ALLAYAROV AKBAR

Crafting Finance is a synthetic asset issuance protocol and decentralized contract trading

exchange based on the Polkadot contract chain. It natively supports multi-token collateral,

including the token CRF issued by Crafting Finance, Polkadot (DOT), Kusama (KSM), Bitcoin (BTC)

and Ethereum (ETH), and synthesizes any cryptocurrencies or stocks, bonds, gold and any other

off-chain assets directly through smart contracts and oracles. Users can forge a certain synthetic

asset, such as the US dollar, by collateralizing supported tokens, and automatically have a long

position in the asset. Users can also convert minted assets into other assets through the trading

platform, so as to realize the purpose of shorting the asset and longing other assets. The assets

minted by all the users correspond to the liabilities of the entire system, and the proportion of

each user's liabilities has been determined at the time of forging, so that their respective profits

can be calculated. Because such a collateral pool model does not require a counterparty, it

perfectly solves the problems of liquidity and trading depth in decentralized exchange (DEX).

The main functional modules of the entire system are Forge and Kingsman. Forge are where all

synthetic assets are minted. Kingsman is the decentralized contract exchange using sharing debt

pool trading mode. Other important modules of the system include collateral pools, fee pool,

interest pool, and oracles.