Our Decentralized No-Loss Trading Protocol deploys a multipronged approach to enable the users in getting real crypto trading experience without involving any risk.
Users are able to withdraw their initial entry fees at the end of the tournaments even if they had made losses in virtual trading.
Gamification through Crypto Trading Tournaments will align the user behaviour with that present in the actual trading ecosystem.
The Initial Pool Amount (IPA) of Trading Tournaments is locked into Aave where it earns yield for the duration of the tournament. This Yield is used to reward the users according to their profits in virtual trading.
1. The Tournament is Created
2. Users Participate
3. IPA sent to Yield Source
4. Users do Virtual Trading
5. IPA Earns Yield
6. Initial Contribution Withdrawn
7. Users are Rewarded
The Tournament Host will create a Trading Tournament and can optionally put in an Initial Contribution which will improve the user incentives as the earned Yield is used to reward the profit earners in the tournament.
The users will be participating in the created tournament. If the tournament creator has specified a fee, users will be paying the entry fee in the specified stable coin e.g. DAI to join the tournament.
The initial contribution and the accumulated entry fee that makes up the Initial Pool Amount (IPA) will be sent in a non-custodial manner to a Yield Generating Protocol like Aave.
The participants will be trading virtually the creator-selected tradable assets using the pre-fed virtual currency at the onset of the tournament.
While the users will be doing virtual trading throughout the tournament, Aave will be earning Yield on the IPA.
At the end of the tournament, the initial contribution (if any) would be sent back to the Tournament Creator.
The Yield Earned on the IPA would be used for rewarding the participants. The users who had made losses in the virtual trading would be able to withdraw their entry fee, thus making the protocol lossless. All the profit earners would be rewarded based on their profits, on top of the guaranteed return of entry fee.