EVO Protocol: A Brief Overview

Given enough liquidity (assuming frequent transactions) GasEVO has a way to compute the exchange rate towards the base instrument (ETH). Like this, movements of the bigger or significant volumes can be interpreted as market trends (i.e. higher gwei pricing.)

EVO Contracts work for almost any ERC20 asset. GasEVO is the reference implementation of the protocol specification. Think of it as a generalized “add-on”, much like how Liquidity Provider tokens are minted for exchanges (e.g. Curve, Uniswap, etc).

By utilizing volume movements and disincentivizing the larger (bulge bracket) ones without compensation, holders of the token are tracked by the smart contract and higher “interest” fees are applied. These fees are distributed to all the addresses.

This graphic illustrates volatility on uniswap. An example could be trades anywhere along the red line. The green line is the transfer rate for that period. Therefore the area between the red and green lines are the fees collected and distributed to all the depositors for that EVO contract (they get paid in the underlying ERC20 asset).

Graph showing volatility on uniswap
https://www.desmos.com/calculator/uaudoeofse

Transference of funds below daily volume threshold does not impose any interest fee (the green line).

When the threshold has been exceeded some percentage of tokens gets burned, for the transfer, for deposit or for withdraw of the base instrument (ETH).

Thresholds are tracked individually per address as the average rate and have a function by which they operate on.

Any governance token will be distributed to those who participate in testing. You may not buy any governance token (there is no presale, nor token sale).

Contract Deployment on Rinkeby below

Whitepaper

Telegram: https://t.me/freighttrust

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