Qilin Protocol

Qilin Protocol provides long-tail crypto assets with the ability to build an inverse contract market through an innovative automatic risk control mechanism and a dynamic liquidity offering mechanism.

Whitepaper

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What is Qilin Protocol

• Qilin is a decentralized risk optimizer protocol for derivatives trading of Ethereum assets.
• Qilin introduces a tranche-structured liquidity pool model for asset pairs to maximize liquidity yield and provide different risk-reward profiles for different LP users.
• A Rebase Funding Rate is switched on during long/short imbalance and applied to the naked-side positions to mitigate risks for liquidity.
• A Dynamic Algorithmic Slippage is applied on naked-side positions to incentivize against risks of position imbalance.

Qilin's goal is to democratize derivatives trading. Qilin sees the current liquidity risk profile in decentralized finance as an obstacle to that goal and has key risk-mitigation mechanisms to reduce liquidity risks.

The team behind Qilin is an avid group of people who believe in the decentralized finance experiment and who are dedicated to the adoption of crypto. They exist collectively as CODEX DAO.