So we came up with a solution: price-locked derivatives.

No expirations. No liquidations. 

We named the protocol HODL.money because we rather HODL than risk losing any bags.

However, there’s a problem with options and perps. Options enable price speculation but also force you to time the market. Perps remove the time constraint but punish you with liquidation for short-term price movements and wicks.

To help solve this, we created HODL.money: a DeFi trading platform for novel “price-locked” derivatives that allow users to take leveraged positions with no liquidation, expiry or funding rates. Just HODL until the target price, no matter how or when it gets there.

HODL is backed by two complementary derivative tokens: Price Locked ETH (plETH) and Yield Bearing ETH (ybETH).

plETH is a derivative token you can redeem for ETH when ETH’s price hits a set level. You can buy plETH at a lower price than ETH today (conversion rate determined by market price), and redeem it for more ETH at a specific unlock price. It is a leveraged long position on ETH but with no risk of liquidation.

Compared to standard perpetuals, as long as your price target is right, you’ll make a profit. And you never risk losing all your money to liquidation.

ybETH is the complementary token to plETH. It collects staking yield from the underlying liquid staking token (LST) until the unlock price is reached, enabling leveraged yield farming and effectively a short position on ETH for all ybETH holders.

Before the unlock price is hit, the principal (stETH) stays in the protocol’s vault, and the shorts (ybETH) get paid yield. After the unlock price hits, the principal (stETH) gets transferred from the shorts (ybETH) to the longs (plETH).

This is “where the money comes from” on HODL.money, and how it works without any liquidation risk for the leverage long side.

We like to think it’s a player versus player battle between the bulls and the bears, or between the growth maxis and the income maxis, and whoever gets the timing right wins it all.

When users buy and sell plETH and ybETH, they are trading against a liquidity pool. Upon launch, we will focus on key ETH unlock prices to concentrate liquidity. Over time, we will launch more pools at more unlock prices, and enable the community to launch permissionless pools at any unlock price. We will also extend the protocol to other popular yield-bearing assets.

An airdrop of our $HODLP community tokens will be distributed upon launch, which will later convert to our governance token $HODL upon TGE.

We're on a mission to make leverage less risky, onboarding a new wave of investors into DeFi. We hope you will go long with us.

Follow HODL.money on Twitter and join our Telegram for the latest news and updates.

So we came up with a solution: price-locked derivatives.

No expirations. No liquidations. 

We named the protocol HODL.money because we rather HODL than risk losing any bags.

However, there’s a problem with options and perps. Options enable price speculation but also force you to time the market. Perps remove the time constraint but punish you with liquidation for short-term price movements and wicks.

To help solve this, we created HODL.money: a DeFi trading platform for novel “price-locked” derivatives that allow users to take leveraged positions with no liquidation, expiry or funding rates. Just HODL until the target price, no matter how or when it gets there.

HODL is backed by two complementary derivative tokens: Price Locked ETH (plETH) and Yield Bearing ETH (ybETH).

plETH is a derivative token you can redeem for ETH when ETH’s price hits a set level. You can buy plETH at a lower price than ETH today (conversion rate determined by market price), and redeem it for more ETH at a specific unlock price. It is a leveraged long position on ETH but with no risk of liquidation.

Compared to standard perpetuals, as long as your price target is right, you’ll make a profit. And you never risk losing all your money to liquidation.

ybETH is the complementary token to plETH. It collects staking yield from the underlying liquid staking token (LST) until the unlock price is reached, enabling leveraged yield farming and effectively a short position on ETH for all ybETH holders.

Before the unlock price is hit, the principal (stETH) stays in the protocol’s vault, and the shorts (ybETH) get paid yield. After the unlock price hits, the principal (stETH) gets transferred from the shorts (ybETH) to the longs (plETH).

This is “where the money comes from” on HODL.money, and how it works without any liquidation risk for the leverage long side.

We like to think it’s a player versus player battle between the bulls and the bears, or between the growth maxis and the income maxis, and whoever gets the timing right wins it all.

When users buy and sell plETH and ybETH, they are trading against a liquidity pool. Upon launch, we will focus on key ETH unlock prices to concentrate liquidity. Over time, we will launch more pools at more unlock prices, and enable the community to launch permissionless pools at any unlock price. We will also extend the protocol to other popular yield-bearing assets.

An airdrop of our $HODLP community tokens will be distributed upon launch, which will later convert to our governance token $HODL upon TGE.

We're on a mission to make leverage less risky, onboarding a new wave of investors into DeFi. We hope you will go long with us.

Follow HODL.money on Twitter and join our Telegram for the latest news and updates.