Athos Debt Terminator is now live at debt-terminator.athos.finance! While the liquidation contract has always been permissionless from the start. This requires users to directly interact with the contract so only users who have the experience of doing so are benefited from it.

With Athos Debt Terminator, this is no longer the case! Users can now interact with the liquidation contract through this new dApp, meaning that those who do not have the experience of interacting with contracts can also participate in liquidations now. By using Athos Debt Terminator, you are playing your part in safeguarding the protocol especially during times of market volatility.

How Does It Work?

Whenever the P-ratio of an account falls below 200% and remains below the Target P-ratio after the liquidation delay (currently set at 72 hours), the account is marked for liquidation and is shown on Athos Debt Terminator. Users can choose to liquidate the account, and burn $athUSD to (partially or fully) repay the debt of the marked account. The liquidated account will incur a 15% penalty, with 10% going to the liquidator and 5% to the marker once liquidation takes place.

For partial liquidations, staked $ATH are liquidated before locked $ATH. In the case of locked $ATH, those that are scheduled to unlock sooner will be liquidated first. Once the account is liquidated, staked $ATH & locked $ATH are transferred to the liquidator’s account along with the original unlock schedule.

Step By Step Guide

Step 1: Connect your wallet to Athos Debt Terminator. Check to ensure your wallet is on Moonbeam & has enough $athUSD & $GLMR to cover the liquidations and gas fees.

Step 2: Choose an account you would like to liquidate from the list available to you, then click “BUYOUT”.

Step 3: Confirm how much of the account do you want to liquidate. You can manually input an $athUSD amount or choose a percentage of the account, then click “EXECUTE”.

Step 4: Sign the transaction in your wallet.

Once the transaction is completed, the liquidated amount will be added to your staked $ATH or locked $ATH balance which you can see in Athos Buildr.

About Athos Finance

Athos Finance the first decentralized delta-one asset protocol on Moonbeam. It provides users with on-chain price exposure through synthetic assets with full transparency and no slippage.

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Athos Finance integrates Chainlink Price Feeds on Moonbeam mainnet. By integrating, Athos Finance has access to high-quality, tamper-proof price feeds needed to facilitate mirrored asset trading on Athos Exchange. This will provide users with stronger assurances that Athos mirror assets are mint & trade base on precise global market prices available.

The Initial Integration

The initial integration involves the use of the following Chainlink Price Feeds: ATOM/USD, BNB/USD, BTC/USD, DOT/USD, ETH/USD, GLMR/USD, and LINK/USD. They chose Chainlink as our go-to oracle solution because its infrastructure is seamless to integrate and time-tested in production. Chainlink already helps secure leading DeFi protocols responsible for tens of billions of dollars in smart contract value, maintaining robust security and high availability even amidst unexpected events, such as exchange downtime, flash crashes, and data manipulation attacks via flash loans.

In order to help secure their mirror asset trading functions on Athos Exchange. They need access to fresh asset prices that are supply directly on-chain in a highly reliable manner. Fair market asset prices should reflect a volume-weighted average from all trading environments. Thus, we needed to make use of an oracle network to fetch aggregated price data off-chain and deliver it on-chain to be consumed by our application.

They integrated Chainlink Price Feeds because they provide a multitude of critical features such as:

• High-Quality Data — Data from numerous premium data aggregators, leading to price data that’s aggregated from hundreds of exchanges, weighted by volume, and cleaned of outliers and wash trading.
• Secure Node Operators — Secured by independent, security-reviewed, and Sybil-resistant oracle nodes run by leading blockchain DevOps teams, data providers, and traditional enterprises.
• Decentralized Network — Decentralized at the data source, oracle node, & oracle network levels. Generating strong protections against downtime and tampering by either the data provider or oracle network.
• Reputation System — Robust reputation framework and set of on-chain monitoring tools that allow users to independently verify the historical and real-time performance of node operators and oracle networks.

About Chainlink

Chainlink the industry-standard Web3 services platform across DeFi, insurance, gaming, NFTs, & other major industries. As the leading decentralized oracle network, Chainlink enables developers to build feature-rich Web3 applications. With seamless access to real-world data and off-chain computation across any blockchain & provides global enterprises with a universal gateway to all blockchains.

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About Athos Finance

Athos Finance the first decentralized delta-one asset protocol on Moonbeam. It provides users with on-chain price exposure through mirrored assets with infinite liquidity and no slippage.

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Athos Finance Infrastructure

• An issuance protocol for synthetic assets, starting with their over-collateralized stablecoin called athUSD
• A derivatives exchange where synthetic assets can be traded called Athos Exchange
• Single-sided vault for passive yield farming

A key value proposition of Athos is that it provides users with on-chain price exposure through synthetic assets with infinite liquidity and no slippage.

IDO Launchpad Details

Athos will launch their native token, ATH, on StellaSwap through an IDO on its launchpad. This will be the first IDO launchpad for StellaSwap. The expected date of the IDO will be early August.

• Launch of ATH via a fixed-price offering on StellaSwap’s launchpad
• Creation of an incentivized liquidity pool for trading ATH tokens

 Athos Product Suite will consist of three main pillars, Buildr, Exchange & Vault

Athos Buildr

a. Build $athUSD by staking $ATH and other on-chain assets — Athos Buildr is your entryway to the Athos Product Suite. Users can stake $ATH to build $athUSD, the base currency of the Athos Ecosystem. With $athUSD, users can then gain investment exposure to all products within the ecosystem. Eventually, users will also be able to stake other on-chain assets as well once the debt pool is upgraded to multi-collateral.

b. Claim weekly staking rewards in $ATH and a proportion of Athos Exchange trading fees in $athUSD — Users who build $athUSD take on the risk of the debt pool and act as a pooled counter-party against all synthetic asset trades on Athos Finance. Therefore, they are also entitled to weekly staking rewards in $ATH and a portion of Athos Exchange transaction fees, which are claimable as long as their P-ratio is above the Target P-ratio at the time of claiming. Eligible users can collect these rewards with the Claim function in Athos Buildr.

c. Burn $athUSD to unstake your $ATH or manage your pledge ratio — Lastly, The burn function comes in handy when users want to increase their P-ratio without staking additional assets. They can opt to burn the extra $athUSD instead. If users want to unstake assets from the Buildr to exit the system, they can also burn their $athUSD debt to unlock the collateral.

Athos Exchange

1. Trade synthetic assets with infinite liquidity and no slippage
2. Manage all your trading positions under one dashboard

Athos Vault

• Generate passive income with $athUSD
• Farm $ATH and other rewards with LP tokens

ABOUT Athos Finance

Athos Finance is the first decentralized delta-one asset protocol on Moonbeam. It provides users with on-chain price exposure through synthetic assets with infinite liquidity and no slippage.

Website | Twitter 

ABOUT StellaSwap

StellaSwap is the first and leading Moonbeam DEX that offers an integrated gateway to the DeFi world. Users can swap, earn, yield farm, bridge assets, explore new projects, and engage in NFT trading all from a single unified platform. StellaSwap’s products structures in such a way that facilitates decentralized governance of STELLA holders while continuing to innovate on the collective foundations by design.

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Athos Buildr

a. Build $athUSD by staking $ATH and other on-chain assets

Athos Buildr is your entryway to the Athos Product Suite. Users can stake $ATH to build $athUSD, the base currency of the Athos Ecosystem. With $athUSD, users can then gain investment exposure into all products within the ecosystem. Eventually users will also be able to stake other on-chain assets as well once the debt pool is upgraded to multi-collateral.

b. Claim weekly staking rewards in $ATH and a proportion of Athos Exchange trading fees in $athUSD

Users who build $athUSD take on the risk of the debt pool and act as a pooled counter-party against all synthetic asset trades on Athos Finance. Therefore, they are also entitled to weekly staking rewards in $ATH and a portion of Athos Exchange transaction fees, which are claimable as long as their P-ratio is above Target P-ratio at the time of claiming. Eligible users can collect these rewards with the Claim function in Athos Buildr.

c. Burn $athUSD to unstake your $ATH or manage your pledge ratio

Lastly, The burn function comes handy when users want to increase their P-ratio without staking additional assets. They can opt to burn the extra $athUSD instead. If users want to unstake assets from the Buildr to exit the system, they can also burn their $athUSD debt to unlock the collaterals.

Athos Exchange

a. Trade synthetic assets with infinite liquidity and no slippage

b. Manage of all your trading positions under one dashboard

Athos Vault

a. Generate passive income with $athUSD

b. Farm $ATH and other rewards with LP tokens

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