Priceless Position Manager
This page describes the intended design, not shipped software. The only behaviour live on-chain today is synthetic position creation. The $TRANT token, bonds, staking, liquidity pools and mining, trading, liquidation, and oracle mechanics described across these pages are specified but not built or deployed. See Technical overview.
The priceless position manager is the part of the EMP that tracks each sponsor's position: how much collateral is locked, how much synthetic is outstanding, and whether the position is healthy.
Why "priceless"
It never reads a live on-chain price. A position is only measured against a reference value at two moments: settlement at expiry, and when a liquidation is disputed. Between those moments, solvency is enforced by the minimum collateralisation ratio and by the threat of liquidation, not by a price feed. This keeps the contract cheap to run and removes the feed as a single point of failure.
What it does
- Create: open a position by depositing collateral and minting synthetic tokens, subject to the minimum collateralisation ratio and the minimum position size.
- Deposit / withdraw: add collateral to strengthen a position, or withdraw some (which lowers the ratio).
- Redeem: burn synthetic tokens to pull a proportional amount of collateral, leaving the ratio roughly unchanged.
- Repay: burn synthetic tokens to raise the ratio; repay the full balance to close the position.
- Settle: after expiry, exchange collateral or synthetic tokens for their value at the oracle's final price.
These are the same actions exposed on the positions dashboard.