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Author Topic: 🔥[DeFi] [IEO] [LIVE] DYMMAX - Trade decentralized options without collateral.  (Read 481 times)
APO Finance
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September 14, 2020, 06:05:56 PM
Last edit: November 20, 2020, 07:07:14 PM by APO Finance
 #1



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.


3 types of strategies:


Bull Spread - the strategy designed for asset growth, allowing to make a profit in a growing market and limit losses in a falling market;Iron Fly -  the strategy of selling volatility, or in other words, extracting profit from market stagnation, when the price fluctuates in a range;Bear Spread - the equivalent of a short position, but without the need to pay interest rates, making a profit in a falling market, limiting losses in case of growth.


Platform

Automatically prolonged auction.Displaying bids in the current auction.Option constructor for visualizing profit and risk.


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 000Public saleInstant
7%700 000Community airdropsWithin a year after IEO
15%1 500 000Ecosystem & partnersWithin a year after IEO
15%1 500 000Seed sale1 year after IEO
12%1 200 000Staking25,000 per month for 4 years
30%3 000 000Foundation50,000 per month for 5 years

Website: www.dymmax.com



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APO Finance
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September 15, 2020, 01:04:37 PM
 #2

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

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

#DYMMAX #DeFi #Cryptocurrency #Derivatives #Blockchain #Trading
helenfast69
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September 15, 2020, 03:06:39 PM
 #3

DYMMAX developed a protocol that allows you to create unsecured derivatives for cryptocurrencies with guaranteed payments based on decentralized smart contracts.
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September 16, 2020, 01:01:06 PM
 #4

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 Wink
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September 18, 2020, 05:58:36 PM
 #5

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.
APO Finance
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September 30, 2020, 02:37:01 PM
Last edit: October 03, 2020, 09:39:34 AM by APO Finance
 #6

What is DYMMAX protocol?

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

#DYMMAX #DeFi #Cryptocurrency #Derivatives #Blockchain #Trading
APO Finance
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October 03, 2020, 09:38:29 AM
 #7

Comparison of pricing models

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

#DYMMAX #DeFi #Cryptocurrency #Derivatives #Blockchain #Trading
Jacob_Y
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October 03, 2020, 01:19:30 PM
 #8

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.
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October 05, 2020, 03:23:52 PM
 #9

Thank you, the shared money pool is fair to everyone, proportional benefit is the key  Grin
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October 05, 2020, 05:38:32 PM
 #10

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?
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October 06, 2020, 10:38:00 PM
 #11

The auction reopens immediately after the closure and issue of tokens and the process is repeated until expiration.
APO Finance
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October 07, 2020, 08:53:59 PM
 #12

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?

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.
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October 26, 2020, 04:19:43 PM
 #13

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
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October 27, 2020, 05:56:23 PM
 #14

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
Dymmax
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October 30, 2020, 01:30:45 PM
 #15

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

meetAm
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October 30, 2020, 03:30:44 PM
 #16

DYMMAX now has a partnership with the ProBit cryptocurrency exchange which has one of the best performance among all other crypto exchanges
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November 02, 2020, 01:08:49 PM
 #17

Guys, we are airdropping at ProBit, don't miss out  Wink

https://support.probit.com/hc/en-us/articles/900003327126-ProBit-x-DYMMAX-DMX-Airdrop-Event-

[ProBit x DYMMAX (DMX) Airdrop Event]

1️⃣Task 1
👉Create a ProBit account with this referral code
 (https://www.probit.kr/r/52805568)👉Complete phone verification by accessing My Page
 (https://www.probit.com/en-us/user-center/my-page)💰Reward: 2.5 DMX

2️⃣Task 2
👉 Refer your friends (https://www.probit.com/en-us/referral) to sign up at ProBit
👉 Have your friends complete phone verification (https://support.probit.com/hc/en-us/articles/360040710451-How-to-complete-phone-number-verification) by accessing My Page
 (https://www.probit.com/en-us/user-center/my-page)💰 Referrer: 2.5 DMX per referred account
💰 Referee: 2.5 DMX
*Referrers who are staking at least 100 PROB (https://support.probit.com/hc/en-us/articles/360039717011-How-to-Stake-PROB) at the close of the event receive an additional 2.5 DMX per newly referred account within the event period.

3️⃣Task 3
👉Follow both DYMMAX and ProBit social media accounts:
DYMMAX’s Telegram
 (https://t.me/dymmax_chat)DYMMAX’s Twitter
 (https://twitter.com/dymmax_protocol)DYMMAX’s Facebook
 (https://www.facebook.com/DymmaxProtocol)ProBit Facebook
 (https://www.facebook.com/probitexchange/)ProBit Twitter
 (https://twitter.com/probit_exchange)ProBit Twitter #2
 (https://twitter.com/ronald_probit)ProBit Instagram

 (https://www.instagram.com/probit_exchange/)👉Fill out this form
 (https://forms.gle/CsczG94TY7hM1LBk9)💰Reward: 2.5 DMX

4️⃣Task 4
👉Retweet DYMMAX and ProBit Exchange Twitter posts
https://twitter.com/0xfima
https://twitter.com/dymmax_protocol
https://twitter.com/probit_exchange
https://twitter.com/ronald_probit

👉Fill out this form
 (https://forms.gle/WdWBudzTnjkCPonZ8)💰Reward: 4 DMX
*PROB Stakers with at least 100 PROB receive additional
Dymmax
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November 05, 2020, 12:18:41 AM
 #18

Airdrop is over, but hang on for more updates coming!  Wink
Dymmax
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November 06, 2020, 02:13:37 PM
 #19

Techbullion has come with an article about our project, be sure to check it out, it sums up the project pretty well.

https://techbullion.com/dymmax-dmx-review-a-valuable-new-opportunity-in-the-defi-sector/
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November 09, 2020, 01:02:26 AM
 #20

While we are coming with more articles about DYMMAX project, maybe you guys have questions about how specifically it all works? Or we discuss DeFi and derivatives in crypto?
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