Currency Engines
Torque's engines are smart contracts powering the minting and burning of Torque currencies. Each engine is designed to manage a specific currency pair, ensuring stability through a collateralization mechanism, real-time price feeds, and dynamic risk parameters. The engines incorporate cross-chain capabilities and full collateralization to maintain protocol integrity and user protection.
Collateral Management
Deposit and redeem collateral with real-time price feeds, health factor monitoring, and liquidation protection.
Cross-Chain Support
LayerZero integration for cross-chain minting and burning with gas-efficient operations and secure message passing.
Security Features
Reentrancy protection, oracle validation, health checks, liquidation incentives, and emergency pause capability.
Risk Parameters
98% liquidation threshold, 20% liquidation bonus, minimum health factor requirements, and precision handling.
Getting Started
To begin using Torque's currency engines, first select your desired Torque currency from the supported options. Then, deposit USDC as collateral to mint your chosen Torque tokens. Throughout the process, make sure to monitor your health factor to maintain a safe position. When you're ready to exit, you can redeem your collateral at any time. Remember to check cross-chain gas fees and verify oracle prices before executing transactions.