Cryptoeconomic model that provides network effect, stable
liquidity, and high availability for the ecosystem. Includes
proof of liquidity commitment, liquidity backing auction, and
state guardian network.
Proof of Liquidity Commitment (PoLC)
PoLC is a virtual mining process that acquires abundant
liquidity for the off-chain ecosystem. Participants commit
(lock) their idle liquidity (e.g., ETH) to a “dumb box” called
Collateral Commitment Contract for a certain period of time with
CELR token rewarded.
Liquidity Backing Auction (LiBA)
LiBA enables off-chain service providers to solicit liquidity
through “crowd lending”. Lender priorities are determined by the
interest rate, the amount of provisioned liquidity, and the
amount of staked CELR token (indicating their past contributions
to the ecosystem).
State Guardian Network (SGN)
SGN is a special compact sidechain that guards the states when
users are offline so that the users’ states are always available
for dispute; and provides connectivity oracle services to simply
the on-chain dispute process. Guardians need to stake their CELR
into SGN to earn guarding opportunities and service fees from