The Premian Take #4

5 min readMar 10, 2023

In the face of uncertainty, a blue giant approaches… are you prepared, anon?

Premia v3 is getting so close I’m starting to feel it in my bones. Speaking of, we’ll slowly begin to lift the curtain next week. If you’re waiting for v3, you probably don’t want to miss it.

Besides building v3, not much craziness has been going on on this side of the curtain. Development is coming along nicely, we went to ETHDenver (throwing a happy hour w/tacos), and daily platform volume saw huge spikes at the start of March.

Our content efforts have been put up a notch yet again, with a brand new (and very practical) Market Data newsletter featuring our friend Marty — you’ll find more details further down.

Alrighty then. Silvergate Bank is shutting down operations, BTC just fell off a ledge, and staked ETH withdrawals are coming to the Goerli testnet soon — let’s get into it!

Here’s a TL;DR: of the key points you might’ve missed regarding Premia and DeFi over the past few weeks:

At Premia, we’ve upped our content efforts yet again in preparation for the long-awaited v3 upgrade. We’re still in the initial phase of our content empire, aka content farm, with the Premia Academy and some v3-related articles on the horizon.

Market conditions have become increasingly uncertain over the past few weeks with choppy price action and silent volatility, resulting in BTC dangling off the edge of support. This is in the face of macro conditions, regulatory risk, and Silvergate Capital — one of the central lenders to the crypto industry — ceasing operations and liquidating its bank.

In some lighter news: the Ethereum Goerli testnet is approaching, the Shapella upgrade scheduled on Mar 14th. This upgrade will bring forth staked ETH withdrawals and is expected to be the last testnet upgrade before the Shapella upgrade on the Ethereum mainnet.

Speaking of, ETH keeps reaching new highs in its deflationary status, seeing a total burn of ~50k ETH thus far since The Merge.

Here’s a condensed version of Premia’s highlights over the past few weeks:

New Series: Market Data by Premia x Marty #1

Kicking off spring with something new and practical for all of the options traders out there!

Market Data by Marty is a monthly newsletter aiming to provide crypto option market data in a readable fashion, striking the perfect balance between comprehensive analysis and digestibility.

In this new collaboration between options savant Marty and you favourite options DEX, Premia, you can expect to find the analysis on:

Monthly crypto, macro, and TradFi data (and correlations)
Notable option data
Market volatility

If you’re an invested options trader or want to learn how to analyze the markets more efficiently, give it a read here!

Premia x Marty Options Talk w/@satoshiheist

We like all things Premia x Marty…

In this edition of our Twitter Space Options Talk, we’re joined by Professor Satoshi, a crypto options connoisseur. This week, our cast includes:

From the POV of seasoned veterans, we talk about:

Current volatility regime
Options pricing
Macro conditions
Regulatory forecast

There’s a bite of alpha to be found, so take a listen to the recording on Premia’s YouTube channel!

Exploring Soulbound Tokens in Governance

The first priority for any DAO is to achieve a robust governance structure.

In this edition of Premia’s Governance Series, we explore the vulnerabilities of decentralized governance structures along with how Soulbound Tokens — tokens that are bound to a wallet — can assist in bridging the gaps.

It’s a great in-depth and comprehensive read for those interested in DAOs, governance, or Soulbound Tokens.

Take a look at it here.

During ETHDenver, Premia saw some impressive upticks in daily notional volume. Perhaps due to the crème de la crème of DeFi degens marking up Premia as one to look out for?

Anyways, let’s look at Premia’s statistics from the past few weeks:

Current TVL: $11.9M, down 11.6% from Feb 24th
Volume Feb 26th — Mar 5th: $4.7M, down 4% from the prior week
Current Knox Call Vault APY: 7.9%
Current Knox Put Vault APY: 48%

*Note that yields are projected based on performance and other factors, and are subject to change according to market conditions.

Community Spotlight

Our community is the main factor in helping drive Premia forward. As a small token of our gratitude, we include community spotlights in each newsletter ❤

Thanks for coming to our event at ETHDenver, @flipdrago!