Introducing TTT (Time-Traveling Tokens): Rewind Your Trades and Take Control

Have you ever made a bad trade and wished you could go back in time? Introducing Time Traveling Tokens (TTT), a new tokenomics that lets holders set a "return point" — a checkpoint that locks in your balance before making a risky decision.

With TTT, you can rewind trades, borrow without collateral, and even receive upfront yield — all while staying in full control of your assets.

Counterfactual is the pioneering protocol behind this innovative token. In this post, we’ll explore the possibilities unlocked by TTT.

In DeFi today, once a trade is executed, you’re locked into the result. Whether the market moves against you or your strategy doesn’t play out as planned, there’s no going back.

TTT introduces a Trading Rewind mechanism that allows users to set a checkpoint before executing a trade. If the market doesn’t behave as expected, you can use the rewind feature to undo part or all of the trade, giving you a second chance to recover from an unfavorable outcome.

Example:

Alice swaps 100 TTT tokens for ETH, setting a maximum reversion percentage of 50% at the time of the trade. If the market crashes, Alice can activate the rewind feature and recover 50 TTT tokens (50% of the original amount), minimizing her loss while staying protected.

This feature provides a safety net against unexpected market movements, giving traders more confidence and flexibility.

In current DeFi systems, borrowing usually requires over-collateralization, meaning you have to lock up more value than you borrow. TTT envisions a world where you can borrow tokens without collateral, while still ensuring the lender’s security through the reversion mechanism.

A checkpoint is set when the loan is issued, and the borrower receives tokens for a specific time window. Borrowers can use these tokens across DeFi protocols for trading, staking, or providing liquidity.

Example:

Bob borrows 1,000 TTT tokens with a 7-day lending window. He uses the tokens for staking and trading, without locking up any collateral. After the first week, Bob realizes it’s beneficial to stay in the borrowing position longer, so he extends the loan for another week by paying an extension fee. If Bob doesn’t extend, the reversion kicks in, and the tokens automatically return to the lender.

With TTT, the need for collateral disappears. This system ensures lenders’ security, making borrowing trustless and eliminating the need for over-collateralization.

Yield farming is one of the most popular DeFi activities, but it usually requires waiting for rewards over time. TTT envisions a model where users can receive their full yield upfront, with the flexibility to engage in various DeFi activities without waiting for rewards to accrue.

In this model, farmers would receive their entire yield on Day 0 but would need to meet certain conditions (e.g., providing liquidity for a set period). If the conditions aren’t met, part of their yield would be reverted.

Example:

Jane could receive 10,000 TTT tokens as yield upfront. She would then need to provide liquidity for 14 days. If she fails to meet the requirement, a portion of her yield would revert back to the contract. During this time, Jane could also use her tokens for staking or margin trading, allowing her to maximize her yield farming strategy.

Similar to upfront yield farming, TTT will be applied to retroactive airdrops, but with a unique twist. Instead of just distributing tokens upfront and hoping users stick around, TTT ensures participants stay engaged by setting conditions for token unlocks.

One of the biggest problems with traditional airdrops is that farmers or hunters receive tokens early and quickly disappear. TTT solves this by motivating participants to act in alignment with the protocol’s goals until the time window ends, keeping them active and committed throughout the entire period.

Example:

5,000 TTT tokens were airdropped to early users, with a condition that they must complete certain actions like interacting with governance, voting, or using Counterfactual within 30 days. If they fail to participate in these activities, the tokens would be reverted back to the treasury. This way, the airdrop rewards only those users who contribute meaningfully, ensuring the tokens go to participants who are actively engaged with the ecosystem.

The final application of TTT introduces an innovative governance model. Holders can vote-lock their tokens into veTTT, following a traditional ve (vote-escrow) model where the balance decays over time.

However, the twist is that if holders fail to participate in governance under specific criteria (e.g., casting at least one vote per week), their veTTT power will be lost. This mechanism ensures active participation and rewards those who remain engaged in the protocol’s decision-making process.

TTT is introducing a new era of flexibility and control in DeFi. By enabling checkpoints and reversion mechanisms, TTT offers a fresh approach to tokenomics, allowing users to take part in rewinding trades, borrowing without collateral, receiving upfront yield, and unlocking conditional airdrops.

This concept offers a powerful set of tools that could transform how DeFi protocols function, providing a more flexible and user-friendly DeFi ecosystem for traders, liquidity providers, and yield farmers.

TTT will soon be airdropped to past Ethereum traders with activity on Uniswap, Sushiswap, Curve, Balancer, and more. Follow us on X for updates!