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Pods Finance

Grant Accepts Any Token

Last Update: 1 week, 5 days ago

CATEGORIES

Defi

MATCH ROUND 6

7 DAI

MATCH ESTIMATE

ROUND

35 DAI
8 contributors

Description

{"ops":[{"attributes":{"background":"transparent","color":"#000000","bold":true},"insert":"Options are limitless on Ethereum"},{"attributes":{"align":"justify","header":1},"insert":"\n"},{"insert":"\n"},{"attributes":{"background":"transparent","color":"#000000"},"insert":"Crypto is volatile and that is scary for some people."},{"attributes":{"align":"justify"},"insert":"\n"},{"attributes":{"background":"transparent","color":"#000000"},"insert":"But what if people could manage their risk while investing in crypto and feel comfortable about it? Derivatives allow users to do that. We are working to make users comfortable with crypto volatility by making efficient options easier to use."},{"attributes":{"align":"justify"},"insert":"\n"},{"insert":"\n"},{"attributes":{"background":"transparent","color":"#000000","bold":true},"insert":"What is Pods?"},{"attributes":{"header":2},"insert":"\n"},{"attributes":{"background":"transparent","color":"#000000"},"insert":"Pods is a decentralized non-custodial options protocol where users participate as either sellers or buyers for both puts and calls on any ERC20 token. "},{"attributes":{"background":"transparent","color":"#292929"},"insert":"Pods combine assets under an options infrastructure to form structured products allowing users to interact with more flexible investment products and sophisticated hedging."},{"insert":"\n\n"},{"attributes":{"background":"transparent","color":"#000000"},"insert":"✅Interest bearing collateral pools allow options sellers to get the option premium + the interest paid on Aave USDC lending pool."},{"attributes":{"align":"justify"},"insert":"\n"},{"attributes":{"background":"transparent","color":"#000000"},"insert":"✅WBTC, ETH, ETH:BTC ratio and more!"},{"attributes":{"align":"justify"},"insert":"\n"},{"attributes":{"background":"transparent","color":"#000000"},"insert":"✅No price oracles; liquidation systems; or exposure to admin keys."},{"attributes":{"align":"justify"},"insert":"\n"},{"insert":"\n"},{"attributes":{"background":"transparent","color":"#000000"},"insert":"Any user can interact with the protocol directly from their wallet, without a deposit or registering beforehand."},{"attributes":{"align":"justify"},"insert":"\n"},{"insert":"\n"},{"attributes":{"background":"transparent","color":"#000000"},"insert":"Live on Kovan testnet, audits are coming in July 2020."},{"attributes":{"align":"justify"},"insert":"\n"},{"insert":"\n"},{"attributes":{"background":"transparent","color":"#000000","bold":true},"insert":"Have I seen you before?"},{"attributes":{"align":"justify","header":2},"insert":"\n"},{"attributes":{"background":"transparent","color":"#292929"},"insert":"Maybe, yes! We love options a lot and we have a history with it.😅"},{"insert":"\n"},{"attributes":{"background":"transparent","color":"#292929"},"insert":"If you saw us before, we're happy to see you again!"},{"attributes":{"align":"justify"},"insert":"\n"},{"insert":"\n"},{"attributes":{"background":"transparent","color":"#292929"},"insert":"Back in November 2019, we launched "},{"attributes":{"color":"#1155cc","link":"https://medium.com/ohmydai/introducing-ohmydai-1b9cafeecff8"},"insert":"ohmydai"},{"attributes":{"color":"#292929","background":"transparent"},"insert":" on "},{"attributes":{"color":"#1155cc","link":"https://ohmydai.io/"},"insert":"mainnet"},{"attributes":{"color":"#292929","background":"transparent"},"insert":". Ohmydai was a side project we did to implement American Put options for DAI:USDC pairs and offer hedge for investors skeptical of the DAI peg before the multi-colateral DAI (MCD) update."},{"attributes":{"align":"justify"},"insert":"\n"},{"attributes":{"background":"transparent","color":"#292929"},"insert":"Then we evolved it into "},{"attributes":{"color":"#1155cc","link":"https://ohmydefi.com/"},"insert":"ohmydefi"},{"attributes":{"color":"#292929","background":"transparent"},"insert":" during "},{"attributes":{"color":"#1155cc","link":"https://www.youtube.com/watch?v=UN44srvyYZg"},"insert":"ETHDenver 2020"},{"attributes":{"color":"#292929","background":"transparent"},"insert":", where we not only added call options and did it for ETH:DAI pair, but we also combined puts and calls to form a long straddle, allowing the user to benefit from volatility."},{"attributes":{"align":"justify"},"insert":"\n"},{"insert":"\n"},{"attributes":{"background":"transparent","color":"#000000","bold":true},"insert":"Build with us!"},{"attributes":{"header":2},"insert":"\n"},{"attributes":{"background":"transparent","color":"#000000"},"insert":"We are looking forward to building this with you. Join our community discussions and feel free to share your thoughts and feedback, we'll be glad to have you around!"},{"insert":"\n\n"},{"attributes":{"color":"#1155cc","link":"https://pods.finance/"},"insert":"Website"},{"insert":"\n"},{"attributes":{"color":"#1155cc","link":"https://github.com/pods-finance"},"insert":"Github"},{"insert":"\n"},{"attributes":{"color":"#1155cc","link":"https://twitter.com/PodsFinance"},"insert":"Twitter"},{"insert":"\n"},{"attributes":{"color":"#1155cc","link":"https://discord.gg/Qf7utym"},"insert":"Discord"},{"insert":"\n"},{"attributes":{"color":"#1155cc","link":"https://medium.com/podsfinance/money-legos-with-options-f7cb917facb5"},"insert":"Medium"},{"insert":"\n"}]}

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