Topic: 🔥[DeFi] [IEO] [LIVE] DYMMAX - Trade decentralized options without collateral. - page 3. (Read 736 times)

DYMMAX now has a partnership with the ProBit cryptocurrency exchange which has one of the best performance among all other crypto exchanges

We are extremely happy to announce our IEO launching on ProBit Exchange! From 20 November to 20 December, don't miss out)

https://dymmax.medium.com/dymmax-came-with-a-strategic-partnership-with-the-innovative-crypto-exchange-probit-58ab198a9353

I'm pretty sure i saw already another thread with the same project, hmm, strange. Anyway it is a little strange but i can't find a road map

The volume of blocked assets in the DeFi sector continues to grow and that's why the current situation is favorable for the launch of the project like DYMMAX

The main goal of auction system is estimating of ATM strike and premiums for new options contracts. Because we cannot use classic order book with buyers and sellers in parimutuel model.

The auction reopens immediately after the closure and issue of tokens and the process is repeated until expiration.

After the auction closes, ERC20 tokens are issued and distributed among the participants and then auction reopens. So how many times it repeats in a row?

Thank you, the shared money pool is fair to everyone, proportional benefit is the key 

What is really cool I think in DYMMAX protocol is that everyone can supply liquidity in any proportion, and receive a proportional benefit from this.

Comparison of pricing models

https://medium.com/@dymmax/comparison-of-pricing-models-da80276cd696

#DYMMAX #DeFi #Cryptocurrency #Derivatives #Blockchain #Trading

What is DYMMAX protocol?

https://medium.com/@dymmax/what-is-dymmax-protocol-ca617c39f987

#DYMMAX #DeFi #Cryptocurrency #Derivatives #Blockchain #Trading

Before I knew about bull and bear market, but didn't hear about iron. As trading strategy it fits for a flat market - that is profitable if the expiration price is close enough to the strike price.

DYMMAX DeFi platform has some key features, but I especially like guaranteed payments to all participants at the expense of the existing money pool. This is basically how it should be in good projects

DYMMAX developed a protocol that allows you to create unsecured derivatives for cryptocurrencies with guaranteed payments based on decentralized smart contracts.

Coinfox: How can the DeFi derivatives help the crypto market?

http://www.coinfox.info/news/12092

#DYMMAX #DeFi #Cryptocurrency #Derivatives #Blockchain #Trading

Description

Cryptocurrency options based on the parimutuel betting with fixed odds pricing model, guaranteed to payout in any market scenario. Option prices are calculated through off-chain and do not require specialized market makers, ensuring low option prices upon issue.


Key features

• Leverage up to 20:1
• Limited risk when the market moves in the opposite direction
• The ability to profit from falling and stagnant markets
• Long-term portfolio insurance
• Risk management for market makers
• Tokenization of issued options
• Instant profit-taking in the secondary market

Problem

Despite the emergence of platforms and services that allow trading derivatives for cryptocurrencies and tokenized assets, none of them is able to provide the market with a model that would suit all participants, both willing to buy or sell options. This is due to the impossibility of hedging risks by option sellers, which in turn generates extremely high premiums that buyers have no interest for.


Solution

DYMMAX -  is a unique platform designed to solve this problem, taking into account the cryptocurrency market specifics, as well as the concept of distribution. A set of option pricing strategies is implemented at its basis, with pricing based on the parimutuel betting with fixed odds model.


Principle

Taking into account the specifics of a new pricing model for the market, a platform was created for the initial issue of option contracts based on an automatically prolonged auction. The model mentioned above implies floating premiums during the collection of orders, and therefore, an auction is created, which determines the ATM strike, as well as all the options premiums for the submitted limit orders. After calculating the premiums, the order is executed or rejected, and the result of the execution is the issue of ERC20 tokens for the option contract, which can circulate on the secondary market.


Target consumers:

• Cryptocurrency traders;
• Long-term investors (hedgers);
• Miners;
• Cryptocurrency funds.

DMX token

DMX is the governance token of the Dymmax platform. It is designed to ensure the stability and decentralization of the Dymmax system, and opens the following opportunities to its holders:

• Voting to add new options series.
• Cashback from trading commissions.
• Payment for services of the Dymmax ecosystem and partners.
• Single token share increases due to regular token burnings.
• Voting on the Dymmax roadmap and priorities.

Distribution

The maximum emission of the DMX token will be 10M that will be distributed as follows:

	%	DMX tokens	Where	Vesting
	21%	2 100 000	Public sale	Instant
	7%	700 000	Community airdrops	Within a year after IEO
	15%	1 500 000	Ecosystem & partners	Within a year after IEO
	15%	1 500 000	Seed sale	1 year after IEO
	12%	1 200 000	Staking	25,000 per month for 4 years
	30%	3 000 000	Foundation	50,000 per month for 5 years

Website: www.dymmax.com