2lambroz.eth 🐑 Profile picture
Jan 17 14 tweets 9 min read
#13 @wasabi_protocol

The Decentralized #NFT Options Protocol

In this thread
1) TLDR
2) What is Wasabi protocol
3) How does it work
4) What does it enable
5) What are the challenges
6) Summary Image
TLDR
It is a #NFT #option protocol with a to be confirm "collateral pool" model, seem Image
How does it work

So it basically works as a normal option.
Buy Option

1. Put (i think going down)
2. Call (i think going up)
Sell option

1. Put (i think it will going up or remain unchanged *to earn premium*)
2. Call (i think it will go down or remain unchanged *to earn premium*)
Wasabi’s gitbook currently doesn’t state how is the “collateral pool works”. They stated it might be sell/LP. I’d imagine it might be using actual NFT as collateral or over collateral amount of ETH. Image
So wen/how would you use this protocol?

E.g. if i am bullish on moonbird. Which current floor price is 7.3 and i think it would be above 9.2(break even point) I can buy the option with “premium”0.29 and earn any profit above 9.2
E.g if it goes up to 15 you will earn 15-9.2=5.8 Image
E.g if I am bearish on moonbird, floor price is 7.3 and i think it will drop below 6.36 (break even point) i can buy the option with 0.64eth premium and earn any profit if it drop below 6.36. Image
Writer/sell..? Unknown follow me to keep up to date.
(how to earn if the price remain unchanged) Image
What does can wasabi enable

- Lower cost in hedging
- Lower to leverage on price speculation
- potential earn yield on your nft (depending on pool model) Image
What are the challenges

Like all on chain options, I’d imagine there will be difficulty in matching maker (LP or NFT provider, option contract writer). If it were to use NFT as settle will there be enough liquidity?

Also how are the option priced? How do you set the premium? Image
Summary

Options for #NFT will be interesting to use,I look forward to how the pool is structured and the price of the option. It will be interesting to see how the team merge option, which is typically not a option friendly market with NFTs which is a very retail heavy market. Image
Thank you again for reading, if you made it till here u are a true fren.
I am currently looking for some group/community to join to chat about crypto even more n meetin frens. lmk or dm me if you have any good ones!

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More from @2lambro

Jan 19
#15 @Tribe3Official Gamified #NFT Perpetual DEX
Perpetual + NFT + Community

In this thread
1. TLDR What is Tribe 3
2. How does it work?
3. Similar product yet different approach
4. Summary

#nftifi #socialfi Image
TLDR

Tribe3 is a perpetual dex that allows users to leverage trade #NFTs up to 5x with a social trading aspect included in their DEX. Image
How does the protocol work?
Tribe3 has two price
-Futures (vAMM Price)
-Spot (Oracle Price)

Just like my previous post on nftperp, they both use vAMM model.
Read 17 tweets
Jan 18
#14 @quasar
#Cosmo based defi protocol that raised 5.4m at 70m valuation !? with tier 1 investors @shimacapital @polychain @blockchaincap @sunnya97 (@osmosiszone founder)

In this thread
1) TLDR - What is Quasar
2) How does Quasar work
3) Opportunities & Challenges
4) Summary Image
First off, as a big #cosmo fan, I am quite excited on a team with resources building with cosmo sdk & IBC

TLDR
Quasar allows users to launch vaults with DeFi strategies with IBC enabled protocol permissionlessly. Image
How does it work
It is an early protocol and most of the gitbook is not not finished yet. From it seems like

There are different roles within the ecosystem
-Vault Creators
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Read 14 tweets
Jan 14
#11 @Surge_Fi Pre-Thread

New approach on collateral ratio in lending protocol & more
(i guess?)

They seem to be a new protocol with only an interesting medium post. Discord only opens for a short period of time and FOMO me into reading into it
In this thread

1)TLDR of what I know about @Surge_Fi so Far
2)Surge threshold, Algorithmic collateral ratio for liquidation
3)isolated lending pairs + supply-side aggregation
4)summary + me trying to get into discord & gitbook
TLDR

I came across a early stage interesting interesting protocol with only a medium.

It allow users to permissionlessly launch lending pools for token with parameters of
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-collateral token
-collateral ratio
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Read 19 tweets
Jan 14
#BNB Chain European Innovation Incubator Winners

I have gathered the list of winners from the BNB Chain European Innovation Incubator so you don’t have to.

These projects are filtered by $BNB Chain + having the resources of BNB might be worth keeping an eye on.
@theblockless

Customizable Execution Layer for web3

Blockless is a WASM-based, verifiable serveless platform. It is Modular layer that allows you to build dapps with flexibility, scalability & reliability whether you’re building blockchain oracles, web3 indexers, #NFT platforms
Read 23 tweets
Jan 13
#9 @pendle_fi bringing fixed yield to DeFi yield, creating a yield market.
It allows users to tokenize & sell future yield.

In this thread
1. TLDR
2. How does the protocol works
3. Trading & farming opportunity
4. Interesting views on yield right now
5. Summary Image
Pendle finance locks yield-bearing tokens into Princple Token (PT) and Yield Token (YT).

PT & YT can be traded via a custom V2 AMM. PT can be claimed upon mature date and YT can be claimed anytime Image
How does the protocol work

Using #stETH to explain
1. 2stETH staked in Lido.
2. Tokenised 2stETH into “2PTstETH” & “2YTstETH”
3. Redeem your 2stETH upon maturity date, or sell it on the market at a discount for liquidity
4. Claim your YT anytime, or sell the YT for liquidity Image
Read 19 tweets
Jan 12
@vela_exchange
@arbitrum new perpetual exchange public beta launching 18th January

In this Thread
1) TLDR
2) How does the protocol works
3) Providing Liquidity
4) Fee sharing model
5) $VELA & $eVELAToken Utility
6) Hyper $VLP rewards
7) Summary
TLDR

Vela Exchange is a decentralised perpetual exchange offering crypto, forex and market capitalization. ( yes, you can soon speculate the $USDC mcap )
How does the protocol work

Trader Point of view
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Forex - $EUR, $GBP, $JPY up to 100x
Market Cap - USDC Mcap up to 30x (soon)

Also allows limit, stop market , stop limit, take profit/ stop loss, Trailing stop order
Read 20 tweets

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