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55 lines
1.7 KiB
55 lines
1.7 KiB
3 years ago
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# Hermes Roadmap
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## MVP
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The Minimal Viable Product's goal is to showcase that non-custidial CFD trading on Bitcoin is possible.
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## Scope
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### Roles
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- **Taker**: Cannot create and publish orders, but just takes what is published by a Maker
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- **Maker**: Can create and publish orders
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- **Oracle**: Signs and publishes attested prices at specific points in time
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### In scope
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For the MVP there is only one Maker that takes the selling side and creates sell orders.
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The maker does not do any automation.
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The maker dictates the price.
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A user is always in the role of a taker.
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The user has a simple user interface and can take the maker's order there.
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The taker can specify a quantity, the leverage is fixed to `x5`.
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For the MVP the leverage is fixed to `x5` for both sell and buy orders.
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The oracle is needed for attestation of prices at a certain point in time.
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The oracle is to be run by a separate party that is neither the taker nor the maker.
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Overview sequence diagram:
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Constraints:
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♻️ ... expected to be reusable for later iterations
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- ♻️ Protocol: Non-custodial using DLCs
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- On-chain (testnet)
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- Software Setup
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- Taker
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- Local running daemon that exposes API + web-interface for UI
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- Can take a sell order (represents the buy side)
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- Specify quantity
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- (fixed leverage of `x5`)
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- Maker
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- Can create a sell order (represents the sell side)
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- Sell order publication is done manually
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- Take requests are accepted manually
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- ♻️ Oracle
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### Out of scope
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- Anonymity
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- Orderbook
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- Multiple makers
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