Adds Liquidity
Base upon net assets value (NAV)
New shares distributed
Removes (partial) Liquidity
Positions removed
Shares redeemed
Multiple Pools
Multiple pools on moneyness, maturity,
Call/Put or Buy/Sell products
ZLM
Triggering
ZLM acts in when
Maintenance Margin
Ratio falls
Incentives
Liquidators are
incentivized to add
liquidity
Raise MR
Margin Ratio rises to
safety line
Bonus Shares
Bonus shares are
rewarded to
liquidators upon
providing liquidity
Dilution
Existing LPs now hold
fewer shares due to
dilution
NAV unchanged
Bonus shares offered
and the diluted shares
neutralize each other
Stability
A healthy and stable
pool is maintained
Team
RoadMap
2022 Q2 / ONGOING
2022 Q4
2021 Q3 / COMPLETED
2022 Q3