Premia 2.0 Community Call Summary

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.

Premia 2.0

First off the Premia team highlighted what has been accomplished so far with v1 of Premia and the challenges we faced.

What we accomplished:

• We launched a fully decentralized p2p options trading platform
• We built the infrastructure that enables permissionless option trades

The result of this is that we realized it wasn’t enough, the market demanded more. We realized it was critical that we have better liquidity, a simpler user experience, and set it & forget it LP. After taking a hard look at our product’s weaknesses, we decided we could do better.

Enter Premia 2.0

We are aiming to create a new standard in decentralized options with the v2 of Premia. Decentralized options need to be made simple and exciting in a seamless intuitive experience.

Premia 2.0 will feature 3 technological breakthroughs:

• The world’s first peer2pool options liquidity architecture that is capable of aggregating liquidity across strike prices and maturity while maintaining full collateralization and capital efficiency
• The worlds first sequential, liquidity sensitive state transition AMM for better options pricing
• The best possible LP experience with fair LP return calculation on a pool level using fair sequencing intervals.

Want to read about the tech in detail? 🤓 Check out our Gitbook here.

The Premia Audit Standard

In order to bring Premia 2.0 to mark in the most efficient way that will benefit users and truly test the platform, we have developed the Premia Audit Standard. This will bring a rigorous level of testing including 2 key components:

• The tech audit which is in progress
• And a behavior stability audit which we need the communities help with

The behavior stability audit is intended to test the stability of the Premia platform under real market conditions and user incentives, therefore it will take place in the form of a trading competition.

Only existing Premia holders will be eligible to participate in the tradition competition through a whitelist. However, if you have contributed to the community but are not a current holder, then reach out to us on Discord and we will consider you for the competition on an individual basis.

How will the trading competition work? Users will be given valueless test tokens with the goal of trading to earn the highest % return possible. To keep things interesting and provide genuine incentivizes to the trading competition, there will be a prize pool of $150,000 USD denominated in DAI with trading pools for BTC, ETH, and LINK as decided by community vote.

And surprise NFTs awarded to users who find exploits. 🐱‍💻

Full Demo Walkthrough of Premia 2.0

Premia 2.0 features a new landing page and refreshed UI. We think this will provide a much better user experience. We showed a full walkthrough of the new Premia interface and features on the call. If you’d like to watch that, check out the video here where the walkthrough begins.

Just One More Thing

We will be hosting a research presentation and AMA on June 18th at 18:00 UTC and we hope to see all of you there. You can add it to your calendar here.

Thank you all for being with us on this journey to create the best on-chain permissionless options platform. We hope you’re as excited about the future of Premia as we are.