🔄Interacting with Pads

PAD Creation

• Anyone can create a PAD, and there are no protocol fees for , creation.

• PAD creators set predefined fees for wrap and unwrap transactions.

Wrapping:

• Wrapping involves minting new PAD tokens by depositing collateral into the PAD.

• The PAD is immediately rebalanced from the provided collateral, ensuring 100% collateralization.

• PAD tokens are minted to the user's wallet during the wrapping process.

Unwrapping:

• Unwrapping is the process of removing PAD tokens from circulation and the corresponding collateral from the PAD.

• Anyone holding PAD tokens can unwrap at any time or trade them on liquid markets.

LP & Stake to Earn:

• LPing (Liquidity Providing) involves adding liquidity to the incentivized PAD's liquidity pool with a 1:1 ratio of PAD tokens and a pre-defined paired asset.

• LPs (Liquidity Providers) can stake their LP positions to earn a portion of fees defined by the PAD creator.

PAD Verification

• PADs can be created by any user with any combination of assets and weights.

• Verification adds an extra layer of validation, indicating that the platform has conducted due diligence and considers the PAD safe within certain bounds.

• Verification doesn't guarantee market dynamics but provides minimal assurance for potential investors.