The Token
Derivation Engine

Itos, the core protocol, is a collection of producer smart contracts that all talk to one portfolio management (PM) contract through a standard interface. It is the unique combinations of these producers which the PM allows that creates the suite of protocols. For example, the non-liquidating money-market is simply the 2sAMM and a normal money market working in tandem. Anyone can build producers to integrate with the Itos Core.

This is one of Itos's biggest innovations. A few teams in defi have recognized the importance of creating negative liquidity positions. The 2sAMM is a new AMM that allows exactly that and it's the first to do it entirely on-chain with a simple fee structure. These negative liquidity positions act like synthetic options. The Itos PM allows us to combine those negative liquidity positions and normal liquidity positions to create any payoff structure a user might want. If you're interested in learning more, check out our white paper.

The most important question of using any protocol. While we have off-chain monitoring and liquidators, the protocol doesn't depend on any off-chain components and is entirely in smart contracts. This means the only technical risks are smart contract risk and oracle risk in the PM. To combat smart contract risk any contract holding assets is thoroughly audited and tested. To combat oracle risk, our PM slowly transitions to an oracle-free design over time. As for specific protocols, they share the Itos Core so they also get to share its security. Otherwise there is always financial risk depending on the protocol so be sure to understand the investment vehicle you're using first.

The Itos Core makes protocol development so fast and easy we decided to do a few ourselves to show the world how powerful it is. To be honest, Itos is pretty complicated and without concrete examples users might not understand its full capabilities. We were personally excited by all these use cases and didn't want to wait so we built it ourselves.

Our protocols are definitely more advanced than most so we'd recommend it to Defi users who already feel comfortable with the basics of Defi: Liquidity Provisioning, Borrow-Lending, Perpetuals and Staking. If that sounds like you and you're ready to upgrade your investment portfolio, come check out Itos!

Our first priority is to deliver value to our users. Once that value is established, we will launch a token with clear value accrual. Our mainnet launches should wrap up in Q2 2024 and if all goes well, a token soon after.