As we get closer and closer to launching Premia v2 on mainnet, let’s take a moment to focus on where we’re at now.
If you’d like a full summary of how the trading competition went, check out our Trading Competition Retrospective.
The TLDR is that the trading competition went great. We received a lot of valuable feedback from our users. We learned that the core mechanisms work as expected. The C-Value pricing mechanism proved to work properly but it needs some improvements to properly price the full range of options on Premia. We also learned that we need to provide…
Premia v2 is going live soon and with it, a brand new liquidity mining program. We all love rewards so lets talk about how you can participate in the new liquidity mining program 🌊⛏
If you’re eager to get started, you’ll have to have a little bit of patience. The Premia Liquidity Mining program will begin as soon as we go live on mainnet. That date is still TBD, pending final audits, so be sure to stay tuned in to our Discord server and Twitter to make sure you know as soon as we go live.
The trading competition went very well. Thank you to everyone who joined in on the action, we had a nice turn out! We’ve learned quite a bit about the system during the length of the competition, and we’d like to present our results and outline our plans for the future.
First things first: if you’d prefer to listen to the community call rather than read this article, you can check it out here.
It’s been a successful past couple of weeks launching the trading competition and testing the interface for Premia 2.0. We appreciate all the community members who’ve provided feedback on the Rinkeby testnet, your feedback is helping us build the best options platform in DeFi.
If you’re not whitelisted and would like to participate in the trading competition, let us know on our discord. …
In case you missed it, Premia held a community call on June 18th to showcase some of the research that went into the AMM and pool architecture for Premia 2.0
If you’d prefer to watch the presentation, check it out here.
The Community Call Presentation
On a high level, the following describes the Premia pool architecture. Every asset pair has one pool for puts and another pool for calls. All pools are single sided and all options purchased are fully collateralized.
The transaction flow is simple:
To kick off the the introduction of the Premia v2 platform, The Premia team is hosting a behavioral stability audit in the form of a trading competition! The competition will give participants a hands on first look (and use) of our new Options AMM, Pro Vaults (Pools), cross-DEX Swap feature, simplified staking UI, and Positions dashboard.
The purpose of the trading competition is to better understand how the system performs with real users acting under real incentives before Premia is launched on mainnet.
ICYMI last Friday the Premia team held a community call to unveil Premia 2.0 and showcase the features of the options AMM and interest bearing vaults.
Let’s run through the details of the call but first, if you’d rather watch the presentation than read this article then check out the video here.
First off the Premia team highlighted what has been accomplished so far with v1 of Premia and the challenges we faced.
What we accomplished:
The result of this is that…
tldr; Options AMM coming soon w/ liquidity vault strategies for longing/shorting specific tokens, while earning yield from trading fees, premiums, and Premia liquidity mining program.
Premia’s most important problem to solve right now is liquidity. Traders need to be able to find the options they are looking for on the marketplace, when they want them, at prices that make sense. The problem is, it is difficult for option writers to know which options to write each week and how to price them best for sale. …
A wrap-up of what’s been accomplished thus far for Premia 💎.
A lot has taken place since the launch of the Premia marketplace two weeks ago, and even more so in the last week since the Premia token became available on Sushiswap 🍣.
Since the team’s main communication platforms are Twitter and Discord, it is possible for updates to be missed or overlooked by the community. As such, the Premia team would like to herein present a consolidation of the partnerships, additions, and upgrades that have taken place thus far.
This past week, two new projects were whitelisted on the…