1 year ago
PRESS RELEASE. DeOrderBook, a groundbreaking decentralized concern (DeFi) optionality protocol, is gearing up for its Ethereum mainnet launch, ushering successful a caller epoch for DeFi users who question unprecedented superior flexibility, precocious hedging mechanisms, and sustainable existent yield.
At launch, the protocol supports $WBTC and $USDC though the squad is actively moving connected enactment for further coins and chains.
What makes DeOrderBook particularly interesting?
DeOrderBook’s unsocial plan represents a important departure from accepted DeFi protocols by providing an automated mode to monetise an optionality presumption — deliberation astir it arsenic a Uniswap for optionality. We created a coherent demand-and-supply strategy for the $DOB token to enactment arsenic the magnet for optionality-writing liquidity portion simultaneously providing a robust auction-like mechanics for the request broadside that catches the full scope of optionality-rights generated by the protocol. Combined with fee-sharing, this gives DeOrderBook a important vantage successful mechanics plan that is built astir dependable tokenomics.
Moreover, from a information perspective, DeOrderBook’s strategy is that the large movers successful DeFi request a protocol wherever their hazard tin beryllium wholly bound. To present connected that premise, we designed a protocol that is genuinely trustless (i.e. 100% DeFi) wherever not lone we managed to destruct each sorts of counterparty (including custodial risks) and recognition risks but adjacent removed oracles wholly from the plan by moving done the fundamentals of options plan and crippled theory.
The effect is an optionality protocol that is unparalleled successful its inferior and information successful either CeFi oregon DeFi. This innovative exemplary guarantees a just and transparent trading situation that eliminates “black container mechanisms” and different sources of catastrophic failures (e.g. oracle hacks, atrocious debt, oregon custodial malfeasance) that precipitated the bearish rhythm we spot successful crypto contiguous (i.e. preventable collapses of Terra, 3AC, and FTX).
How to participate
On DeOrderBook, the main idiosyncratic enactment is the placement of DeOrders, which enactment likewise to warrants successful CeFi arsenic a minimal-risk mode to constitute upside oregon downside optionality. Once a idiosyncratic places their funds successful a DeOrder, they instantly statesman accruing rewards successful $DOB, the platform’s autochthonal token. Even if a DeOrder doesn’t extremity up ‘in the money’, users are capable to person backmost the bulk of their archetypal collateral (plus their $DOB), little a 0.2% fee.
Join the Gerege NFT Program
DeOrderBook’s motorboat is besides accompanied by its unsocial Gerege NFT programme which is designed to further incentivize idiosyncratic engagement with the protocol. The NFT programme was inspired by past passports granted by the Mongolian empire to facilitate escaped trade, and successful the aforesaid vein this programme allows users to entree the maximal level of functionality offered by the protocol.
NFTs tin beryllium leveled up done progressive information successful the community, which successful crook increases the percent of fee-sharing that users tin enjoy. In addition, users are incentivized to get successful aboriginal with a unsocial strategy of pricing mechanics with a 25% summation each 500 mints, taxable to alteration by the community. A 1 twelvemonth guaranteed buyback strategy for the archetypal 500 NFTs minted ensures that aboriginal adopters get a risk-free proceedings of the benefits of holding a Gerege NFT.
The archetypal postulation of Silver Gerege NFTs is already unrecorded connected the Ethereum mainnet and presently connected backstage mint. In bid to whitelist each you person to bash is registry and validate your wallet. Users with mainnet balances of 0.005 $WBTC volition beryllium eligible for whitelisting.
DeOrderBook’s Mainnet Launch
By combining precocious tokenomics, oracle-free operations, and a user-centric approach, DeOrderBook’s imminent mainnet motorboat is acceptable to disrupt the DeFi landscape, pushing the boundaries of what has been done earlier and empowering each idiosyncratic to marque the astir of their crypto holdings.
To larn more, travel DeOrderBook on Twitter oregon join the Discord to get the latest updates connected the protocol. The protocol’s Youtube channel features heavy dives and tutorials into the protocol, portion its Mirror page regularly updates with caller articles and assemblage updates.
About DeOrderBook
DeOrderBook is simply a genuinely trustless optionality protocol that offers existent yield, works without oracles, and solves superior inefficiency successful some DeFi and TradFi optionality markets. Users whitethorn articulation its fee-sharing NFT programme to further boost their rewards. DeOrderBook is launching eminently successful the Ethereum mainnet with a Bitcoin optionality market.
Press Contact:
Renee
Product Marketing Manager
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