defi
= DeFi notes
2024 - Jun
https://www.hermetica.fi/ https://decrypt.co/239925/bitcoin-developers-launch-btc-backed-stablecoin-as-rune-token “The protocol accomplishes this by coupling a spot BTC position with a short perpetual futures position,” explained Schillinger. The protocol’s design mimics that of Ethena, pioneers of the Ethereum-based stablecoin USDe
2023 - May
DeFiLlama
Long-Short Strat
Given one trusted coin (T) and one untrusted coin (U), deposit both in liquidity pool. Early LP rewards.
- risk: U price drop devalues both the pool deposit and and previous rewards
- mitigate: short U (buy puts) with strike price as current price of U
- problem: no options market for U
- boost: short U on a perpetual derivatives platform, collecting hourly fee
- problem: derivatives platform pays only when short is against market sentiment (more longs than shorts)
defi.txt · Last modified: 2024/07/17 03:19 by donpdonp