How it Works, The Market Manager

  • Market Managers: Create new Pharos and recognize an event or events around which a market can be brought on-chain and created with a Pharo.
  • Liquidity Providers: Deposit assets to Pharo Risk Pools to provide liquidity for the cover buyers while earning interest and $PHRO tokens.
  • Cover Buyers: Buy cover from a Pharo and provide the service fees to the market managers, the liquidity providers and reserve pool. Cover buyers also earn $PHRO tokens.
  • Stakers: Deposit $PHRO into a Stake Pool earning $PHRO and voting power in the Pharo DAO.




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