, bringing margin trading and physical delivery to the DeFi landscape with the ethos of open source.
Some of Shorter’s prominent features:
- Transparent single-sided token loaning & farming
- Customizable derivatives & margin trading
- Constant liquidity driven by AMM
- Visible position lifecycle management
- 100% on-chain liquidation & debt coverage
- Physical delivery of cross-platform assets
- Massive trading slippage reduction
Prerequisite Readings
Shorter’s Anatomy
- Pools: It initially paves the way for altcoin holders for unstable tokens’ deposits and profit. The controllable shift of these assets grants the trading capacities to this whole protocol.
- Trading Hub: The core ingredient serves users as a gateway over the logic between positions and underlying assets.
- Position: Managed by Trading Hub and Auction Hall. Its lifecycle shifts in obedience to the prescribed rigorous rules before.
- Auction Hall: A venue built on contractual logic supporting debt bidding and recovering activities.
- Committee: Similar to committees in real but even more decentralized.
- Farming: This can be of substantial assistance to help users care more about their earnings by interacting with smart contracts or getting involved in activities.
- strPool: The staking proof token distributed by pools, maintaining the pool-related data structures as well.
- Vault: It gives far more opportunities for arbitrage rulers to bid on Legacy assets through a set of open interfaces.
- Treasury: This is a catch-all for overall protocol revenue.
Theoretical Basis
- Semi-strong Form Efficient Market Hypothesis
- Bayesian Game Theory
- Nash Equilibrium
- Modern Monetary Theory
- Law of Large Numbers
First Steps
To get the most out of Shorter, start by reviewing these introductory topics below: