Vendors

Vendors are third parties who want to integrate their platform with the RoC ecosystem. Vendors can charge a markup of up to 1% of the value to mint/redeem operations, and receive this value as MoC tokens. These tokens neither receive rewards nor vote nor can they participate as an oracle or as no other function that MoC stakeholders have in the Staking Machine.

Registration

Please contact the Money on Chain team if you wish to be registered as a vendor.

Staking

Upon registration, vendors must add stake using the function addStake(uint256 staking) defined in the MoCVendors contract ABI interfaces. This allows the vendor to receive the profits in MoC token when an user perform a mint/redeem operation through vendor's integration.

A vendor can change the amount of stake in the system using the function removeStake(uint256 staking) defined in the MoCVendors contract ABI interfaces.

Unregistration

Please contact the Money on Chain team if you wish to be unregistered as a vendor.

Note that once a vendor is unregistered, they will not receive any more profits.

Markup

When a vendor decides to integrate their platform with the RoC ecosystem, they must be registered first. Then, they will receive a markup for every transaction they are involved in (denoted by the parameter vendorAccount).

If the user who makes the transaction has balance and allowance of MoC token, this markup will be charged in MoC; otherwise it will be charged in RIF. The exact percentage of the markup cannot be more than 1%. This is set in the vendors mapping of the MoCVendors contract (the vendor account address is the key), and the value to check is markup.

Note that the markup has also a precision of 18 decimals, i.e. a 1 * 10^15 in that parameter means that 0.1% is being charged as a commission.