Longship
  • Introduction
    • What is Longship?
    • Why We Built Longship
  • How Longship Works
    • Overview
      • Mathematical Overview
    • Leveraged Long Trades
    • Repo Trades
    • Liquidity Pools
    • Stablecoin Vaults
  • User Guides [Unfinished]
    • Leveraged Long Trades
    • Repo Trades
    • Providing Liquidity
    • Stablecoin Vaults
  • Other
    • Governance
    • Community
    • FAQs
  • Disclaimers & Technical
    • Audit
    • Technical Resources
    • Terms of Service
    • Privacy Policy
  • Come Aboard
    • Twitter
    • Discord
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FAQs

🦜 Frequently asked questions

PreviousCommunityNextAudit

Last updated 10 months ago

Who is the team behind Longship?

Longship was built by Shipyard Software, a leading design shop that develops custom-built DEXs. Shipyard’s team can be viewed .

How could Longship blow up?

If a token's value rapidly changes before the liquidity pool has offloaded its exposure, it could cause a failure for that market. In practice, we believe this would require something extreme like a 100x move within 24 hours.

  • If the price stays relatively stable —> Pool earns some yield.

  • If the price suddenly spikes up —> Pool loses tokens proportional to recently opened trades.

  • If the price suddenly crashes —> Pool earns tokens proportional to recently opened trades.

What if no one takes the TRS trades?

The market maker would increase the TRS yield until someone fills it, such that it would simply equilibrate higher. TRS trades are likely to be snapped up quickly by bots given their expected objective attractiveness.

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