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2/n DeFi money blocks do not work exactly the same as traditional finance. A clear example is an exchange like Uni. There is no order book. Options will not be the exception...
3/n @0mllwntrmt3 came up with a great idea.
Liquidity pools to fund option buyers.
v1 was a great first step, concept was proven.
Liquidity pools to fund option buyers.
v1 was a great first step, concept was proven.
4/n Today, v888 shows that @0mllwntrmt3 can execute and that she is ready to build on top. Check the 2020 roadmap: https://medium.com/hegic/hegic-2020-roadmap-f32b098e547d @HegicOptions is delivering!
5/n The amazing thing about crypto and open source is that you can participate and put your effort/money where your mouth is. I use @iearnfinance and I wanted to create strategies using options.
6/n @mattdwest and I joined forces in the ETHOnline hackathon and we created a Hegic vault. After discussing with the yearn team, we decided to adapt our strategy for vault v2 API.
7/n Vault v2 opens a new chapter for @iearnfinance.
If you don't know what vault v2 is capable of, hold my hand, we are going to the future, and in DeFi's terms, that can be months...
If you don't know what vault v2 is capable of, hold my hand, we are going to the future, and in DeFi's terms, that can be months...
8/n We can deposit Hegic in the yHegic vault.
Vaults v2 allow to hold up to 20 different strategies.
Our funds will be distributed between yield competing strategies. eth staking and hegic leveraged lending to mention a few.
Vaults v2 allow to hold up to 20 different strategies.
Our funds will be distributed between yield competing strategies. eth staking and hegic leveraged lending to mention a few.
9/n One of yETH vault's strategy is buying eth call options.
One of yWBTC vault's strategy is providing liquidity to the options pool.
Part of the yDAI vault is using put options to protect against a market crash.
One of yWBTC vault's strategy is providing liquidity to the options pool.
Part of the yDAI vault is using put options to protect against a market crash.
10/n At this point, @HegicOptions is about to release a new version of the protocol.
Users will be able to create more complex option strategies.
Butterflies and Iron Condors are now a possibility...
Users will be able to create more complex option strategies.
Butterflies and Iron Condors are now a possibility...
11/n We are back to present day. Hegic v888 is 3 weeks old.
The protocol has less than 1000 contracts created.
This is just getting started.
Let's build the future!
The protocol has less than 1000 contracts created.
This is just getting started.
Let's build the future!
