Topos is a public protocol that governs distributed networks of physical proxies around the world, delivering banking and financial services, digitizing cash, and giving the masses direct access to DeFi
SEE, the Topos bonding surface, is a key gateway to the Topos ecosystem that allows network participants to stake their assets and earn rewards for backing cash-based positions like loans, mortgages and account deposits.
SEE, the Topos bonding surface, is a key gateway to the Topos ecosystem that allows network participants to stake their assets and earn rewards for backing cash-based positions like loans, mortgages and account deposits.
An end-to-end infrastructure to extend banking services to anyone, globally
Where cash is bridged to crypto, and vice versa. The Topos protocol connects and governs a decentralized network of physical hubs, i.e.proxies, that operate as last mile nodes, on and off-ramping cash and extending DeFi services everywhere in the world.
An overarching mechanism to manage liquidity balances across the network and provide real-time transparency on all assets held in the system. The ability of each proxy to operate in the network is represented on-chain and adjusted dynamically based on the overall system liquidity available.
Through real-time algorithmic adjustments, the protocol creates additional incentives to participants where and when needed, taking into account the current state of risk and liquidity in the network. Incentives are distributed to participants, among other mechanisms, through the Topos native token TPG - a claim on the value created within the ecosystem, for contributions to the network such as:
Provision of cover
Participation in the sharing of higher levels of risk
Promotion of the growth & stability of the network
Topos’ on-chain pools are designed to store, tranche, and grow the value that is exchanged among network participants in the network itself, and to optimize network processes regardless of the specific underlying risk, asset or transaction. Each pool is connected to underlying investment vaults that optimize capital efficiency while excess cover is idling.
A risk insuring pool, funded by network participants and accounted for in stablecoins.
Assets can be injected into or withdrawn from this pool through the Topos bonding surface by minting or burning TPG, respectively. Value stored in this pool represents the Topos capital available , and is impacted by all minting and burning activities, as well as the passive price dynamics of the underlying assets within the pool.
Assets in this pool are used to insure various network risk positions, most prominently the total cash-at-risk. The requirement for capital is adjusted in real-time based on several factors, such as new value entering or leaving the system, or dynamics in the capital required based on the network’s total risk exposure. For capital efficiency reasons, any Ca in excess of Cr is put to work either in Topos’ investment vaults or the asset pool.
A dedicated pool that accounts for every asset - on or off-chain - injected by the network participants. Such assets comprise, among others, the sum of custodial wallet holdings, all loan books, any excess liquidity from the capital pool and profit from tender management.
The reserve pool captures a fraction of the value created in the network and dedicates it to the betterment of the ecosystem and targeted incentivization of participation in the network.
The fractional contributions to the reserve pool stem from the margin between the TPG mint and discounted burn prices, captured and allocated to the reserve pool from the released funds. This mechanism also serves to shield TPG from speculative high-frequency trading.
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