Proof of Position

Alpha Voucher participates in the financing party's cheque validation process through Position Token.

Preconditions

  • Participant Role: Alpha Broker

  • Long Position Asset: Position Token, Powers (optional)

  • Short Position Asset: Synbo Token

Participation Rules

  • Guaranteed Position Amount: Each financing cheque sets a minimum cumulative guaranteed position amount based on the financing amount. The financing party can set a maximum cumulative guaranteed position amount to limit participation, with a default maximum of 200%.

  • Lifecycle: Each check has a 2+3 day lifecycle. During this period, Alpha Brokers can take long positions or exit them at any time, or take short positions or exit them using Synbo Tokens. After the 2+3 days, if the total collateralized positions exceed the minimum cumulative collateral requirement, the fundraiser gains withdrawal rights to 40% of the check amount.

  • Decision Outcome: Upon successful decision, the financing party can commence distributing the financing tokens held in the protocol's custody. Alpha Broker has the right to participate effectively in distribution. If not participating but distribution succeeds, they can earn dividends based on their ability to lead orders. Alpha Broker must backstop their own share.

  • Significant participation in Position Token requires more Power to ensure fairness and restrict the financing party's ability to manipulate the market.

Specific Steps

  1. Acquiring Position Token:

    • Obtain through providing liquidity.

    • Acquire via Synbo Token swaps.

  2. Participation Process:

    • Synbo Protocol's consensus decision-making process supports interactions between long and short positions, promoting market-driven and democratized investment behaviors.

    • When participating in decision-making proofs, substantial decision-making funds require bolstering with Power.

    • Following decision failure, users may exit decision proofs to release decision-making funds.

    • Upon decision success, users must await distribution completion to settle decision-making dividends and receive dividend income.

  3. Users can subscribe to professional investors, skipping position proofs and directly following subscriber orders to reduce independent investment risks.

Liquidation Dividends:

  • Upon decision failure, directly release guaranteed Position Tokens, etc.

  • Upon decision success, await successful distribution of financing tokens for liquidation and bonus dividends.

  • Dividends use leading order algorithms, with higher underwriting of distributions yielding greater dividend returns.

Support for Professional "Expert" Privileges

  • For more details, refer to the specific cheque financing provider's detailed settings.

Risk Advisory

  • Uninvolved cheques are independent of other Position Tokens' success or failure, mitigating concerns of collateral losses.

  • Regardless of cheque outcomes, even if the financing party acts in bad faith, Beta Miner benefits from transactions.

  • When participating as Alpha Voucher in cheques, maintain risk-awareness and consider the potential for the financing party's lack of integrity.

  • When upgrading to "expert" status for professional lead orders, understand the impact on subscribers and protect one's reputation to maximize subscription revenue.

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