The Premian Take #3
Welcome to the third edition of The Premian Take!
Premia news, updates, stats and announcements are aggregated into a single bi-weekly newsletter — a one-stop shop for keeping our community up-to-date on Premia and the state of DeFi options!
The last few weeks have been spent on silent building behind the scenes for Premia v3. Knox Vaults are printing yield, devs are devving, and the Premia Academy is coming along nicely. As things come into shape, the way forward is lighting up…
Coordination has been the name of the game as we’ve been busy discussing important fundamental decisions running up to v3. In tandem, we’ve put an emphasis on communicating these decisions to our community — read on for Theta Logs and the new Premia v3 Litepaper Keynote series!
If there’s anything Premia-related you’d like us to add to this biweekly newsletter, or just something you’d want to see more of, don’t hesitate to shoot us a message on Discord!
Now, let’s get into it. Bitcoin’s 25k level has been rejected, Arbitrum is seeing new highs in growth metrics, and the SEC is cracking down on crypto once again. Here’s everything that happened over the last two weeks!
Arbitrum has kept leading the rally, with some altcoins staying on their parabolic run. As new protocols are launching and familiar ones keep building, the Arbitrum ecosystem keeps growing. Arbitrum’s TVL, developer activity, and daily transactions are all going up and to the right, showing no signs of stopping anytime soon.
While we’re talking high praise of the Arbitrum community, our frens at Lido provided some extra $LDO rewards for LPs in Premia’s wstETH call and put options pools on Arbitrum until the end of February! If you’ve been missing out, there’s still a few days left, so check out our pools here.
ETH gas fees reached 2021 levels for a hot minute during the Blur airdrop, making Layer 2s like Arbitrum and Optimism look even better. Moreover, Arbitrum just surpassed Ethereum in daily transactions for the first time ever!
In less exciting news, the SEC has been cracking down on crypto once again. Earlier this month, one of the largest US-based crypto exchanges, Kraken, were forced to discontinue their yield-earning program. This was before the more recent news of the SEC labeling BUSD as a security, giving notice of potential enforcement action to Paxos — the issuer of BUSD.
Taking a step back, 25k has been rejected multiple times. Once again, don’t forget to manage risk accordingly! Perhaps by hedging with options on Premia…
Here’s everything you might’ve missed regarding Premia and DeFi options over the past few weeks:
- In case you missed it, we published a thread on our Knox Vault AMA
- Premia V3 LitePaper Keynote Series — Exchange Layer (Base)
- Premia x Marty Options Talk
- Theta Log 2/20
- Applications Open For The Premia Parliament Formation
- Coinbase Launches Ethereum Layer 2
- Blockworks x Lyra DeFi options talk
Here are the details for some of the highlights:
Premia V3 LitePaper Keynote Series — Exchange Layer
The Premia v3 whitepaper specification is dense, heavy on math, and hard to digest for most people.
This is why we’ll be breaking it down part-by-part in an easily digestible video format — the Premia v3 Litepaper Keynote Series!
Starting off, our research team explains the base exchange layer of Premia v3 with practical visualizers. If you’re interested in the changes that Premia v3 will bring, don’t hesitate to watch the video — it’s most definitely worth it.
Watch it on our YouTube channel here
Theta Logs 2/20/2023
Theta Logs are Premia’s way of documenting development progress and keeping our community in the loop via an easily digestible video format.
In the latest issue, you can find updates and information on:
- The Premia v3 Vault Layer: permissionless vault creation, composability, ERC-4626 vault tokens
- Message Network: RFQ, orderbook SDK, and more
- Timelines: parliament, academy, the v3 journey, and more
As usual, it’s brewing with Premia alpha — watch it on our YouTube channel here.
Premia x Marty Options Talk 2/22
This is the genesis installment of our bi-weekly Twitter Spaces dedicated to discussing DeFi options w/Marty aka @rush_btc on Twitter.
With options veteran Marty, and Tolga from our big-brain research team, we discuss:
- Options
- The Fed
- BoomerFi
- Regulation
- Macro conditions
All this while going back and forth with friendly banter. It’s a great listen to gain perspective into the crypto markets from industry veterans, so listen to the recording on our YouTube channel here!
Statistics
Knox Vaults have kept selling out, with the puts vault notably reaching some impressive APR’s after the leg up last week.
Let’s look at Premia’s statistics from the past few weeks:
Current TVL: $13.2M, up 6.4% from Feb 10th
Volume Feb 12th — 19th: $5.51M, up 49% from prior week
Knox Call Vault APY: 18%
Knox Put Vault APY: 101%
Note that yields are projected based on vault performance over the last few epochs, and are subject to change according to market conditions.
Community Spotlight
Our community are the main factor in helping drive Premia forward. As a small token of our gratitude, we include community spotlights in each newsletter ❤
Our CEO @veH0rny making money with $LINK calls in 2023!
@defiminty featuring Premia on a list of fundamentally strong smallcap altcoins to look out for!
Thanks to @crypto_linn for featuring Premia not once, but twice!
Premia featured on @banklessHQ’s list of options protocols to look out for!
Premia’s wstETH pools featured on this great thread about our friends Lido by @caesarjulius0!
