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What Tobin is
Tobin is a proposed open, non-custodial clearing protocol for financial institutions on Stellar. Institutions record the payments they owe each other, a deterministic calculation nets them, the participants review the result, and only the net positions are settled.
Specification and testnet validation stage. Experimental. Test assets only. Not audited.
How clearing worksShowHide
- A owes B100
- B owes C80
- C owes A70
- Gross
- 250
- Net that moves
- 30
Netting cancels the ring. Only a net position of 30 has to be settled instead of three payments totalling 250.