Thread by @pokpok_io

1/10: Options are complex. How are we making it easy for everyone? A 🧵:
#Options #NFTs #Crypto #DeFi #GameFi #P2E #Trading #OptionsTrading #Volatility #Sustainability

2/10: We’ve seen the DeFi implosion driven by unsustainable yield farming and leverage, and the collapse of P2E GameFi built on ponzinomics. What if P2E was driven by proven real world market activities? Cue GameFi backed by Pay-As-You-Go (PAYG) Options aka PokPok Protocol

3/10: When you purchase a PAYG option, you only pay a small % of the premium upfront, and fund the rest over the option's life. You can default and save the remaining funds if you decide you've made a wrong call. This SAVES you $$$.

4/10: The concept of options can be hard to understand. At PokPok, we’re using PAYG options to simplify this process with gamified mechanics, where every stage in an option’s lifecycle is represented by an in-game action.

5/10: In this world of feathers and gold, YOUR CHOICES determine the fate of your flock. Chickens live and die at your whims, as your prediction over asset prices determine their fates. FEED them, BURN them, or send them to your farm for a chance to HARVEST precious GOLDEN EGGS

6/10: HATCH: Purchasing a PAYG option is represented by the minting of a chicken NFT, with a % of the premium being funded upfront. You have to pick a direction of ETH, and will see your chicken grow fatter as it accrues more profit (tied to the price of ETH).

7/10: FEED: Servicing the PAYG option is represented by feeding your minted chickens. You may choose to to stop feeding and cut losses if the market moves in the wrong direction (your chickens, your choice)

8/10: HARVEST: If your chicken is well fed and healthy (profitable), you may choose to stake them to generate golden eggs. Golden eggs are ERC20 tokens that when burned, entitle you to a time-limited share of protocol revenue. Read more at bit.ly/3QZIrOi

9/10: BURN: If your chicken is diseased or sick (unprofitable), you may choose to burn it and cash out. However in doing so, you forgo the opportunity to generate golden eggs from your healthy chickens!

10/10: Check out our whitepaper at bit.ly/3A9L4GK
Inspired by @FTX_Official @DeribitExchange @opyn_ @ribbonfinance @dopex_io