The Premian Take #5

7 min readMar 25, 2023

It’s been a hectic couple of weeks…

Welcome to the fifth edition of The Premian Take newsletter — a biweekly one-stop shop for all your Premia-related news and needs!

Premia’s schedule has been chock-full of action, while the entire cryptosphere has been buzzing with excitement.

Not only have we been active with partnerships, community calls, and content, but we’ve got heaps more in the pipeline that we can’t wait to share it with you all!

As if things weren’t already thrilling enough, the ARB airdrop has happened, and we already launched an options pool for it! Check out our newly launched ARB options here, and an article going in-depth here.

Meanwhile, the Premia Academy is on the verge of completion and the Premia Parliament is finalizing formation. We’re currently adding some final touches to the Academy front-end to make it absolutely perfect.

Additionally, the Academy will feature dynamic badges and a nifty learn-to-earn program, with even more cool stuff planned for the future!

Alright, time to dive into the deep end! Banks are crumbling left and right, BTC is on a wild rally, and there’s so much more to explore!

Let’s jump into the heart of the action and cover everything that went down over the past few weeks…

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

In recent weeks, the crypto landscape has seen a series of rather notable events. Let’s talk about the narrative surrounding crypto as we move further in the second quarter of 2023.

The much-anticipated Arbitrum airdrop was finally announced and subsequently took place. This then caused some massive records in daily transactions, with the immense demand leading to crashes on both Arbiscan and the claim site.

Alongside the ARB token, the Arbitrum Foundation/DAO are initiating a grants program to support native protocols.

On the traditional financial front, banking giants like Credit Suisse continue to face challenges, and the Fed is experiencing its share of difficulties. These developments highlight the ever-growing contrast between the traditional financial system and the emerging crypto market.

In the regulatory realm, the SEC has served both Coinbase and Sushiswap, signaling increased scrutiny in the crypto industry. Additionally, Mr. Do Kwon, the infamous founder of Terra, has finally been arrested.

Lastly, the ZKSync Era Mainnet Alpha has officially launched, potentially bringing established protocols such as Curve and Yearn with it…

The evolving landscape underscores the resilience and innovation driving the crypto market, even amid the external challenges and uncertainties. The crypto community is demonstrating impeccable passion, and we’re glad to be a part of it ❤

Let’s go in-depth with the main highlights from the past few weeks:

Premia v3 Overview: A Future-proof DeFi Options Exchange

Premia v3 (or Premia Blue, as we like to call it) is a comprehensive, user-friendly, and modular options DEX designed to cater to the needs of options traders at all levels, including institutional capital.

Along with massive improvements over the current iteration of Premia, Premia v3 will gradually bring forth new features such as:

Limit orders
Smart concentrated liquidity
More strategy vaults
Margin trading
Permissionless pool creation.

These improvements aim to bridge the gaps of v2 and provide a future-proof DeFi options platform. Premia v3 will initially be launched exclusively on Arbitrum, although we do have aspirations for an omnichain future…

Take a read here to learn more about what Premia v3 will bring!

Premia x Arbitrary Execution Partnership

Say hello to our new friends — Arbitrary Execution!

We believe that with great code comes great responsibility.

Starting now, Premia will be working alongside best-in-class blockchain security firm Arbitrary Execution.

Our partnership with Arbitrary Execution will consist of three tiers to ensure we improve every possible angle of security to its maximum scale.

Code Review by Arbitrary Execution
Economic Audit by Smolquants, a collective of skilled DeFi risk researchers
Behavioral Audit: stress-test with the community

Following the Trilateral Security Audit, we will conduct an additional full-scale and comprehensive audit. Just to be extra sure.

Take a gander here to learn more about our partnership and the Trilateral Security Audit!

Premia x Marty Options Talk w/Tolga, DK, Cozy, Froggie, Tempesto from Smilee Finance

As per usual, we like the Marty.

This week’s Premia x Marty options talk was absolutely stacked, with our cast including a special guest from fellow options protocol Smilee Finance:

With this absolutely jacked lineup, we talk about Smilee Finance, macro, the Fed, and the current market landscape from the POV of industry boomers, zoomers, and degens alike.

As usual, it’s a banger filled with debate, somewhat structured discussion, and friendly banter. Take a listen to it here.

Premia Community Call 3/17

Filled to the brim with pure and unadulterated alpha, this long-overdue community call is one you don’t want to miss out on.

DK, KB, and Cozy share updates on product, research, development, marketing, and new partnerships.

There might even be an extra demo of Premia v3 at the end…

Watch the entire thing on our YouTube channel here!

Statistics

Last week, Premia surpassed $300M in cumulative all-time volume!

Moreover, TVL has been on a slight increase, with weekly volume being on a run up as well.

In less exciting news, the Knox calls vault is not doing too hot with the aggressive legs up lately. However, it’s merely a rough patch, and predicted yearly performance is still quite impressive.

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

Current TVL: $12.94M, up 8.7% from Mar 10th
Volume Mar 12th — Mar 19th: $6.76M, up 69% from the prior week
Current Knox Call Vault APY: -2.6%
Current Knox Put Vault APY: 4.9%

Note that yields are projected based on performance and other factors, 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 ❤

@DeFiMinty featuring @kindahangry’s Premia thread in a thread of notable Arbitrum projects! A threador-ception!

@crypto_linn featuring Premia in the Linn’s Leverage alpha newsletter once again! Are you still sidelined, anon?

@korpi87 featuring @slappjakke’s Premia thread in a megathread of innovative Arbitrum projects!

Premia v3 might just be real, anon…

@tervelix knows where the alpha is at!

Afterword

That’s it for this week!

Academy is near finished, v3 exchange layer code is locked in, audits are underway, and everyone is manic after the Arbitrum airdrop.

These are some exciting times to be a part of the coolest community in the world, anon.

Make sure to follow Premia’s Medium account & subscribe to email notifications to stay up to date with all things Premia and DeFi options!