Week ending 17th April
DVix Volatility Trading Platform coming soon to UMA.
Decentralised volatility products are coming soon to UMA, though the DVix Protocol, which will facilitate trading the variation in price that an asset experiences over a given period of time. In anticipation of the launch, there is an overview available, and for a deeper dive into the mechanics of volatility trading, a methodology paper which explains the models used and assumptions made is also available. This is the first protocol to allow decentralised volatility trading in a permissionless manner.
uStonks — tracking the ten most mentioned stocks on r/wallstreetbets — has seen its value rise over 100% since the snapshot was taken for the base index on 31st Dec 20. As the expiry for the first round of uStonks EMPs approaches on 21st April a new June expiry token will take its place. While you are waiting for the rollover, this video from one of the winners of Phase 1 of the XIO Accelerator Programme provides an introduction to you uStonks and a walk-through of the minting interface.
Aragon explores the potential of KPI Options
As Aragon prepares to launch its own KPI Options airdrop to DAOs based on their speed of migration from V1 to V2, their blog explores the potential and possibilities of KPI Options — describing them as “one of the most important crypto-economic innovations of the decade”, as a way to bridge the gap between the high level strategic ambitions of DAOs and attaining the tangible objectives required to attain them, by making incentive structures more transparent by clearly articulating goals, and more efficient by aligning the interests of a protocol and its community
SuperUMAns Level Up
SuperUMAns initiative has seen three campaigns this week to introduce UMA’s Options to the wider Defi community. There have been positive responses from all three of PoolTogether, Balancer and Harvest. With the community engaging in discussions around how options can be used to for community cohesion and alignment. The uTVL vlog update gives all the latest details on the outcomes of the campaign and how SuperUMAns can drive up UMA TVL while also growing other defi communities they belong to.
And finally…. Arbitrage Opportunities
This week some eagle-eyed UMAns noted an alpha opportunity with the O-Dollar, a yield dollar backed by $OCEAN, where trading dipped below $0.85 on the dollar. Open Protocol who developed the O-Dollar wrote this handy guide to how to take advantage of such opportunities, explaining how arbitrageurs enforce the maintenance of the peg is maintained through purchase when the O-Dollar is trading below peg, and minting when it trades above.
Join us in Discord and start building!
And you might also want to…