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📎Wallet Mechanics

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Genni will have initially at least the following two wallet types:

  • Funding wallet

  • Bidding Wallet

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Funding Wallet

This is the wallet users will interact with the most. This wallet is where funds for Genni to bid would be sent. When any wallet other than the bidding wallet sends funds here: - 90% of those funds are sent to the bidding wallet - 10% is used to do a Genni buy burn Example of 10% auto buy-burn: Buy: https://solscan.io/tx/3t7kbjcdriDZyKVQMv5fvEkd3hruaJJtp8muB33cqoGX6Zm4K1SsqmzeU4pUJRb8NnmVDemKsnFczXH2r7SH1bjcarrow-up-right Burn: https://solscan.io/tx/4sHkqCK7oZD5BHP7J8gw6KKSvTFc5wj1Tp3ZjXMbMqdGGqL2KQj1G6EVrRMEwnp6Bjs2ga1KaGprcun9d48DXeUjarrow-up-right

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Bidding wallet

This is the wallet that Genni uses to enter positions. In version one this will be single wallet, but as we expand this poses a security risk and new bidding wallets will be generated for each transaction. Funds returned to user after a trade will come from bidding wallets.

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