This UMIP will have the effect of introducing an upgraded expiring financial contract template that:
- Updates the
ExpiringMultiPartyCreator
factory contract’s restrictions on liveness periods and the expiration timestamp. - Relaxes
ExpiringMultiParty
's token creation collateralization requirements. - Adds additional power for under-funded liquidators to deter malicious sponsors with large position sizes.
- Supports collateral currencies that accumulate interest, like aTokens which redirect interest to a target address.
- Enables redemptions post-expiry and most importantly, during the two day expiry price resolution process