⚙️Technical

The Liquidity provided in Athena guarantee pools and the covers purchased are represented by ERC-721

• The protocol is only live on Ethereum Mainnet.

• Deposits and withdrawals are made in USDT.

About ERC-721

The ERC-721 introduces a standard for Non Fungible Token, this type of Token is unique and is used to identify something or someone in a unique. It can have different value than another Token from the same Smart Contract

How does a guarantee pool work?

By depositing funds into collateral pools, the user receives a non-fungible token representing the assets transferred into the pools. This non-fungible token can then be redeemed to recover the original underlying assets, as well as any accumulated rewards.

Withdrawals are subject to a validation period during which claims can be made, meaning that when a withdrawal is requested, it takes effect after the validation period in the event that there is no claim within the withdrawal validation period.

When liquidity is provided as a guarantee, it is committed, can be blocked and used to pay validated claims in the event of a claim .