The re-pledging of assets Model

The unique re-pledging model utilised within the HyperExchange enables the generation of complicated trading logic through the use of smart contracts.

  1. Collateral assets provided to Citizens by Tourists can be re-pledged through smart contracts to other users, to provide them with the ability to participate in financial services on the chain, such as collateralised loans.

  2. Assets cannot be re-pledged more than once at a time.

  3. Tourist A has previously pledged assets to a Citizen. Tourist A can borrow an asset from Tourist B, by re-pledging their pledged assets through a smart contract. If Tourist A breaks the contract, or does not have sufficient funds for remittance, the assets Tourist A re-pledged will be automatically deducted, to make a sufficient payment to Tourist B.

  4. When Tourist A re-pledges their assets to a Citizen, the rights to block rewards and distribution rewards from these assets still belong to Tourist A until payment is made.

  5. The specific borrowing contract logic is implemented in smart contracts. Tourists can also develop versatile financial derivatives contracts.

The method for re-pledging assets to Citizens is as follows:

Sources