Takaturn 2.0
  • Takaturn Phase 2 - Plug In feature upgrade - Yield Generation and UI Feature Enhancements
  • Takaturn on the blockchain
  • Takaturn Smart Contracts
  • Terminology
  • Takaturn 2.0 Enhancements
  • Yield Generation (YG)
  • Yield Generation In the context of Takaturn 2.0
  • Liquidity Provisioning in terms of crypto & Takaturn 2.0 explained
  • Impermanent Loss in the context of Takaturn 2.0
  • Factors affecting Yield Generation
  • Collateral (Security Deposit) Management
  • Turn Group possible Outcomes
  • Default in a Turn Group
  • Partial Withdrawal
  • Collateral Management
  • User Account Management Enhancements
  • Term Management Enhancements
  • The Next Steps
  • Appendix 1
    • Illustrations
  • Appendix 2
  • Appendix 3
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Takaturn 2.0 Enhancements

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Last updated 1 year ago

Takaturn 2.0 Enhancements - to be illustrated using examples in sections to follow

Takaturn 2.0 will include the following significant product enhancements in the categories of User Experience, User Term Management and Collateral (security deposit) Management. These enhancements have been innovated to make the Takaturn protocol more secure for users. These enhancements are as follows:

  • Yield Generation - participants will have the option of staking their collateral security being held in the Takaturn collateral VAULT smart contract into a offering that will generate a yield (return on investment) for their benefit.

  • Money Pot - As an additional security feature the money pot can be frozen should the collateral security conditions regarding the RCC prevail. A frozen MP will be released once the collateral and RCC conditions are normalized within the term of the turn group.

  • Remaining Cycle Contributions - This is directly related to the additional feature above. With ETH collateral security at 1.1 times and greater of RCC, MP beneficiaries are eligible for the MP when it is their turn. Should a participant's collateral security fall between 1 and 1.09 times their RCC, their MP will be frozen.

  • Partial withdrawals - based on fair to good user behavior (meeting member obligations in a turn group) Takaturn 2.0 accommodates members who may become overcollateralized over the term of the turn group and allows such members access to the overcollateralized portion of their collateral security plus any yield generated on that portion over the term in which it was staked.

  • Onramp through - The integration of Alchemy Pay into Takaturn 2.0 enables users the ability to onramp to the protocol by converting FIAT currency to crypto currency and off ramp the protocol at the end of turn group term, if they choose to.

Other enhancements related to Sign up through referral, Informing data collection and Profile Pictures will also be addressed later on in this paper.

All of these changes will be illustrated in this paper through examples.

liquidity staking
Alchemy Pay