Increment

The Increment protocol introduces an autonomous non-upgradable smart contract system that uses pooled collateral backed virtual assets for liquidity and leverages Curve V2’s AMM (Automated Market Maker) for trade execution.

Increment’s architectural layout proposes an alternative solution to the construction of current onchain perpetual futures protocols and establishes a complete infrastructure for decentralized trading and a passive liquidity provision experience. Users can interact with the protocol in the following ways:

– Traders can long or short listed perpetual markets with leverage

– Liquidity providers can deposit funds to each market and act as passive market makers in exchange for trading fees

– Liquidators can operate liquidation bots to liquidate underwater positions in exchange for a percentage of the position

– Participants can contribute to governance and help decide the future of the protocol