Athlete Performance Tokens (APTs)

Athlete Performance Tokens are a ERC-20 tokenization of an athlete's performance.

Overview

Each APT is either Long or Short. A corresponding Long APT and Short APT make up an APT Pair. Athlete Performance Tokens are ERC-20 tokens adapted from the UMA Long-Short Pair (LSP) Contract. The book value of an APT Pair is always equal to the collateralperpair.

LSP Contracts

"At any time, a minter can deposit an amount of collateral, collateralPerPair, to mint one short and one long token. At this time, the minter will be fully collateralized and will have a risk-neutral position. Regardless of how much the long and short tokens respectively settle to be worth, the summed value of the two will still be worth the total amount of collateral used to mint, which means that at any time, the minter can also close out his/her position by redeeming a pair of long and short tokens for one share of minting collateral."

Long APTs

Long APTs represent direct exposure to a player's in game performance. As the player performs well, the Long APT will appreciate according to its Book Value.

Short APTs

Short APTs represent inverse exposure to a player's in game performance. As the player performs well, the Short APT will depreciate according to its Book Value.

For more information on how APT Book Value is determined visit APT Price IDs