Butane Documentation
  • Introduction
    • What is Butane?
    • The Butane Platform
  • How to use Butane
    • Getting Started
      • Setting Up a Wallet
      • Acquiring CNTs
      • Connecting Wallet
    • Butane Basics
      • Overview
      • Concepts
      • Synthetic Parameters
    • Guides
      • How to Create a CDP
      • How to Close a CDP (Repay/Liquidate)
      • How to Adjust a CDP
      • How to Merge CDPs
      • How to Stake Synthetics
    • FAQs
  • Resources
    • Website
    • Discord
    • Whitepaper
    • Yellowpaper
    • Github
    • Forum
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  1. Introduction

The Butane Platform

Users interact with Butane's synthetic assets through the platform by creating and managing CDPs. The main actions on the platform are:

  • Creating CDPs by depositing collateral and borrowing an amount of synthetic tokens

  • Closing a CDP by repaying its debt and withdrawing locked collateral

  • Adjusting a CDP by changing the synthetic amount (minting more or burning a portion of the debt), altering the locked collateral (depositing and/or withdrawing tokens), or both

  • Liquidating another user's unhealthy CDP and claiming a portion of their collateral

  • Staking held synthetics in the system to earn savings

Action Composability Engine

Butane introduces a novel innovation by allowing for multiple actions to be completed in a single transaction through a wholly interoperable mechanism. All of the above actions can be effected within a single transaction, on multiple CDPs, and across multiple synthetics. This maximizes efficiency and ensures that operations on Butane can be fully atomic.

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Last updated 2 months ago

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