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1.7 KiB
1.7 KiB
Hermes Roadmap
MVP
The Minimal Viable Product's goal is to showcase that non-custidial CFD trading on Bitcoin is possible.
Scope
Roles
- Taker: Cannot create and publish orders, but just takes what is published by a Maker
- Maker: Can create and publish orders
- Oracle: Signs and publishes attested prices at specific points in time
In scope
For the MVP there is only one Maker that takes the short side and creates orders. The maker does not do any automation. The maker dictates the price.
A user is always in the role of a taker.
The user has a simple user interface and can take the maker's order there.
The taker can specify a quantity, the leverage is fixed to x2.
For the MVP the leverage is fixed to x1 for the maker.
The oracle is needed for attestation of prices at a certain point in time.
The oracle is to be run by a separate party that is neither the taker nor the maker.
Overview sequence diagram:
Constraints:
♻️ ... expected to be reusable for later iterations
- ♻️ Protocol: Non-custodial using DLCs
- On-chain (testnet)
- Software Setup
- Taker
- Local running daemon that exposes API + web-interface for UI
- Can take an order (represents the long side)
- Specify quantity
- (fixed leverage of
x5)
- Maker
- Can create an order (represents the short side)
- Sell order publication is done manually
- Take requests are accepted manually
- ♻️ Oracle
- Taker
Out of scope
- Anonymity
- Orderbook
- Multiple makers