Pod Market

The Pod Market is a peer-to-peer marketplace that allows Pods to be bought and sold in a trustless fashion without trading fees. The Pod Market creates liquidity for Pods through an onchain order book.

Sellers can list Pods or fill open Pod Orders placed by buyers.

Buyers can order Pods or fill open Pod Listings placed by sellers.

Pod Listings

Pods from Pinto Sown in a single transaction form a Plot. Anyone with a Plot can list a whole or partial Plot for sale in exchange for Pinto. This is known as a Pod Listing. Pod Listings have the following inputs:

Pod Listing Inputs	Example
Plot	Place in Line: 140M, Pods: 4,000
Position within the Plot	2,000 to 4,000
Price per Pod	0.80 Pinto
Expiration	30M Pods

Plot

Farmers may own multiple Plots. Plots are identified by their place in the Pod Line.

Position within the Plot

As Pods are Harvested on a First In, First Out (FIFO) basis, if less than a whole Plot is listed, the seller must choose which Pods within the Plot to list. A seller can list any contiguous set of Pods within a Plot. If only a portion of a Plot is listed, the seller must choose which subset of Pods within that Plot are for sale. In the example above, the last 2,000 Pinto in the Plot are Listed, while the first 2,000 (i.e. Pods 0 thru 2,000) remain in the seller’s possession.

Price per Pod

The sale price of each Pod, denominated in Pinto.

Expiration

The number of Pods that can Harvest before the expiration of the Pod Listing. Setting this input to 30M Pods would remove this Pod Listing from the Pod Market once 30M Pods are Harvested after the creation of the Pod Listing.

A Pod Listing can be cancelled at any time until it is entirely filled. Plots can only be listed in a single Pod Listing at a time. Pod Listings are automatically cancelled if the owner of the Plot transfers or re-lists any Pods in the Plot.

A Pod Listing can be entirely or partially filled at any time by a buyer. If the Pod Listing is partially filled, the rest of the Pod Listing remains listed.

The following metrics are displayed in the Pinto UI to give farmers a better understanding of the Listings on the market.

Pod Score

The return on a given Plot divided by the Plot's Place in Line. The formula is defined below:

$$PodScore = \frac{\frac{1}{Price Per Pod}}{Place In Line} * 1e12$$

The Pod Score may be used by farmers to gauge the relative attractiveness of a given Plot Listing. For example, given 2 Plots:

• 0.25 Pinto / Pod, 10M Place in Line

• 0.50 Pinto / Pod, 4M Place in Line

The latter has a better risk/return profile, given that the former would need 2.5x more Pintos to be minted, yet only yields 2x more than the former. This is reflected in the higher Pod Score (400k vs 500k).

Effective Temperature

The Temperature in which the Field would need to offer to give the same yield as the Listing at the given price. The formula is defined below:

$${Effective Temperature} = \frac{1}{Price Per Pod} - 1$$

For example, a Listing where the Price Per Pod is 0.50 is equivalent to Sowing in the Field at a Temperature of 100% (assuming the same Place in Line).

Pod Orders

A Pod Order is an offer to buy Pods at a given price, before a given place in the Pod Line. Any seller may fill a Pod Order by selling Pods according to the terms of the Pod Order.

Anyone with Pinto can Order Pods by creating a Pod Order. Pod Orders have the following inputs:

Pod Order Inputs	Example
Maximum number of Pods to be purchased	4,000 Pods
Price per Pod	0.80 Pinto
Maximum place in the Pod Line	140M

Maximum number of Pods to be purchased

Because Pod Orders can be partially or entirely filled at any time by a seller, a Pod Order defines the maximum number of Pods the buyer would like to purchase at a given price.

Price per Pod

The price to be paid for each Pod, denominated in Pinto.

Maximum place in the Pod Line

A Pod Order with a maximum place in the Pod Line of 140M could be filled by any Pods with a position in the Pod Line of 140M or earlier. In general, Pods closer to the front of the Pod Line are more valuable, as they become Harvestable for Pinto sooner due to the FIFO Harvest schedule.

A Pod Order can be cancelled at any time until it is filled. To facilitate instant clearance, Pinto are locked in a Pod Order until it is entirely filled or cancelled. If the Pod Order is partially filled, the rest of the Pod Order remains listed.