Derivative Tokens

All derivatives (LONG and SHORT) and Liquidity tokens are different IDs of a single ERC-1155 token. Token ID is encoded in the following format:

ID = 0x##a...a

Where 0xa...a is its pool address, and 0x## is the side code of the token in the pool:

• 0x10: LONG side

• 0x20: SHORT side

• 0x30: Liquidity Provider side

Each token ID can only be minted and burnt by its pool.

The ERC-1155 token standard is deployed with 2 extensions: Timelock and Shadow.

Maturity: an implementation of ERC-1155 that tracks a maturity time after an amount of token is minted. (See Maturity for more details)

Shadow: an extension of ERC-1155 that allows any of its IDs to deploy a Shadow ERC-20 token with its contract address for DeFi composability. Each Shadow contract can be deployed by anyone, anytime, and it shares the same balance and transfer behavior with the original token ID after being deployed.