General FAQ

What is Poseidon and Why do we build Poseidon？

Poseidon is a decentralized, cross-chain financial protocol built on Findora that can preserve user privacy yet is capable of being audited and working within regulations. It offers privacy-preserving financial instruments [ or zk-instruments, maybe that is better?] such as “confidential contracts” that encrypt inputs, outputs, and state data. Trade, lend, and control your personal information across multiple blockchain ecosystems.

Built on the principles of interoperability and privacy, Poseidon provides the foundation for an open & accessible financial system in the future.

The Poseidon Liquidity Market (PLM) protocol enables users to effortlessly lend, borrow, and earn interest with their digital assets. Depositors who provide liquidity can earn passive income, while borrowers can take out over-collateralized loans.

Why do we choose Poseidon？

First Lending Protocol on Findora Built on the principles of usability and privacy, Poseidon is the first money market protocol to capitalize on the Findora ecosystem.

Community Oriented Tokenomics Mechanism DON features a community-oriented design – 50% of DON tokens are allocated to yield farming for the long-term sustainability of the protocol.

Pioneering Permissioned DeFi & PriFi Poseidon leverages cutting-edge cryptographic algorithms, including Bulletproofs and Turbo-plonks to support private lending and borrowing for both institutional and individual users.

Multi-chain Vision Poseidon is integrated with multiple bridge partners to enable trustless and permissionless cross-chain transactions, providing programmable & composable privacy solutions to other ecosystems.

What’s native token of Poseidon?

DON is the native token of Poseidon Finance. The total amount of DON issued is 100,000,000

Can you introduce the tokenomics of DON?

The total amount of DON issued is 100,000,000 Distribution plan: DON allocation: POSE LP liquidity mining 50%, exchange liquidity 4%, strategic investors 5%; borrower incentive 20%, FRA pledge incentive 10%, IFO 5%, marketing 3%, team 3%

Unlock cycle: DON LP - will be released linearly to DON-FRA liquidity providers within 1 year Borrower incentives - will be linearly rewarded to DON related asset loan pool providers within 2 years FRA pledge incentive - 3% of which will be airdropped to FRA pledgers at startup (for airdrop time, please refer to Findora mainnet block height snapshot); the remaining 7% will be released linearly to FRA pledgers within 2 years (refer to Findora mainnet Block height allocation, e.g. weekly snapshots of 100,000 blocks) Strategic Investors: 6-month lock-up, followed by 24-month linear release Team - 6 months locked, followed by 24 months of linear release

What’s the Technical principle about Poseidon?

Stage 1: Enabling Traceability Removal For Deposit and Withdrawal

With the integration of Yellow Submarine SDK， users will be able to deposit to and withdraw from Poseidon without any 3rd-party being able to trace the addresses they used. The ZKP operations underneath ensures the addresses at the two ends cannot be linked.

Stage 2: Enabling Frontrunning Prevention

With the use of low-complexity and low-cost Bulletproof for simple amount hiding, users will be able to ensure their order is no longer vulnerable to the Frontrunning issues.

Stage 3: Full Privacy Protection with address masking

With the advanced plonk verifier, users will be able to ensure everything in their order is protected.

What are the Core Products on Poseidon?

Poseidon provides a suite of DeFi products on a highly scalable and decentralized platform designed to alleviate the stress on the Ethereum chain:

Lending Pool Mining rate Borrower's Equity Privacy Lending

With a focus on privacy, ease of use, and low fees, Poseidon aims to democratize access to decentralized financial products by providing users access to:

Permissionless lending and borrowing where DeFi users can: Instantly supply to and withdraw liquidity from a shared liquidity market Instantly borrow from a liquidity market using their supplied assets as collateral Have a live and transparent view of interest rates around the clock based on the asset's market supply and demand

Lending model

Interest rates are dynamic and are calculated based on the utilization of a given market (how much of the supplied liquidity is available vs. borrowed). Poseidon Lend's interest model follows Compound Protocol's Jump Rate model.

Stablecoin 85% Marketing：USDT⇄pUSDT、BUSD⇄pBUSD Popular coins 65% Marketing：ETH⇄pETH、BNB⇄pBNB Ecocoin 90% Marketing：FRA ⇄ pFRA、FAIRY⇄pFAIRY