The Premian Take #7

5 min readApr 28, 2023

Although slightly delayed, it’s that time again.

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

It’s been a silent three weeks for Premia mostly spent on, well, building.

Nonetheless, we have been working super hard on v3 and the Academy as the markets are swinging up and down.

The Premia Blue (cooler name for v3) trading competition is now aimed at the end of May, as we finalize a couple things.

It’s the small things that will make a real difference, such as the chanbox and the design language, that we want to get juuust right for the trading competition to ensure a smooth transition to a finished product.

On the other hand, the Premia Academy, along with the Options Introduction course, is looking to go live soon-ish. Again, we want to make things extra-perfect for y’all, so look forward to it ❤.

So, what’s happened over the past three weeks? Ethereum underwent the Shanghai upgrade successfully, we had a whole meme-week with $PEPE going parabolic, and the markets are showing signs of a sustained rally!

Here’s a TL:DR of everything you might’ve missed regarding Premia over the past (three) weeks:

Options Talk w/Marty: Meme Coins, ETH Volatility and Global Markets
Premia x Hats Finance Bug Bounty AMA
Premia Blue Demo Video
Premia DAO Receives 1.8M ARB Tokens
22M Unlocked Premia Tokens Re-Vested For 4 Years (Article Reference)
Premia’s Head of Partnerships Caesar Quoted on a DLNews ETH Article (free alpha)

Meme Week, Shanghai Rally, and the ARB DAO Airdrop

In the last newsletter, we said April was gonna be a hell of a ride. Well, it really was.

A parabolic meme week for crypto saw $PEPE rallying deliriously, capturing the attention of traders and meme enthusiasts alike. As the frenzy continues, market participants are eagerly speculating on the next meme token to take flight.

The much-anticipated Ethereum Shanghai upgrade finally took place, igniting a rally for ETH and the markets alike. Though the release initially led to some turbulence, the long-term outlook for ETH remains extremely bullish as the upgrade offers several enhancements to the network.

In parallel, the Arbitrum ecosystem got a boost with the execution of ARB’s DAO airdrop. This event signals further growth for the ecosystem, as some protocols gained a massive bump up for their treasury and governance power.

Look forward to ripple effects from Shanghai as we begin the journey towards Ethereum’s next hard-fork The Surge, which signals the implementation of Proto-Danksharding — a massive scalability upgrade for Layer 2s.

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

Premia x Marty Options Talk w/HanSolar and The DeFi Guy

Following a massive volatility move in the markets, Marty & the Premia Crew are joined by HanSolar & The DeFi Guy along with Magicks, Premia’s newest member!

Join the crew as we talk about frog coins, the Shanghai upgrade, market volatility, and the macro backdrop!

HanSolar is a DeFi researcher! One beautiful afternoon he discovered trading options, and how he’s here!
Magicks is an ex-TradFi money guy with experience in investment banking who recently joined the dark side (and Premia!)

Here’s a rundown of our crew this week:

Marty, Art School Dropout Turned Vol Trader
DK, Headmaster of Legal
Cozy, On-Chain Degen
Magicks, The Money Guy
The DeFi Guy, The Only DeFi Guy

It’s another banger, so listen to it here.

22M Unlocked Premia Tokens Re-Vested For 4 Years

As Outlined in the Premia Tokenomics Recap 22mm Premia Tokens previously unlocked have been re-vested for an additional 4 years.

As can be reflected in this long-term commitment, we’re in it for the long haul.

The entire team is confident in Premia’s potential as a protocol. Y’all can trust that Premia Finance is here to stay and will continue to grow and expand in the ever-branching DeFi landscape!

For reference, here’s an earlier article outlining our plans with tokenomics and Premia’s decentralized governance.

Statistics

The steady growth continues from the past few months.

Most notably, Premia reached a new 2023 high of $15M TVL on April 14th!

With the unpredictable mid-sized moves in the markets, the Knox Vaults have been making some pretty good gains lately.

Let’s take a look at Premia’s stats from the past few weeks:

Current TVL: $13.1M, 7.6% decrease from Apr 7th.
Volume Apr 1st — Apr 28th: $16.4M
Current Knox Call Vault APY: 13.8%
Current Knox Put Vault APY: 9.6%

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 ❤

Are you exploring options yet, anon?

Our frens from across the sea doing delta-neutral strats w/ Premia & Lyra!

The DeFi Investor listing Premia alongside other DeFi projects with strong upcoming catalysts!

As usual, we love the Linn ❤

Are you still fading Premia, anon?

Afterword

Appropriately, I’ll repeat the (almost) exact words from the last edition of The Premian Take:

Premia Academy is launching in a few weeks, and the Premia Blue trading competition is launching a few more weeks after that. Look forward to exciting things down the pipeline!

Hope you ain’t fading anymore, anon.

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