Knox is a DeFi options platform focused on bringing you predictable yields and risk management in the form of structured products.
Knox is a DeFi options platform focused on bringing you predictable yields and risk management in the form of structured products.
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Way back in March of this year, we published a brief introduction following our very first partnership with Premia.
Needless to say, a lot has happened in the past six months. From re-defining our flagship products, onboarding additional builders, and undergoing a rebrand, things have changed and our launch has been delayed ever-further.
As we creep closer to the launch of our initial products, It’s about time to reintroduce who we are, what we’re here to achieve, and what drives us to build.
Without further ado, let’s answer the who’s, the what’s, and the why’s of our products, team, and goals.
We are a small but passionate and tight-knit team – a grassroots project with no VC or large institutional backing here to provide cool products and deliver value to our users.
Our goal is to aid in the collective creation and utilization of DeFi building blocks for the next generation. More specifically, our aim is to provide risk management and predictable yields in the form of structured products that leverage these building blocks (while acting as ones themselves).
So, in the form of a one-liner – Knox Finance provides composable DeFi strategy vaults with built-in risk tooling.
We’re here to unlock the possibilities of interoperability for the wider ecosystem, while simplifying complex strategies and providing value to our users.
Our mission is to provide value to our users in the form of decentralized financial products.
Way back in March of this year, we published a brief introduction following our very first partnership with Premia.
Needless to say, a lot has happened in the past six months. From re-defining our flagship products, onboarding additional builders, and undergoing a rebrand, things have changed and our launch has been delayed ever-further.
As we creep closer to the launch of our initial products, It’s about time to reintroduce who we are, what we’re here to achieve, and what drives us to build.
Without further ado, let’s answer the who’s, the what’s, and the why’s of our products, team, and goals.
We are a small but passionate and tight-knit team – a grassroots project with no VC or large institutional backing here to provide cool products and deliver value to our users.
Our goal is to aid in the collective creation and utilization of DeFi building blocks for the next generation. More specifically, our aim is to provide risk management and predictable yields in the form of structured products that leverage these building blocks (while acting as ones themselves).
So, in the form of a one-liner – Knox Finance provides composable DeFi strategy vaults with built-in risk tooling.
We’re here to unlock the possibilities of interoperability for the wider ecosystem, while simplifying complex strategies and providing value to our users.
Our mission is to provide value to our users in the form of decentralized financial products.
In line with the core ethos of DeFi, we strive to build professional-grade financial products for the wider ecosystem, and make them available for all. No matter their nationality, financial status, or title.
When organizing our long-term timeline to work towards this vision, we have a set of core values to operate by, that are very dear to the members of our team:
We’ve been outspoken about the design choices that we believe will lead us to simplified interoperability, and subsequently, collaboration.
As are many others in the rapidly evolving DeFi space, we’re firm believers in that the key to evolving further is found in collaboration. We understand that to create the next generation of DeFi products, we need to select high-impact partners and collaborators that share our values.
Security has been a very integral value for us ever since inception, as is made obvious by our chosen name.
It’s important for us to provide safety and assurance to our customers and partners, thus we’ve embraced and combined the best practices from both CeFi and DeFi. Matter of fact, security is so important for us that we won’t compromise it in the face of our other core values.
Like I said, security over everything.
As I mentioned, Knox doesn’t have the high-ground of being funded by large institutions or VCs. We haven’t created, nor do we have initial plans to create, a token to raise funds. This further emphasizes the fact that we’re a grassroots project purely here to do what we love and help build a better future for DeFi.
We are a passionate team here to build cool shit and grow together with the community!
Although we’re disciplined and hard workers, we know better than to take life too seriously. Like I said, we’re here to grow together with the community, and that means having some fun while we’re at it.
If you’re not learning, growing, and having a few laughs on the way, what’s the point?
As we’ve been outspoken about for the past few months, our initial products will be options strategy vaults based on covered calls and cash-secured puts. We’ve put an emphasis on interoperability, capital efficiency, and simplicity when creating these products, and these properties will also be applied to future products.
After the launch of our flagship products, we’ll shift our focus to collaborations and more exotic strategies unlocked by these collaborations. Behind the scenes we’re already in talks with protocols such as
Also, we’re all on the Arbi hype train. As we’re in heavy cahoots with Premia, we’ll initially launch on Arbitrum, making our products faster, cheaper, and more accessible to use!
Here’s a condensed rundown of our DeFi Options Vaults (DOVs), and how they generate yields for our users:
DOVs automate the process of exchanging options to generate sustainable yield
There's 2 types of users for DOVs: vault depositors who underwrite (sell) options and option buyers who pay a premium for the option
Depositors can decide to either sell call or put options depending on their market sentiment.
The option strike price will be determined once per epoch using a delta strike formula.
Once pricing is determined, the options are sold via a form of Dutch auction. The premium paid by the option buyers represents the weekly yield for depositors.
At the conclusion of the auction, the vault underwrites the options sold using collateral provided by depositors.
For a more in-depth view, you can have a look at our technical documentation.
We have some ideas on how our vaults can be beneficial for the DeFi ecosystem as a whole. Like I mentioned before, our products are also designed to act as building blocks for the wider ecosystem. For our initial products, DOVs, this is achieved by tokenizing vault deposits in the form of the ERC-4626 (vault) standard.
Since vault tokens are composable by design, the process of integration for collaborations will be simplified. The most obvious application for our vaults will be with lending protocols to collateralize DOVs for further capital efficiency or leverage.
We’re already in talks with some protocols behind the scenes to create new strategies and use our vaults as collateral.
There’s no telling what kind of strategies other DeFi Legos will allow us to build in the future, leaving a lot of options open (no pun intended).
We’ve designed our vaults with multiple demographics in mind. Not only do we provide predictable yields and security, but we also provide capital efficiency, flexibility, risk management, and composability.
These properties open the door for a wide variety of investors and traders to take part, no matter their market sentiment.
Long-term holders were the first group of users we wanted to cater to. In order to prove more lucrative than simply holding a given asset, we strive to provide both assurance and predictable yields.
We’ve benchmarked the our initial vaults on beating HODL strategies. The backtesting we’ve done so far suggests that we’ve done so by quite the wide margin, while maintaining the predictability and security so important for this group of users.
Besides being very beneficial for HODLers, we believe our vaults will also prove to be profitable for traders. We’ve emphasized this with key features such as instant withdrawal, best-in-class pricing, and vault tokens.
While our vaults are simplified and automated strategies, they’re also tools for traders to manage risk and reach further capital efficiency, and possibly increase leverage through upcoming collaborations.
As we’ve built our vaults with risk management and interoperability in mind, they can be valuable tools for other protocols providing different strategies.
Similarly to how we’re looking for collaborations with lending protocols to leverage our vaults as collateral, other protocols might look to us for risk management or safer yield-bearing strategies.
We’re a passionate team here to have fun and build cool products! From HODLers and traders to builders, our vaults can prove to be hugely beneficial – both for individuals and DeFi as a collective.
After we’ve successfully launched our DOVs, one of our biggest goals is to create a “smart vault” that will be fully automated to manage risk depending on different conditions – a true set-and-forget product!
We aren’t tourists; the launch is only the beginning, and we’re here to stay.
In line with the core ethos of DeFi, we strive to build professional-grade financial products for the wider ecosystem, and make them available for all. No matter their nationality, financial status, or title.
When organizing our long-term timeline to work towards this vision, we have a set of core values to operate by, that are very dear to the members of our team:
We’ve been outspoken about the design choices that we believe will lead us to simplified interoperability, and subsequently, collaboration.
As are many others in the rapidly evolving DeFi space, we’re firm believers in that the key to evolving further is found in collaboration. We understand that to create the next generation of DeFi products, we need to select high-impact partners and collaborators that share our values.
Security has been a very integral value for us ever since inception, as is made obvious by our chosen name.
It’s important for us to provide safety and assurance to our customers and partners, thus we’ve embraced and combined the best practices from both CeFi and DeFi. Matter of fact, security is so important for us that we won’t compromise it in the face of our other core values.
Like I said, security over everything.
As I mentioned, Knox doesn’t have the high-ground of being funded by large institutions or VCs. We haven’t created, nor do we have initial plans to create, a token to raise funds. This further emphasizes the fact that we’re a grassroots project purely here to do what we love and help build a better future for DeFi.
We are a passionate team here to build cool shit and grow together with the community!
Although we’re disciplined and hard workers, we know better than to take life too seriously. Like I said, we’re here to grow together with the community, and that means having some fun while we’re at it.
If you’re not learning, growing, and having a few laughs on the way, what’s the point?
As we’ve been outspoken about for the past few months, our initial products will be options strategy vaults based on covered calls and cash-secured puts. We’ve put an emphasis on interoperability, capital efficiency, and simplicity when creating these products, and these properties will also be applied to future products.
After the launch of our flagship products, we’ll shift our focus to collaborations and more exotic strategies unlocked by these collaborations. Behind the scenes we’re already in talks with protocols such as
Also, we’re all on the Arbi hype train. As we’re in heavy cahoots with Premia, we’ll initially launch on Arbitrum, making our products faster, cheaper, and more accessible to use!
Here’s a condensed rundown of our DeFi Options Vaults (DOVs), and how they generate yields for our users:
DOVs automate the process of exchanging options to generate sustainable yield
There's 2 types of users for DOVs: vault depositors who underwrite (sell) options and option buyers who pay a premium for the option
Depositors can decide to either sell call or put options depending on their market sentiment.
The option strike price will be determined once per epoch using a delta strike formula.
Once pricing is determined, the options are sold via a form of Dutch auction. The premium paid by the option buyers represents the weekly yield for depositors.
At the conclusion of the auction, the vault underwrites the options sold using collateral provided by depositors.
For a more in-depth view, you can have a look at our technical documentation.
We have some ideas on how our vaults can be beneficial for the DeFi ecosystem as a whole. Like I mentioned before, our products are also designed to act as building blocks for the wider ecosystem. For our initial products, DOVs, this is achieved by tokenizing vault deposits in the form of the ERC-4626 (vault) standard.
Since vault tokens are composable by design, the process of integration for collaborations will be simplified. The most obvious application for our vaults will be with lending protocols to collateralize DOVs for further capital efficiency or leverage.
We’re already in talks with some protocols behind the scenes to create new strategies and use our vaults as collateral.
There’s no telling what kind of strategies other DeFi Legos will allow us to build in the future, leaving a lot of options open (no pun intended).
We’ve designed our vaults with multiple demographics in mind. Not only do we provide predictable yields and security, but we also provide capital efficiency, flexibility, risk management, and composability.
These properties open the door for a wide variety of investors and traders to take part, no matter their market sentiment.
Long-term holders were the first group of users we wanted to cater to. In order to prove more lucrative than simply holding a given asset, we strive to provide both assurance and predictable yields.
We’ve benchmarked the our initial vaults on beating HODL strategies. The backtesting we’ve done so far suggests that we’ve done so by quite the wide margin, while maintaining the predictability and security so important for this group of users.
Besides being very beneficial for HODLers, we believe our vaults will also prove to be profitable for traders. We’ve emphasized this with key features such as instant withdrawal, best-in-class pricing, and vault tokens.
While our vaults are simplified and automated strategies, they’re also tools for traders to manage risk and reach further capital efficiency, and possibly increase leverage through upcoming collaborations.
As we’ve built our vaults with risk management and interoperability in mind, they can be valuable tools for other protocols providing different strategies.
Similarly to how we’re looking for collaborations with lending protocols to leverage our vaults as collateral, other protocols might look to us for risk management or safer yield-bearing strategies.
We’re a passionate team here to have fun and build cool products! From HODLers and traders to builders, our vaults can prove to be hugely beneficial – both for individuals and DeFi as a collective.
After we’ve successfully launched our DOVs, one of our biggest goals is to create a “smart vault” that will be fully automated to manage risk depending on different conditions – a true set-and-forget product!
We aren’t tourists; the launch is only the beginning, and we’re here to stay.
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