Secondary Market Module

Overview

The Secondary Market module enables peer-to-peer trading of fractional tokens. The router enforces compliance checks and routes trades to Seaport or executes minimal direct swaps.

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Purpose

• Enable secondary liquidity.

• Enforce compliance.

• Collect protocol fees.

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Key Features

• Seaport integration.

• Direct swaps for fractions.

• Fee routing.

• Permissioned eligibility enforcement.

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Roles

• Admin – sets treasury, fee, Seaport.

• Pauser – pause/unpause.

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Files

• contracts/market/P2PRouter.sol

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Example Flow

1. Seller signs off-chain Seaport order.

2. Buyer submits to P2PRouter.fulfillWithSeaport().

3. Compliance enforced on maker/taker.

4. Order executed via Seaport.

5. Protocol fee routed to treasury.

For direct swaps:

• Buyer calls directSwap().

• Compliance checked.

• Fractions transferred seller→buyer, stablecoin transferred buyer→seller.