πŸ“‡Mechanisms

Position Container

The Bitoro Protocol manages a set of smart contracts representing its users’ open trading positions on underlying DEXs. When a users creates a trade on the Bitoro platform, a position container is created through Bitoro’s aggregator. The users supply the position container with the margin, and the container opens a position on the DEX(s) which provide(s) the lowest trading cost. From the perspective of the underlying DEX(s), the position container is the trader opening the position.

Position Routing

Position routing is a complex endeavour reliant on comparing the composite costs of opening the position on different DEXs. The composite cost of a trade is influenced by various factors of the underlying DEX. These factors include but aren’t limited to price, spread, slippage, liquidity depth, leverage, margin requirements, and position opening/closing fees. Bitoro’s aggregator finds the optimal route for trades, ensuring that its user’s get the maximum utility from their liquidity.

Bitoro Platform

The Bitoro platform is a web application which provides an intuitive interface for traders looking to gain exposure to perpetual contracts. It is a single hub for accessing the fragmented liquidity in the perp market through our orderbook and AMM aggregator. In addition to providing access to the entire perp market, traders will be able to earn Bitoro points which articulate to Bitoro tokens, participate in governance proposals, and enjoy a seamless trading experience.

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