Leverage & 1by1

Published in

TimviOfficial

3 min readAug 18, 2020

Currently several decentralized token exchanges (DEX) operate globally. Regardless of underlying operation principles, none of them can offer conversion at the 1 by 1 rate. One at least will have to pay the transaction fee and the network fee. Also, depending on the transaction amount, the slippage risk (rate fluctuations) may arise which is particularly tangible in low liquidity volumes most defi projects face at the start.

To remedy for the issue, Timvi team devised a simple yet solid solution. Our Leverage and 1by1 p2p services are designed to protect you from slippage. What’s more, Timvi’s socially-oriented model eliminates all additional transaction fees.

Essentially, Leverage and 1by1 are two names of the same service seen from the two sides. Leverage is for users who need a loan in ETH against a collateral in the same currency, that is, in ETH. It is an actual leverage that allows you to borrow up to 0.86 ETH against a security of 1 ETH without any fees for using the loan or for the transaction itself.

As p2p services involve two parties, there is the other side of the transaction represented by 1by1 service. It enables users to buy TMV at a stable rate fixed at $1 for their ETH. It is very convenient as there are no additional fees and the TMV rate does not depend on the transaction amount.

Let’s look into Leverage and 1by1 p2p services and see what happens inside the smart-contract.

Let’s assume that Donald (User1) is certain that ETH will rise. So, he would like to boost his ETH holding. He creates a request in Leverage and specifies how much ETH he is ready to offer as a collateral or the amount of ETH he would like to borrow (ETH debt); he also configures the Loan to value parameter.

For Maggie (User2) his request is displayed in 1by1 as an option to buy TMV at a fixed rate. Note that after completing the transaction, Donald will also get a TBox with the collateral and LTV (loan to value) he specified in the request. On the other side User2, Maggie, becomes able to convert her ETH to TMV. ETH will then immediately go to Donald and TMV issued by his TBox will immediately go to Maggie.

The screenshot below shows how transaction confirmation looks for Maggie.

Maggie can also create her own request in 1by1. She then will have to specify either the required amount of TMV or the amount in ETH she is ready to sell.

This transaction request will then appear in Leveral where Donald will be able to pick it and confirm by specifying his settings.

If there were no such p2p services, Donald might create a TBox, withdraw TMV from it and convert it to ETH. Maggie could simply buy TMV. But with p2p services both Donald and Maggies can get what they need at a stable rate without leaving the TMV portal or paying third-parties fees.

Info:

TMV contract address: 0x5abfd418adb35e89c68313574eb16bdffc15e607

GTMV contract address: 0xfc9B8F57c6fab17Eca3456AFA5a27103083a85e4

Pools: