Dinari - Stonks on a Chain!

    Samuel L. Jackson: "I love these mfin Stonks on this mfin chain!"

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    What exactly is Dinari?

    • Dinari is an on-chain protocol on Arbitrum that uses Dinari Securities Backed Tokens (dShares) to provide direct exposure to the world's most trusted assets such as Google and Apple shares.

    Highlights:

    • Transparent, programmable, and accessible around the world, Dinari tokens enable new ways of accruing value.

    • Backed 1-to-1: Each token is backed at least 100% by Dinari's reserves.

    • Dividends: Dinari token holders can receive dividends and distributions.

    Website

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    Order and Asset Flow

    • The Dinari dShares protocol operates like a bridge

    • Calls to contracts inheriting from OrderProcessor emit Orders. Orders emitted from official OrderProcessor deployments are picked up by Dinari’s fulfillment service

      • The fulfillment service executes a brokerage order through a clearing service when necessary
      • The clearing service then settles the order and notifies the fulfillment service
    • The fulfillment service in turn submits a fill to the OrderProcessor and:

      • dShares are minted or burned to the order recipient
      • along with any payment token transfers for order payment or distribution of proceeds

    Order LifeCycle

    • The lifecycle of an order starts with the User submitting an order request. This gets emitted on-chain as aOrderRequested event. This escrows the input token( if the order is a Buy, the input is USDC; if Sell - the input is a dShare token)

    • The emitted event is then picked up by the off-chain Operator who then submits the off-chain brokerage order as part of the Clearing Service

    • If the brokerage order is fulfilled:

      • An on-chain OrderFill event is emitted which withdraws the input token from the escrow along with the associated fee payments
      • Coressponding dShares are minted/burned as per the orderType
    • Orders can also be cancelled, which results in an OrderCancelled event on-chain


    Source: Dinari Protocol Whitepaper