Wand

Wand is a structured protocol for better asset utilization, enabling users to access 100% liquidity of their assets. This liquidity is split between stablecoins and margin tokens with increased volatility. Both asset types are expected to maintain robust secondary market liquidity and are designed to meet standard asset criteria. To standardize margin tokens, a global debt structure is employed where all users share a pooled Collateralized Debt Position (CDP), facilitating the circulation of these shares. In this way, users can obtain two types of liquid assets with 100% market value using collateral.