Technical Documentation: Giftindex ODROB Protocol

1. Protocol Overview

ODROB (Oracle-Determined Range Order Book) - a decentralized protocol for trading index tokens in the TON ecosystem, utilizing a dynamic price corridor determined by an oracle.

1.1 Key Advantages

  • Volatility Protection: trading only within ±3% of the index's calculated price

  • Market Stability: orders outside the corridor are not executed

  • Cashback Tokenomics: 10% fee compensated with index tokens

  • Derivatives Trading: ability to create synthetic assets based on market metrics

Index Examples: [To be filled with specific index examples]

2. How It Works

2.1 Dynamic Price Corridor

  • Base Asset: index token calculated by the oracle

  • Trading Range: ±3% of current index price

  • Corridor Updates: with each oracle index recalculation

  • Orders Outside Corridor: not executed until price returns to acceptable range

2.2 Order Execution Mechanism

  1. Trader places a limit order within the current price corridor in the decentralized order book

  2. When the index price changes, the corridor shifts accordingly

  3. Orders that fall outside the new corridor are temporarily frozen

  4. Execution occurs only when the price returns to the order's zone

3. System Architecture

3.1 Key Components

  • Oracle Module - obtaining and verifying data from trusted oracle

  • Range Manager - calculating and maintaining current price corridor

  • Order Book - processing limit orders

  • Fee Distributor - distributing fees and cashback via swap.coffee/claim

3.2 Data Flow

Oracle → Index Price → Corridor (±3%) → Order Validation → Execution

4. Economic Model

4.1 Protocol Fees

  • Total Fee: 10% of transaction amount

  • Compensation: full cashback in Giftindex tokens

  • Return Mechanism: automatic distribution after order execution

4.2 User Benefits

  • Actual Trading Cost: 0%

  • Ecosystem Participation: receiving index tokens

  • Liquidity Incentives: token holders receive benefits

5. Security and Limitations

5.1 Protective Mechanisms

  • Price Validation: all operations checked against current corridor

  • Order Lifetime: unlimited

  • Maximum Size: no restrictions

5.2 Oracle Security

  • Multi-signature updates

  • Data source verification

  • Manipulation protection

Version: 1.0
Status: Active Development
Blockchain: TON
Token Standard: Jetton

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