Wand

Wand is a structured protocol designed to make better use of assets, enabling users to achieve 100% asset liquidity. This liquidity is divided into stablecoins and margin tokens with increased volatility. Both types of assets are expected to maintain strong secondary market liquidity and are intended to meet standard asset criteria. To standardize margin tokens, a global debt structure is adopted, where all users share a pooled collateralized debt position (CDP) to facilitate the circulation of these shares. In this way, users can obtain two types of liquid assets with 100% of their market value using collateral.