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

U-Zyn Chua
August 11, 2022

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

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

U-Zyn Chua

August 11, 2022
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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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