Catalog AMA — April 2022

What is the fee structure for swaps executed on Catalog’s native pools? How does it benefit Darknode Operators and CAT holders? (Ex a BTC<->ETH swap)

What will be the total supply and utility of the $CAT token?

  • They are emitted as rewards for depositing funds into your Catalog account.
  • Users can multiply their yield percentage by staking $CAT tokens for a fixed period of time. The multiplier increases with staking more $CAT tokens or staking for a longer period.
  • Users can get a discount on transfer fee by paying with $CAT tokens.
  • Users can purchase premium .cat names using their $CAT tokens.
  • New token listing requests require a fixed fee charged in $CAT.
  • $CAT token holders control the emission weights for various cross-chain pools. Token holders can choose and fund the assets they think would create the most amount of fees for the tokens emitted.
  • Staked $CAT tokens can be used to participate in governance in the place of tokens that are provided as liquidity in Catalog. This is called meta governance, as people can participate in the governance of multiple projects by just holding $CAT tokens. For example, a $ROOK → $BTC pool can be created on Catalog, where the $ROOK on Catalog can be used to participate in KeeperDAO governance. The combined voting power of Catalog’s $ROOK liquidity is controlled by $CAT token holders.

What’s Catalog’s stablecoin approach?

Can you expand on Catalog and MEV?

Will Catalog support burn-and-swaps?

Does Catalog run completely on Ren Mainnet?

What are Catalog’s goals/objectives when it comes to competing in the AMM space?

  • Users are protected from Impermanent Loss. IL is one of the biggest financial and UX challenges for AMMs. How we handle IL is explained above in Q1.
  • Catalog can act as the AMM aggregator of the multichain. Jaz explains an example trade in his tweet. Catalog doesn’t try to reinvent the wheel again by creating liquidity pools that already exist. So, it utilises the power of native chain DEXes (DEX aggregation) to execute the native chain parts of the swap. With native liquidity sorted, Catalog places its focus on creating cross-chain liquidity pools with the power of RenVM. The combination of Catalog’s DEX aggregation and in-house cross-chain pools makes it possible for users to trade any asset across all supported chains.
  • Liquidity provision is single-sided and also completely automated. It doesn’t require any actions from users — users earn LP rewards (yield) from the moment they deposit funds into the Catalog account.

Will Catalog support limit orders? If not initially, is it in the roadmap?

How does a login to a metaversal account typically work?

What solution/mechanism will allow users to connect directly to a bank account?

Dark Catalog: Destroyer of Traditional Finance



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