# FAQ

### What trading hours do your products have?

The cryptocurrency market operates 24/7, allowing users to trade at any time. If a index contains equity (stocks/bonds), orders are on hold until those tradfi market opens. After implementing Uniswap pools, user will be able to trade any index, including equity based indices, 24/7 and with low transaction costs.

### What is TP and SL?

1. Take Profit (TP): This type of order is used to close a position once it reaches a predetermined price. Its purpose is to secure a specified amount of profit, making it a useful tool in situations where a trader cannot actively monitor their positions.
2. Stop Loss (SL): This type of order is used to close a position once it reaches a predetermined price. Its primary purpose is to restrict potential losses incurred, making it a critical tool for effective risk management.

### **How is the management fee calculated, can you give an example?**

The management fee acts as an inflationary mechanism, gradually increasing the total supply of tokens over time.

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**Initial Scenario**:

* At day 0, 100 tokens are minted.
* After 10 years (3650 days), there are approximately 110 tokens due to the management fee.

**Example**:

1. **Minting at Day 0**:

   * User A invests 1000 USDC.
   * The index price is $50.
   * Result -> User A receives 20 tokens.

2. **Minting at Year 10 with 2000 USDC (index price remains at $50)**:

   * It's been 10 years since the inception, so 3650 days have passed.
   * The daily inflation ratio is 1% (or 1.00002615 when compounded daily).
   * Using the formula for 10 years: $$Tokens Minted=40×1.00002615 \*\*(3650)=40×1.1$$
   * Result -> User B receives \~44 tokens.

3. **Management Fee**:
   * The smart contract identifies that the last minting was 10 years ago.
   * The last supply was 20 tokens.
   * As a management fee, 2 tokens (10% of the last supply) are minted.
   * These 2 tokens can be seen as a fee for asset management over the 10-year period.
   * This fee is applied with each smart contract call, in this example, after User B mints.