For Crypto Beginners

1. How âtv Works & Who Controls It

  • At first, the aarnâ team will set up the system using a single wallet.

  • Later, control will move to the aarnâ DAO (a decentralized community vote) for fairness.

  • Some contracts go to Wallet #2 (for platform security), others to Wallet #1 (for DAO decisions).

  • The system can’t be changed directly (for safety), but updates can be added carefully with DAO approval.

2. Depositing Money (Stablecoins)

  • You can deposit stablecoins (like USDC, USDT, or DAI) into an âtv vault.

  • In return, you get âtv tokens, which represent your share in the vault.

  • A small 1% fee is taken from your deposit.

3. How Your Deposit Gets Used (Cumulative Swaps)

  • Your deposit (engine.aarna.ai) isn’t used right away—instead, all deposits are grouped together and swapped later to save on fees.

  • A special wallet (controlled by the DAO) does this swap in one big transaction.

  • You pay the gas fee (network cost) for this swap.

4. Rebalancing (Keeping the Vault Optimized)

  • Passive Rebalancing (Automatic):

    • The vault automatically adjusts its holdings at set times to keep things balanced.

    • No manual changes allowed—just follows pre-set rules.

  • Active Rebalancing (Manual Adjustments):

    • The vault manager (or DAO) can manually change the tokens inside (e.g., remove bad ones).

    • This helps improve returns but needs DAO approval.

  • Emergency Rebalance:

    • If a token is failing, it can be removed quickly and stored safely in the vault.

    • You can withdraw it later using the emergencyWithdraw() function.

5. Withdrawing Your Money

  • You can request a withdrawal anytime, but only after a swap happens.

  • Your âtv tokens might be locked for extra rewards—you’ll need to unlock them first.

  • When you withdraw, your tokens are swapped back to stablecoins (like USDC) on Uniswap V3 and sent to your wallet.

  • You can choose which stablecoin you want or let the system pick the best option.

6. Fees (What You Pay)

  • 1% fee when you deposit (goes to the DAO).

  • Performance fee (0-10%) when you withdraw profits:

    • Usually 10% total (6% to the vault creator, 4% to the DAO).

  • Fees are collected and distributed automatically by the system.

Summary in Simple Terms

  • Deposit stablecoins → Get âtv tokens (minus 1% fee).

  • Your money is pooled with others and swapped efficiently.

  • The vault rebalances itself (automatically or with DAO approval).

  • Withdraw anytime (after a swap) and get stablecoins back.

  • Small fees apply (1% deposit, up to 10% on profits).

This is a safe, community-controlled system where you earn by holding âtv tokens (engine.aarna.ai).