How does TripleFi work?

TripleFi uses a Net-position Market Making algorithm. Currently the liquidity pool is the counter party of the trader and bear the net position against traders' position. The future update will enable an option for TripleFi liquidity pool to hedge the net position to provide a relatively stable return for liquidity pool providers.

There is no orderbook, no centralized party and no central facilitator of trade. Each pool is defined by a smart contract that includes a few functions to enable opening position, adding liquidity and more. The index price is from centralized exchanges or swaps and protected by Chainlink.