Centaur Finance

Centaur- is a pioneering project in the decentralized financial space that acts as a bridge between the traditional financial space and the decentralized financial world. The project supports important blockchain functions, while at the same time using fault-tolerant elements of centralized systems.

Centaur creates a comprehensive product suite dedicated to DeFi solutions. These solutions include wallet, decentralized exchange and blockchain, which are intended for both individuals and corporate users. Centaur products:

Hadar

The Hadar wallet is built to enable a streamlined user onboarding process, regardless of their level of experience. It is multi-chain compatible and is planned to seamlessly integrate with DeFi solutions such as decentralised exchanges and lending protocols.

Many popular crypto wallets are tailored to only hold a handful of cryptocurrencies and can only accommodate one address each, and those which allow users to generate multiple addresses from a seed phrase often have complex usage requirements. Centaur is seeking to remedy this through creating a secure multi-asset, multi-address wallet with an easy-to-use user interface. The seed phrase of each user is securely encrypted with a password and stored a centralised server. This allows the seed phrase to be swiftly retrieved and verified when wallet users wish to create a new address for their wallet.

Centaur Swap

Centaur Swap uses oracles and delayed settlement structures to enable single-side staking while eliminating impermanent losses and enhancing the efficiency of liquidity across all pools. It allows for greater flexibility for liquidity providers by maximising exposure to their preferred asset. For larger transactions, slippage is kept to a minimum and often lower than comparable platforms due to an innovative curve design.

The advent of decentralised exchanges (DEXes) was a watershed moment for the DeFi space, with DEXes becoming the main method of providing liquidity to DeFi markets and usurping traditional order books in terms of efficiency. However, as with any new technology, existing DEXes have evinced considerable shortcomings.

Slippage occurs when traders submit a sell or buy order on an exchange and their order is regrettably executed at a lower or higher price than their expected price due to a lack of liquidity. Additionally, contemporary DEXes are struggling with the problem of impermanent loss, which occurs when the price of a pair of tokens a user chooses to deposit into a type of a DEX called an automatic market maker (AMM) diverges either upwards or downwards. This loss is theoretically impermanent because the loss disappears as soon as the relative prices of your tokens return to their original value. This is unfortunately rare in real life and impermanent loss often becomes permanent.

USING CENTAUR SWAP

TRADERS

Low Slippage. Traders will enjoy low slippage (due to liquidity maximisation) and liquidity comparable to centralised exchanges.

ARBITRAGEURS

Arbitrage Profits. Arbitrageurs are incentivised to rebalance off-balanced liquidity pools by making a profit from a difference between the Internal Price and External Price[1].

LIQUIDITY PROVIDERS

Single-side Staking. LPs can choose to stake only one token which will prevent unnecessary exposure to other tokens.

High Returns. All tokens swaps will be charged a trading fee. LPs will receive a share of the trading fees that is proportionate to their share of the liquidity pool, if the trading fees results from a swap into the pool where they have staked their tokens. LPs will also receive a portion of the returns generated from the liquidity that has been lent or staked on other DeFi platforms.

No Impermanent Loss. The use of price oracles and the incentivisation of arbitrageurs will ensure that the risk of impermanent loss is kept to a minimum.

Centaur Chain

Centaur Chain focuses on onboarding financial institutions and catering to CeFi use cases. With the support of strategic bridges across other protocols, whether they be Cosmos-based blockchains, EVMs or other native chains, it can serve as an on-ramp to the greater crypto-ecosystem for traditional finance.

Centaur Chain was originally conceived as a communication and settlement layer between multiple blockchains. To achieve this, a network of oracles will be established to feed data from other chains onto Centaur Chain.

Recent advances in blockchain technology has brought significant changes to how blockchains communicate and share data with each other. This is usually conducted through the use of oracles and keepers, which would render the use of Centaur Chain as a settlement layer less relevant.

In line with these developments, the Centaur Chain is now designed to allow users to seamlessly swap tokens across different blockchain protocols. Centaur Chain will still exist as settlement layer but is now targeted primarily at institutional and traditional finance users, allowing for use cases such as remittance, micro-loans and payroll to be deployed on Centaur Chain.

CNTR Tokenomics

Token Standard

Tokens being transferred out to external protocols will be locked by the Centaur Bridge, and later be released when they are transferred back onto the Centaur Chain. This will allow investors to connect to multiple external platforms with ease and keeps the supplies of both versions of the CNTR token constant: pre-existing CNTR ERC-20 tokens can be bridged into the newer CNTR native tokens, and vice versa. Once the Centaur Bridge goes live, CNTR holders can delegate their tokens to any available mainnet validators and Centaurians who are familiar with the process of setting up validator nodes can also do so. CNTR token delegation contributes to the overall security of the mainnet, although the CNTR native token is needed for staking on its validator nodes.

Distribution

Centaur concluded a fundraising round in October 2020 and CNTR was minted and locked up in vesting contracts (for a list of contract addresses, please refer to this article). The distribution and vesting schedule is as follows:

• 38.13% — Ecosystem (4-year vesting schedule)
• 20% — Reserves (4-Year vesting schedule)
• 10% — Team (3-year vesting schedule with a 9-month cliff)
• 5% — Advisors (3-year vesting schedule with a 9-month cliff)
• 14.38% — Private Sale (1-year vesting schedule)
• 11.11% — Seed (10-year vesting schedule with a 1-year cliff)
• 1.39% — Public Sale (released upfront with voluntary 1 month vesting schedule)

Roadmap

Headings have been included for reference:

• [CS] — Centaur Swap and/or WHEY
• [CC] — Centaur Chain
• [H] — Hadar

What is WHEY

WHEY is the governance token for Centaur Swap and operates on a fair-launch structure

In future, WHEY holders will be able to vote on decisions relating to Centaur Swap, such as the onboarding of chains, deployment on other protocols and adjustments of transaction fees.

Centaur website: https://cntr.finance/

CNTR at coinmarketcap: https://coinmarketcap.com/currencies/centaur/