Global Technology Sentiment | GTS
Last updated
Last updated
GTS - Global Technology Sentiment - Tracks changes themselves.
This convergence of sentiments allows for clearer trends regarding overall market opinion to be established while also minimizing some of the volatility in the asset itself. This also leads the asset to be entirely independent from any intrinsic value changes.
Unlike the underlying market, directional bias has no correlation towards positive or negative value shifts. Instead, positive changes in sentiment moves correlate to asset appreciation whereas negative changes in sentiment moves result in asset depreciation. GTS helps clarify market trends without relying on asset pricing - therefore it can appreciate in times of market collapse or depreciate in times of market growth or vice versa.
Mints start at 10 USD worth of ISA and will theoretically trade as a summation of the aforementioned ratio of sentiment changes in global energy. The longer a positive sentiment move is sustained, the more sensitive GTS becomes towards positive moves. The shorter a positive sentiment move is sustained - or if a negative sentiment move is made - the slower the asset appreciates or tends towards depreciation. Over time - the range will rise or fall based on sustained sentiment changes, however, the bias representation of ratios will remain consistent and seek to converge towards lower volatility trends.
Like all collateralized products on our platform, sRho is used to secure the short position. GTS utilizes a 2:1 collateral ratio to secure the position. A 2.5% mint fee is required to mint GTS - with the minter receiving sGTS in return as a receipt.
A 2.5% fee applies to swapping sGTS. sGTS can be bonded and sold to the Treasury. Short-sellers will also pay interest to the pooled long sGTS at a daily interest rate of 0.2% per day - which will be paid for in sRHO. This daily interest will be calculated at the time of establishing the short by entering the maximum number of days you will be short for. Once the time limit is up - the short contract will expire and the short closed. If GTS is below the price when the short was initiated, the aggregated long pool of GTS will pay the unit count worth of profit to the now closed short holder. The time interest the short paid to the collected pool of longs will then be distributed to the longs proportional to their positional unit count.
However, the interest will only be paid to the long holders that were in the pool at the time the short was established. If a short-seller chooses to close out their position at a loss, the collateral lost will be divided among all long sGTS unit holders that were in the pool at the time the short was established. If the short-seller closes out their position at a profit, the percentage of the profit will be divided amongst all long sGTS and the appropriate sGTS units will be transferred to the short-seller as profit.
Shorting above the total float of GTS in the lending pool is prohibited.