AutonomintdCDS: The 'Maker DAO' of the Derivatives space
It’s been some time since Defi saw some real innovation. Uptil now we have seen these Defi applications - Money Markets, AMMs, Collateralized Debt Position (CDP) style stablecoins, rebasing tokens, Principal tokens and Yield tokens, bonding, restaking, Perpetuals and some few others. All of above mechanisms are core innovations because these are sustainable business models formed without much reliance on any external entity. Some reliance of external parties is needed as every one of these sy...
AutonomintA new stablecoin design with 20% yields per month
A new stablecoin design is out and this one is thought from first principals and have some fundamental implications for Finance. We have seen Ethena stablecoin design and how they have utilised Perps to deliver high yields to stablecoin holders. Now, Autonomint has released a new stablecoin design using a new lego, dCDS to deliver high stablecoin yields to users. How are the results? Ethena Last 30 day yields - 0.375% Autonomint Last 30 day yields - 20% These yields are real yields. No token....
Re-defining low-risk leverage in Defi with a Delta neutral 'Colored' dollar
AutonomintdCDS: The 'Maker DAO' of the Derivatives space
It’s been some time since Defi saw some real innovation. Uptil now we have seen these Defi applications - Money Markets, AMMs, Collateralized Debt Position (CDP) style stablecoins, rebasing tokens, Principal tokens and Yield tokens, bonding, restaking, Perpetuals and some few others. All of above mechanisms are core innovations because these are sustainable business models formed without much reliance on any external entity. Some reliance of external parties is needed as every one of these sy...
AutonomintA new stablecoin design with 20% yields per month
A new stablecoin design is out and this one is thought from first principals and have some fundamental implications for Finance. We have seen Ethena stablecoin design and how they have utilised Perps to deliver high yields to stablecoin holders. Now, Autonomint has released a new stablecoin design using a new lego, dCDS to deliver high stablecoin yields to users. How are the results? Ethena Last 30 day yields - 0.375% Autonomint Last 30 day yields - 20% These yields are real yields. No token....
Re-defining low-risk leverage in Defi with a Delta neutral 'Colored' dollar
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$900 mln in crypto liquidations in under 20 hours last week.
$500 mln in liquidations within 1 hour.
The crypto market went down heavily previous week and many people were liquidated out of their positions. I know some people who lost money in 6 figures.
https://twitter.com/cryptonerd75/status/1778927379479720280
Here is another one
https://x.com/0xSmit/status/1778878995645284484
Crypto is a 24/7 market, unlike the stock market which is live for a few hours Mon-Fri. Humans can't stay awake all the time and no matter how many smart contracts we build to notify us of market volatility at the end of the day it's us humans only who will be making decisions on our capital.
All the stablecoin borrowing protocols like Maker DAI, Liquity, Prisma & many others across different chains would have made significant liquidation gains yesterday but for users, it was the worst outcome possible and that’s the reason decentralized stablecoin protocols are not scalable.
All the Liquidity Providers in AMM Dapps like Uniswap would have suffered significant impermanent losses which would have surpassed their tx fees revenue accrued over the past year.
All the crypto lending & borrowing protocols like Compound, AAVE, and others would have made significant liquidation gains yesterday on behalf of their users.
We at Autonomint on the other hand could have prevented above $900 mln in liquidations.
What needs to be understood is that tokenized assets both purely crypto or RWA-backed can play multiple roles, i.e. acting as utility by utilization across different Dapps like lending, LP, staking etc., and also acting as equity for the Web3 protocol. When you are depositing your crypto asset in AMM, stablecoin borrowing protocol, lending & borrowing or any other Dapp across the space then you are trying to use your crypto as a utility to perform different functions or make different composable connections. But we forget in all of this that crypto at the end of the day can be volatile as it’s being publicly traded like a share of a company.
That’s what we at Autonomint have tried to bring with our stablecoin protocol where users can keep on using their crypto assets as utility and we handle the crypto volatility for them by mandatorily attaching a derivative-based insurance to every user position.
Why Stablecoins? because stablecoin is the ultimate hedge or off-risk asset in the on-chain space.
Users can get up to 100% of the value of their crypto assets in stablecoins by collateralizing ETH, stETH, or BTC, and many others that will be onboarded. Along with this, users will be offered 20% downside protection on their crypto asset by enabling a derivative position on their asset with a counterparty as dCDS (decentralized Credit Default swaps). This dCDS will be getting option premiums from multiple borrowers and in return will be offering protection against volatility.
Users minting our stablecoin USDa will also be able to earn yields as we will be converting their stablecoins to money market funds. These yields will be a combination of staking yields, lending yields or any other yield opportunity in the markets.
We will be providing an option for the user to explore different markets for their USDa stablecoin a.k.a money market fund by integrating with multiple markets across Ethereum or Bitcoin landscape.
I think It’s time for users, Dapps, and treasuries to have peace of mind in this space. Just like airlines hedge the price of oil to keep on using it as a utility in their business, users can also hedge the price of crypto assets to keep on using tokens as a utility across services.
Join Us
Autonomint is actively onboarding users, partners, and liquidity providers, offering priority access to our main net. This comes with the added benefit of protocol-enabled sponsorship for insurance cover and discounted issuance of ABOND assets.
If you're keen on taking up the role of initial Liquidity Provider in our dCDS and concentrated Liquidity pools, don't hesitate to reach out.
We're also accepting applications for contributor roles, spanning community, content, quantitative analysis, code audit, and simulation-related positions
Our Testnet is live: Join
Partnership & Opportunities:
If you're intrigued by the project and eager to delve deeper, feel free to get in touch at akshit@autonomint.com or TG: @CEO_Autonomint.
For those looking to invest in our venture, we extend a warm invitation to join us.
Additional Information:
Website - https://www.autonomint.com/
Twitter - https://twitter.com/autonomint
Discord - https://discord.gg/4QFaUTwjkU
$900 mln in crypto liquidations in under 20 hours last week.
$500 mln in liquidations within 1 hour.
The crypto market went down heavily previous week and many people were liquidated out of their positions. I know some people who lost money in 6 figures.
https://twitter.com/cryptonerd75/status/1778927379479720280
Here is another one
https://x.com/0xSmit/status/1778878995645284484
Crypto is a 24/7 market, unlike the stock market which is live for a few hours Mon-Fri. Humans can't stay awake all the time and no matter how many smart contracts we build to notify us of market volatility at the end of the day it's us humans only who will be making decisions on our capital.
All the stablecoin borrowing protocols like Maker DAI, Liquity, Prisma & many others across different chains would have made significant liquidation gains yesterday but for users, it was the worst outcome possible and that’s the reason decentralized stablecoin protocols are not scalable.
All the Liquidity Providers in AMM Dapps like Uniswap would have suffered significant impermanent losses which would have surpassed their tx fees revenue accrued over the past year.
All the crypto lending & borrowing protocols like Compound, AAVE, and others would have made significant liquidation gains yesterday on behalf of their users.
We at Autonomint on the other hand could have prevented above $900 mln in liquidations.
What needs to be understood is that tokenized assets both purely crypto or RWA-backed can play multiple roles, i.e. acting as utility by utilization across different Dapps like lending, LP, staking etc., and also acting as equity for the Web3 protocol. When you are depositing your crypto asset in AMM, stablecoin borrowing protocol, lending & borrowing or any other Dapp across the space then you are trying to use your crypto as a utility to perform different functions or make different composable connections. But we forget in all of this that crypto at the end of the day can be volatile as it’s being publicly traded like a share of a company.
That’s what we at Autonomint have tried to bring with our stablecoin protocol where users can keep on using their crypto assets as utility and we handle the crypto volatility for them by mandatorily attaching a derivative-based insurance to every user position.
Why Stablecoins? because stablecoin is the ultimate hedge or off-risk asset in the on-chain space.
Users can get up to 100% of the value of their crypto assets in stablecoins by collateralizing ETH, stETH, or BTC, and many others that will be onboarded. Along with this, users will be offered 20% downside protection on their crypto asset by enabling a derivative position on their asset with a counterparty as dCDS (decentralized Credit Default swaps). This dCDS will be getting option premiums from multiple borrowers and in return will be offering protection against volatility.
Users minting our stablecoin USDa will also be able to earn yields as we will be converting their stablecoins to money market funds. These yields will be a combination of staking yields, lending yields or any other yield opportunity in the markets.
We will be providing an option for the user to explore different markets for their USDa stablecoin a.k.a money market fund by integrating with multiple markets across Ethereum or Bitcoin landscape.
I think It’s time for users, Dapps, and treasuries to have peace of mind in this space. Just like airlines hedge the price of oil to keep on using it as a utility in their business, users can also hedge the price of crypto assets to keep on using tokens as a utility across services.
Join Us
Autonomint is actively onboarding users, partners, and liquidity providers, offering priority access to our main net. This comes with the added benefit of protocol-enabled sponsorship for insurance cover and discounted issuance of ABOND assets.
If you're keen on taking up the role of initial Liquidity Provider in our dCDS and concentrated Liquidity pools, don't hesitate to reach out.
We're also accepting applications for contributor roles, spanning community, content, quantitative analysis, code audit, and simulation-related positions
Our Testnet is live: Join
Partnership & Opportunities:
If you're intrigued by the project and eager to delve deeper, feel free to get in touch at akshit@autonomint.com or TG: @CEO_Autonomint.
For those looking to invest in our venture, we extend a warm invitation to join us.
Additional Information:
Website - https://www.autonomint.com/
Twitter - https://twitter.com/autonomint
Discord - https://discord.gg/4QFaUTwjkU
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