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20 Jun, 7 tweets, 4 min read
1) @solana's lightning-fast environment makes on-chain derivatives/options protocol interesting. A thread on the Solana on-chain derivatives protocol.
2)@SoteriaCurrency is a P2P perpetual swap protocol uses @PythNetwork oracle to access index prices and SPL standard for long/short positions. It leverages pool-based AMM for better liquidity and market accessibility, liquidation is handled through 3rd party liquidators.
3) @ZetaMarkets and @MoetFi is an under-collateralized options trading protocol on @solana. It uses a hybrid CLOB and vAMM model that allows for efficient pricing and deep liquidity, achieving under-collateralization.
4) It utilizes a global collateral vault (GCV) and clearinghouse smart contract that manages collateral on a global level.
5) The vAMM uses a global volatility surface and the BSM pricing model to derive prices for #options. Its volatility adjustment mechanism will adjust the volatility parameter accordingly for each trade.
6)@PsyOption is an American-style options protocol built on the @solana blockchain. Its V1 will support 100% collateralized assert settled, covered calls, and secured puts.
7) B.Options is a peer-to-peer binary option protocol based on Solana Blockchain. One user must create a market for a binary option. Binary options are settled using data from the @PythNetwork oracle. @crispheaney

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More from @0xminion

19 Jun
1) The weekend vibe, going through the @solana Season Hackathon projects. #DeFi on Solana is still in its infancy with a lack of key infrastructures. This presents unique opportunities for the market to fill these gaps. A thread on the lending/Money Market protocols on Solana.
2) @solendprotocol is an algorithmic, decentralized protocol for lending and borrowing on @solana, featuring leverage long/short, interest-bearing collateral tokens (cTokens), AMM LP positions as collateral, isolated lending, and credit market on Solana. Image
3) Earn and borrow against any SPL tokens, borrow against any AMM LP position, leverage long/short any SPL token. Image
Read 15 tweets
6 May
1) On AMMs, On-chain is a completely different world compared to off-chain, I’m a firm believer that the concept of on-chain order book does not work due to its complexity involved in making a market, transaction costs for constantly shifting orders.
2) Not to mention the speed of matching orders where centralized ones can do a way better job than the decentralized counterpart. Constant Function Market Makers: #DeFi’s “Zero to One” Innovation. medium.com/bollinger-inve…
3) With @Uniswap #UNI V3 launched, we are now entering the capital efficiency era in the #DeFi world. Now, let’s talk about the various AMM models on the market, starting with the most intuitive one which has formed the cornerstone of where we are today.
Read 36 tweets
30 Apr
1) We really are on the multichain universe narrative now. So I did a quick analysis on mkt cap, liquidity/TVL comparison, the lower the Circulating Mkt Cap/TVL Ratio, the better. The lower the Circulating Mkt Cap as % of Main Chain, the more potential upside that has. Image
2) On Ethereum, we’ve got @Uniswap and @SushiSwap, On BSC, we’ve got @PancakeSwap On @0xPolygon, We’ve got @QuickswapDEX, On @xdaichain we’ve got @Honeyswap On @FantomFDN, we’ve got @Spirit_Swap and @SpookySwap, on @avalancheavax, we’ve got @pangolindex
3) On @HECO_Chain, we’ve got @Mdextec, on @solana , we’ve got @RaydiumProtocol
Read 5 tweets
23 Feb
Doing heavy research on #NFT recently, so I thought it might be a good idea to gather all the pieces that I personally find interesting in a single thread. This thread is a working piece dedicated to #NFT.
1: The Non-Fungible Token Bible: Everything you n eed to know about NFTs By @dfinzer opensea.io/blog/guides/no…
2: The Furry Lisa, CryptoArt, & The New Economy Of Digital Creativity by founder of @Behance, cpo @Adobe

scottbelsky.medium.com/the-furry-lisa…
Read 39 tweets
29 Jul 20
1) Some thoughts on @FinanceYfii and @iearnfinance . There are very different mindsets between the east and the west, looking how this event unfolded from two-sided is quite interesting. First of all, salute to @AndreCronjeTech for creating the @iearnfinance protocol.
2) @iearnfinance by @AndreCronjeTech created a huge hype in the Chinese crypto space, part of the $YFI community in China is interested in the governance, but I believe many people who heard about $YFI are more interested in the high yield that YFI token brought to the space.
3) We expected there would be a fork of $YFI protocol in the market to generate additional hype in the market to let people chasing the yield. Due to language and technical barriers, many people in the Chinese community were unable to participate in the $YFI farming.
Read 21 tweets

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