DeFiChain Tech Talk - DFI Uniswap Staking, DeFi Options & DeFi Meta Chain

Talk presented live and available at https://www.youtube.com/watch?v=__bzkD8h9KA

Transcript

1. DeFiChain Tech Talk
   
   
   August 2022
   
   
   U-Zyn Chua
   
   
   @uzyn
   

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2. Topics
   1. Uniswap liquidity mining program
   
   
   2. Wrytes
   
   
   3. DeFi Meta Chain
   

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3. Uniswap Liquidity Mining
   

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4. https://uniswap.de
   fi
   chain.com
   

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5. https://v2.info.uniswap.org/token/0x8fc8f8269ebca376d046ce292dc7eac40c8d358a
   

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6. Uniswap staking
   1. 3 DEXes with rewards:
   
   
   1. ETH-DFI
   
   
   2. USDT-DFI
   
   
   3. USDC-DFI
   
   
   2. Must stake via https://uniswap.de
   fi
   chain.com to be eligible
   for LM rewards.
   

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7. 1% reward during trial
   

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8. https://docs.google.com/spreadsheets/d/1zavKaPODJNprUtpX8IM4_7jRm1-YVkA_9B4p6ddL-i4/edit#gid=0
   

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9. Demo
   https://uniswap.de
   fi
   chain.com
   

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10. DeFi community
    Let's reach out to the wider DeFi community – esp. Ethereum!
    
    
    Show them the APR, and educate them about the native
    DeFiChain!
    
    
    

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11. DeFi Options
    

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12. https://wrytes.
    fi
    nance/
    

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13. Wrytes
    Prototype for Options for DeFiChain.
    
    
    Prototype is built on EVM.
    
    
    Features:
    
    
    - Liquidity mining!
    
    
    - Flexible strike price and parameters.
    
    
    - Analogous to automated market-maker (AMM) of DEX
    
    
    - Combined liquidity pool
    

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14. Wrytes
    Technicals
    
    
    https://medium.com/
    birthdayresearch/decentralizing-
    options-a-new-approach-
    d7ef51f73747
    

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15. Roles: Writer
    • Liquidity mining in DFI payout
    
    
    • Gets access to immediate premium
    
    
    • Provides guarantee to Options
    settlement
    
    
    • Exit requires wait time
    

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16. Roles: Buyer
    • Purchase options via combined liquidity pool. No need to
    look for counterparty.
    
    
    • Arbitrage against other Options market.
    
    
    • Pays premium (DFI).
    
    
    • Exercise if options expire ITM. (European style)
    

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17. Early Preview
    

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18. DeFiChain Options
    • Liquidity mining earning DFI (ERC20).
    
    
    • Trial for 3 months for feedback, bug
    fi
    xes, improvements.
    
    
    • Recommendation for adoption into Native DeFi / DeFi Meta
    Chain after that.
    
    
    • DFI rewards are already pre-allocated in DFIP.
    

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19. DeFi Meta Chain
    

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20. Features
    1. Full visibility on both chains:
    
    
    • Native DeFiChain + DeFi Meta Chain (EVM)
    
    
    2. Consensus:
    
    
    • Native DeFiChain: Proof of Stake + Work (PoS+W)
    
    
    • DeFi Meta Chain: Proof of Anchor
    
    
    • Native blocks emit
    fi
    rst, carry DMC block meta data.
    
    
    • No block rewards at DMC, only tx fees.
    

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21. 3. Coin and Tokens interoperability
    
    
    • DFI and dTokens can cross chains
    
    
    • Fully trustless, no special nodes as all nodes have full
    visibility.
    
    
    • ERC20 compatibility – maximum compatibility with
    smart contracts of today!
    Features
    

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24. https://github.com
    
    
    DeFiCh/metachain
    Follow the dev
    progress
    

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25. Exciting times ahead!
    

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