Functional Requirements

Functional Requirements

  1. Token Swapping for Buyers:

    • Buyers must be able to seamlessly swap Token A for Token B.

    • The swapping process should be intuitive and efficient, with clear instructions for each transaction step.

  2. Liquidity Provision by LPs:

    • Liquidity Providers (LPs) should be able to conveniently offer liquidity to the market.

    • The platform must facilitate an easy and secure process for liquidity provision.

  3. Liquidity Pool Engagement Steps for LPs:

    • LPs need to approve Token A and Token B for use in the lending protocol.

    • The platform should allow LPs to deposit Token A and Token B into the lending protocol.

    • LPs must be able to deposit their lending position tokens into a single-token liquidity pool and receive a corresponding synthetic token.

    • The platform should enable LPs to approve these synthetic tokens for use in the synthetic liquidity pool.

    • Once LPs have synthetic tokens of both Token A and Token B, the system should guide them to deposit both as liquidity into the synthetic liquidity pool.

  4. Token Swapping Process for Buyers:

    • Buyers should have the ability to approve Token A for the lending protocol.

    • The platform must allow the deposit of Token A into the lending protocol, enabling buyers to receive position tokens.

    • Buyers need to be able to approve these position tokens for the single-token liquidity pool.

    • The system should facilitate the swapping of position tokens for synthetic tokens.

    • Buyers must have the option to approve the synthetic Token A for the synthetic token liquidity pool.

    • The platform should enable buyers to swap Synthetic Token A for Synthetic Token B using the pool.

    • Buyers should be able to approve Synthetic Token B for the single-token liquidity pool.

    • The system must allow the swapping of Synthetic Token B for the position token of Token B.

    • Finally, buyers must be able to use the position token to reclaim Token B. This step is crucial in completing the swap process and ensuring that buyers receive their desired tokens.

  5. Transaction Security and Efficiency:

    • Each transaction must be secure and protected against potential vulnerabilities, from approval to token reclamation.

    • The platform should ensure transaction efficiency, minimizing wait times and maximizing throughput.

  6. User Interface for Transaction Steps:

    • The web application must provide a clear and user-friendly interface guiding both LPs and buyers through each transaction step.

    • Instructions and support should be readily available to assist users in navigating the swapping and liquidity provision processes.

  7. Real-Time Transaction Monitoring:

    • The system should offer real-time monitoring and updates of transactions, enabling users to track their swaps and liquidity contributions effectively.

  8. Integration with Lending Protocols:

    • Seamless integration with one lending protocol is essential for handling deposits and position tokens.

    • The platform must reliably handle the interactions between the lending protocols and the liquidity pools.

  9. Feedback and Error Handling Mechanisms:

    • Effective feedback mechanisms should be in place to inform users of the success or failure of transactions.

    • The system should also include robust error-handling features to guide users through any issues during the transaction process.

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