For users of Neko Network, when you read the contents below, please consider all MAZE as NEKO. They are identical.
For Neko's ISO related questions, please check here.


What is Maze Protocol?

Maze Protocol is the world's first zero-interest banking protocol. It is an innovative money market which has a unique yield-rate consensus algorithm to replace the traditional interest rate spread model.

What is a Zero-Interest Banking Protocol?

Literally, a zero-interest banking protocol means there is no long-term interest cost on any loan. Maze Protocol is such a system which realized this goal.
As a supplier on the protocol, your reward is MAZE.

What is MAZE token?

MAZE is the incentive and governance token of Maze Protocol. It plays the role of a core asset to form a token dynamics loop which drives the protocol.

How can I get MAZE token?

You can get MAZE token via multiple ways.
  • Buy MAZE directly from the market.
  • Supply permitted assets (including MAZE itself) on the protocol to stake the farming delegation tokens in order to earn MAZE.
  • Be a liquidity provider and stake the LP token in order to earn MAZE.

What is the most important thing I should pay attention on when using Maze?

Please always be careful with your delegation tokens. They are rtoken, rmtoken, ftoken, fmtoken, pMAZE and lpMAZE, along with debt token. Among them, ftoken and debt token cannot be transferred, which can only be generated or recycled by the smart contracts, so you won't mess up with them. However, others can be transferred, and if you want to withdraw funds from the pool, you must have the corresponding token pair in your wallet! If you lost the control of your delegation tokens, you would lose the ownership of your underlying assets supplied in the protocol!

Asset Supply

What is the difference between Reserve and Funding? Why are they necessary?

If you supply funds in Reserve Pools, your deposit won't change your borrow credit, and it won't be borrowed by anyone, since Reserve Pools are safe saving pools, but you can still get rmtoken to stake for farming. If you supply funds in Funding Pools, your deposit will change your borrow credit, and it is allowed to be borrowed by any users, since Funding Pools are liquidity of the lending protocol.
As a user, you will find two independent and obvious buttons to choose your deposit pools, Reserve or Funding. No matter how the loan risk management performs, a lending protocol has inevitable hidden risks. Generally suppliers are facing the risks like unavailability of pool liquidity or deficit in the pool. Under zero-interest lending environment, the asset pools are more likely to be intensively occupied for a long time which causes difficulties on funds redeeming. For this reason, Maze provides a Reserve-Funding Pool structure for all permitted assets to ensure your rights of choosing risks. In the meantime, FORB is capable of guiding supply strategies based on each asset's occupation rate. If you want to use lending services or approach to higher yield rates, you can actively choose Funding Pools and take the corresponding risks. If not wanting to take risks but still having some profits, you can choose Reserve Pools, and in fact becomes the member of the yield-rate contrast group. You can find the explanation in the whitepaper, section 2.3.3.
Also, the Reserve Pools of different Maze branches over different blockchains will be used as cross-chain asset liquidity pools when the Drawing Right Transfer Protocol is established. For details, please review the whitepaper, section 5.

How can I withdraw funds from the protocol?

You must have the corresponding delegation tokens in your wallet before processing any withdrawal of underlying assets. For withdrawal of Reserve Pool assets, you need an equal amount of rtoken and rmtoken. For withdrawal of Funding Pool assets, you need an equal amount of ftoken and fmtoken. For withdrawal of Ragdoll(LP) Pool assets, you need an equal amount of pMAZE and lpMAZE.
For example, after you deposit 100 USDT in its Reserve Pool, you will get 100 rUSDT and 100 rmUSDT. It is fine that you don't add them to your wallet's token list (like Metamask), since the Maze application will identify them automatically. You should have staked all of the rmUSDT to farm, but when you want your USDT back, you must unstake the 100 rmUSDT first in order to have it in your wallet, and then make sure your 100 rUSDT is with you as well. In this way, you can withdraw 100 USDT from its Reserve Pool.

What does Tabby Cattery mean?

Tabby Cattery is the asset cattery which only accepts MAZE and permitted stablecoins. The farming pools linked to Tabby Cattery are dominated by SVRB. That is, if the value proportion of MAZE in Tabby Cattery is increasing against stablecoins, more reward will be distributed to stablecoin suppliers. Otherwise, more will belong to MAZE suppliers.
Its code name in development is USP.

What does Siamese Cattery mean?

Siamese Cattery is the asset cattery which only accepts permitted unstablecoins. Base on SVWD, the reward is distributed based on the values of the respective unstablecoin supply. Therefore, if an unstablecoin is more valuable (in USD) compared with others, more reward its farming pools will get. Such effect is introduced in the whitepaper, section 2.3.1.
Its code name in development is ISP.

What does Ragdoll Cattery mean?

Ragdoll Cattery is the LP Pool of Maze. It accepts only MAZE-LP token as an underlying asset. It has a corresponding farming pool, lpMP.
Its code name in development is LPP.

If I move my rtoken & rmtoken to another wallet, can I withdraw funds on Maze?

Yes. For any account, no matter it deposited funds in Reserve Pools or not, it could withdraw funds based on the balance of rtoken and rmtoken in it.

Based on what can I be reminded if I am close to suffer a liquidation?

On the Maze application, you will see a meter of Health Factor on the top. Please make sure it is over 1, so your account is safe.

What is the dust balance?

The dust balance is the tiny deposit balance in the asset pools that will waste the computation ability of the Farmbase middleware. Therefore, the system will only accept supply balance over the dust threshold as valid farming shares. The dust threshold is $100.


What is Maze Cattery?

Maze Cattery is a series of farming pools (MPs) linked to their Asset Pools. You should stake your farming delegation tokens, rmtoken, fmtoken and lpMAZE into the MPs to get your reward distribution.

Why my supply doesn't generate rewards? Did I miss anything?

It is likely that you've only supplied funds into Asset Catteries, but you've forgotten to stake the farming delegation tokens into their corresponding MPs. These are rmtoken, fmtoken or lpMAZE, for details see here.

How long do I need to wait until I see rewards showing up in my staking pools?

Up to 20 minutes. Maze's farming computation system is not based on blocks but on cycles. One cycle is 10 minutes and that is the interval the system proceeds one distribution. Your staked share in any MP must endure a full cycle to become a valid share, which means it takes up to 20 minutes for you to see the first income.

Why is part of my MAZE reward locked?

The price of MAZE is essential for Maze Protocol's functionality. At the early stage, the market of MAZE could be vulnerable, so there is a restriction period for MAZE harvest in order to prevent large selling pressure. Your MAZE reward can be claimed according to the harvest restriction parameters.

Why do I need to package my rewards?

It is because your rewards are calculated by a middleware protocol called Farmbase. Farmbase settles your rewards every 10 minutes, but you need to package the rewards from Farmbase by yourself before you can claim them back to your account. Doing so does not require any gas cost. See here.

What is the difference between APR and APY?

The annual percentage yield (APY) is the real rate of return earned on a savings deposit or investment taking into account the effect of compounding interest.
APR is expressed as a percentage that represents the actual yearly cost of funds over the term of a loan or income earned on an investment. This includes any fees or additional costs associated with the transaction, but it does not take compounding into account.

What is SVRB and how does it affect yield-rates?

SVRB is in charge of the ratios of MAZE yield distributed from USP toward stablecoin MPs and MAZE MPs. Under the regulating of SVRB, when the value of MAZE drops, the yield rate will lean to MAZE MPs and vice versa. For details, see the whitepaper, section 2.2.1.

What is SVWD and how does it affect yield-rates?

SVWD means that, among all same-class asset types, MAZE yield is distributed according to the weights of the different MPs' token values inside the class.
For example, in the stablecoin MP structure in USP, there are USDT's MPs and BUSD's MPs. In the cycle T, it is known that: USDT's supplied value is $300,000,000 and BUSD's supplied value is $200,000,000, so USDT's MPs should get 3/5 of MAZE yield and BUSD's MPs should get 2/5. Among the MPs in ISP, they follow the same weighted rule.
SVWD makes all asset suppliers unified to accept their assets' USD values as the basis of yield-rate contrast.

What is FORB and how does it affect yield-rates?

FORB is in charge of the ratios of MAZE yield distributed between an rMP and an fMP of each asset type. Under the regulating of FORB, when the occupation rate of the Funding Pool rises, the yield rate will lean to its fMP and vice versa. It means that there is a FORB computation unit in each asset's MPs. For details, see the whitepaper, section 2.2.1.


Why is it safe to use Maze Protocol?

The timelock contract will postpone any change of the protocol codes by 24 hours, so you can have plenty of time to retrieve your funds if there is a suspected behavior. The team has no custody of your funds. There is also a professional audit to ensure the safety from the technical aspect.