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} | ||
\makeatother | ||
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\title{Melon protocol: A Network Protocol for Digital Asset Management Strategies \\ {\smaller \textbf{Draft}}} | ||
\title{Melon protocol: A Protocol for Digital Asset Management Strategies \\ {\smaller \textbf{Draft}}} | ||
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\author{Reto Trinkler} | ||
\email[Reto Trinkler]{[email protected]} | ||
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\begin{abstract} | ||
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The Melon protocol is a network protocol for digital asset management on the Ethereum platform. It enables participants to set up, manage and invest in digital asset management strategies in an open, competitive and decentralised manner. | ||
The Melon protocol is a protocol for digital asset management on the Ethereum platform. It enables participants to set up, manage and invest in digital asset management strategies in an open, competitive and decentralised manner. | ||
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\end{abstract} | ||
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@@ -132,7 +132,7 @@ \subsection{Modules}\label{sub:modules} | |
\item[Registrar] Links assets to price feeds to trading. | ||
\item[Functionality] A way to build assets specific functionality. | ||
\item[Price Feeds] Provide a price for an asset by taking one or several data sources into account. | ||
\item[Exchanges] On-chain marketplaces such as EtherEx\cite{etherex} or Maker-otc\cite{maker-otc}, where one or a set of assets can be traded. | ||
\item[Exchanges] On-chain marketplaces such as EtherEx\cite{etherex} or Maker-Market\cite{maker-market}, where one or a set of assets can be traded. | ||
\item[Trading] A set of rules on how trading is permitted. | ||
\item[Management Fee] A gross asset value (see appendix \ref{app:defgav}) independent payment for the Portfolio Manager. | ||
\item[Performance Fee] A gross asset value (see appendix \ref{app:defgav}) dependent payment for the Portfolio Manager. | ||
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\item Share price is \textit{relatively} independent of investments and withdrawals made. | ||
\end{itemize} | ||
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Shares will be represented by a smart-contract following the Ethereum token standard\cite{tokenstandard}. Thus they are fungible and tradable on exchanges such as EtherEx\cite{etherex} or Maker-otc\cite{maker-otc}. Furthermore, Portfolio Managers can hold and manage shares of other portfolios. | ||
Shares will be represented by a smart-contract following the Ethereum token standard\cite{tokenstandard}. Thus they are fungible and tradable on exchanges such as EtherEx\cite{etherex} or Maker-Market\cite{maker-market}. Furthermore, Portfolio Managers can hold and manage shares of other portfolios. | ||
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Shares also reflect ownership of the portfolio, where the formula of ownership is the following: | ||
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In addition, all of the Melon protocols' smart contracts are open-source\footnote{They are published under \url{https://github.com/melonproject}.}. | ||
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In conclusion, the Melon protocol is an open-source network protocol. Portfolio track-records and performances are visible and auditable by everyone. | ||
In conclusion, the Melon protocol is an open-source protocol. Portfolio track-records and performances are visible and auditable by everyone. | ||
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\section{Competitive}\label{sec:competitive} | ||
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\section{Conclusion}\label{sec:conc} | ||
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The Melon protocol proposed a network protocol for digital asset management on the Ethereum platform. It enables participants to set up, manage and invest in digital asset management strategies in an open, competitive and decentralised manner. | ||
The Melon protocol proposed a protocol for digital asset management on the Ethereum platform. It enables participants to set up, manage and invest in digital asset management strategies in an open, competitive and decentralised manner. | ||
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\section{Acknowledgements} | ||
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