Qilin Protocol
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Qilin Protocol
Introducing Qilin
Protocol Overview
Ecosystem Participants
Oracles
Fees
Risks
Terminologies
BNBChain
Qilin V2 BNBChain
Contracts
QilinV2Factory
QilinV2Pool
QilinV2Router
User Instructions
Wallet connection
Create a liquidity pool for a trading pair
Add liquidity
Trading
Liquidations
Debt market & Debt Redemption
FAQ
Generals
Liquidity
Oracles
Funding rate
Fees
Trading
Layer 2
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GitBook
Debt market & Debt Redemption
The liquidity debt model allows the liquidity pool to issue debt when the
liquidity safety factor
is crossed.
Step 1: debt trigger
When the liquidity pool takes a loss of over 50%, closing and adding liquidity will trigger debt issuance.
Users receive partial profit and debt token when closing positions.
LP receives partial LP token and debt token when adding liquidity.
Step 2: Debt redemption
When liquidity pool recovers in profitability, debt token holders can redeem pool token.
Redeem debt on the "My Debt" page
Redeem debt during removing liquidity
User Instructions - Previous
Liquidations
Next - FAQ
Generals
Last modified
5mo ago
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