A monster 𧡠on #OpFi + $DPX and why the two are going to be integral in ushering a new era for not only the adoption of on-chain options, but all of DeFi. π
Sounds like a gargantuan task.
Let's take a look at how they're going to pull it off. π
Sounds like a gargantuan task.
Let's take a look at how they're going to pull it off. π
Last week @tztokchad published a Medium article detailing some first thoughts and applications for #OpFi.
If you haven't read it, I highly recommend you do so below before proceeding.
You'll get more out of the thread when you have the context. π
medium.com/@tztokchad/optβ¦
If you haven't read it, I highly recommend you do so below before proceeding.
You'll get more out of the thread when you have the context. π
medium.com/@tztokchad/optβ¦
In this thread, I'm not going to go in to detail on the applications of #OpFi.
What I will do instead is...
1) Explain them in ultra-simple terms
2) Explore what they mean for $DPX
3) Assess the 2nd order consequences for DeFi
This will be lengthy!
Get comfortable. β
What I will do instead is...
1) Explain them in ultra-simple terms
2) Explore what they mean for $DPX
3) Assess the 2nd order consequences for DeFi
This will be lengthy!
Get comfortable. β
At its very simplest: #OpFi is DeFi, but powered by options.
Through extremely innovative use of options in the background, users can soon do things in DeFi that weren't previously possible.
The holy grail of DeFi. No longer limited to TradFi apps on-chain.
NEW STUFF.
Through extremely innovative use of options in the background, users can soon do things in DeFi that weren't previously possible.
The holy grail of DeFi. No longer limited to TradFi apps on-chain.
NEW STUFF.
Let's get in to the applications.
Remember - ultra-simple and short, from a user's perspective. ποΈ
1) Atlantic Straddles - bet on volatility (enough up or down price action and you make money)
2) Atlantic Insured Perps - go max lev. long, can't get liquidated. Soon w/ $GMX!
Remember - ultra-simple and short, from a user's perspective. ποΈ
1) Atlantic Straddles - bet on volatility (enough up or down price action and you make money)
2) Atlantic Insured Perps - go max lev. long, can't get liquidated. Soon w/ $GMX!
3) Put-Based Lending - borrow high LTV, can't get liquidated. Also allows for under-collateralized lending
4) Synthetic Option Perps - basically perps, but better. Keep direction bias even if liquidated + higher max lev. closer to expiry with less capital due to decay
4) Synthetic Option Perps - basically perps, but better. Keep direction bias even if liquidated + higher max lev. closer to expiry with less capital due to decay
5) Stablecoin Option Vaults - de-peg speculation, cheaper swaps than Curve (dependant on circumstances), fix rates on Curve, better yield for LPs.
Watch out @y2kfinance and @CurveFinance. π
Watch out @y2kfinance and @CurveFinance. π
Now that you have the basics, let's get to the exciting stuff - what does this all mean for @dopex_io?
This is all ground-breaking DeFi innovation. Any one of these products could be a project on their own.
Yet now it's all coming from Dopex.
This is all ground-breaking DeFi innovation. Any one of these products could be a project on their own.
Yet now it's all coming from Dopex.
Before the concept of #OpFi, the TAM of Dopex was the crypto options market.
Massive in its own right.
After #OpFi, the TAM is options, perps, lending, stableswaps and volatility products.
It's a paradigm shift of multiple orders of magnitude.
Without exaggeration.
Massive in its own right.
After #OpFi, the TAM is options, perps, lending, stableswaps and volatility products.
It's a paradigm shift of multiple orders of magnitude.
Without exaggeration.
It's also not cannibalistic to other projects per se, as stuff like Atlantic Insured Perps can be used to better any DEX - starting with $GMX.
How many users do you think would like cheap liquidation protection?
It's a HUGE advantage.
All DEXes will want to integrate it.
How many users do you think would like cheap liquidation protection?
It's a HUGE advantage.
All DEXes will want to integrate it.
The power comes from not re-inventing the wheel, but making the wheel better.
From horse carriages to automobiles.
#OpFi will make every DeFi application we know today better.
There will soon be no point in using the worse version when there's a better option available.
From horse carriages to automobiles.
#OpFi will make every DeFi application we know today better.
There will soon be no point in using the worse version when there's a better option available.
What about the fees?
All the fees from all these products accrue to $veDPX. We don't have concrete fee structures yet, but I fully expect $DPX to print massive fees in 23'.
As a reminder, to get max-locked $veDPX yield while staying liquid...
Head to @PlutusDAO_io. π
All the fees from all these products accrue to $veDPX. We don't have concrete fee structures yet, but I fully expect $DPX to print massive fees in 23'.
As a reminder, to get max-locked $veDPX yield while staying liquid...
Head to @PlutusDAO_io. π
Most of this is going live in Q1. Right around the corner.
I believe the biggest challenges to pulling it all off is liquidity (tricky puzzle for any options project to do in a fair way) and user education.
That said, I have full faith in the $DPX team.
Chads, all of them.
I believe the biggest challenges to pulling it all off is liquidity (tricky puzzle for any options project to do in a fair way) and user education.
That said, I have full faith in the $DPX team.
Chads, all of them.
There's a lot of things in crypto that you can fork.
But you can't fork adaptability, community and a strong team.
All three core competencies of @dopex_io.
But you can't fork adaptability, community and a strong team.
All three core competencies of @dopex_io.
The fundamentals for $DPX have never been this bullish.
You've all read the 2023 predictions where analysts all claim in unison that 23' will be the year of on-chain options. π
$DPX is at the forefront of that narrative and innovating in ways beyond any competition.
You've all read the 2023 predictions where analysts all claim in unison that 23' will be the year of on-chain options. π
$DPX is at the forefront of that narrative and innovating in ways beyond any competition.
The moment these products go live, I'll be going in to more detail with all the numbers.
In 23' Dopex will cement its place as a DeFi behemoth, powering some of the best apps in DeFi while simultaneously creating some of its own.
To say I'm excited is an understatement. π
In 23' Dopex will cement its place as a DeFi behemoth, powering some of the best apps in DeFi while simultaneously creating some of its own.
To say I'm excited is an understatement. π
#OpFi also has profound and broad-reaching implications for both @orbitaldex and @PlutusDAO_io.
The synergies between the three will only further set them apart from competition on all three fronts.
It'll look obvious in hindsight.
But that's a thread for another day. π€«
The synergies between the three will only further set them apart from competition on all three fronts.
It'll look obvious in hindsight.
But that's a thread for another day. π€«
Thank you for reading!
My DM's are always open if you want to chat or spar.
Remember, nothing I say is financial advice and all opinions are my own.
If you enjoy my content, spread the love and drop a follow, like and re-tweet. ππ
My DM's are always open if you want to chat or spar.
Remember, nothing I say is financial advice and all opinions are my own.
If you enjoy my content, spread the love and drop a follow, like and re-tweet. ππ
cc:ing some chads
@0xMrFreeze
@0x_ultra
@AvgJoesCrypto
@DeFiSurfer808
@FroyoFren
@ethersole
@Mike_Crypto
@tztokchad
@chutoro_au
@tanoeth
@riley_gmi
@degensensei
@dluxgmi
@SmallCapScience
@0xJezza
@DAdvisoor
@1sat1c
@SalomonCrypto
@conzimp
@0xMrFreeze
@0x_ultra
@AvgJoesCrypto
@DeFiSurfer808
@FroyoFren
@ethersole
@Mike_Crypto
@tztokchad
@chutoro_au
@tanoeth
@riley_gmi
@degensensei
@dluxgmi
@SmallCapScience
@0xJezza
@DAdvisoor
@1sat1c
@SalomonCrypto
@conzimp
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