DeOrderBook Set to Launch on Ethereum Mainnet, Pioneering Truly Trustless DeFi Optionality

PRESS RELEASE. DeOrderBook, a groundbreaking decentralized finance (DeFi) optionality protocol, is gearing up for its Ethereum mainnet launch, ushering in a brand new period for DeFi customers who search unprecedented capital flexibility, superior hedging mechanisms, and sustainable actual yield.

At launch, the protocol helps $WBTC and $USDC though the group is actively engaged on help for additional cash and chains.

What makes DeOrderBook particularly fascinating?

DeOrderBook’s distinctive design represents a major departure from conventional DeFi protocols by offering an automatic solution to monetise an optionality place — give it some thought as a Uniswap for optionality. We created a coherent demand-and-supply system for the $DOB token to behave because the magnet for optionality-writing liquidity whereas concurrently offering a sturdy auction-like mechanism for the demand aspect that catches the entire vary of optionality-rights generated by the protocol. Combined with fee-sharing, this provides DeOrderBook a major benefit in mechanism design that’s constructed round sound tokenomics.

Moreover, from a safety perspective, DeOrderBook’s technique is that the large movers in DeFi want a protocol the place their danger could be utterly sure. To ship on that premise, we designed a protocol that’s actually trustless (i.e. 100% DeFi) the place not solely we managed to remove all kinds of counterparty (together with custodial dangers) and credit score dangers however even eliminated oracles utterly from the design by working by the basics of choices design and sport idea.

The result’s an optionality protocol that’s unparalleled in its utility and safety in both CeFi or DeFi. This modern mannequin ensures a good and clear buying and selling surroundings that eliminates “black field mechanisms” and different sources of catastrophic failures (e.g. oracle hacks, dangerous debt, or custodial malfeasance) that precipitated the bearish cycle we see in crypto immediately (i.e. preventable collapses of Terra, 3AC, and FTX).

How to take part

On DeOrderBook, the principle person motion is the location of DeOrders, which work equally to warrants in CeFi as a minimal-risk solution to write upside or draw back optionality. Once a person locations their funds in a DeOrder, they immediately start accruing rewards in $DOB, the platform’s native token. Even if a DeOrder doesn’t find yourself ‘in the money’, customers are capable of obtain again the vast majority of their unique collateral (plus their $DOB), much less a 0.2% payment.

Join the Gerege NFT Program

DeOrderBook’s launch can also be accompanied by its distinctive Gerege NFT program which is designed to additional incentivize person engagement with the protocol. The NFT program was impressed by historical passports granted by the Mongolian empire to facilitate free commerce, and in the identical vein this program permits customers to entry the maximal degree of performance provided by the protocol.

NFTs could be leveled up by lively participation locally, which in flip will increase the share of fee-sharing that customers can get pleasure from. In addition, customers are incentivized to get in early with a singular system of pricing mechanics with a 25% improve each 500 mints, topic to alter by the group. A 1 12 months assured buyback scheme for the primary 500 NFTs minted ensures that early adopters get a risk-free trial of the advantages of holding a Gerege NFT.

The first assortment of Silver Gerege NFTs is already stay on the Ethereum mainnet and presently on non-public mint. In order to whitelist all it’s a must to do is register and validate your pockets. Users with mainnet balances of 0.005 $WBTC can be eligible for whitelisting.

DeOrderBook’s Mainnet Launch

By combining superior tokenomics, oracle-free operations, and a user-centric method, DeOrderBook’s imminent mainnet launch is ready to disrupt the DeFi panorama, pushing the boundaries of what has been performed earlier than and empowering each person to take advantage of their crypto holdings.

To study extra, observe DeOrderBook on Twitter or join the Discord to get the newest updates on the protocol. The protocol’s Youtube channel options deep dives and tutorials into the protocol, whereas its Mirror page often updates with new articles and group updates.

About DeOrderBook

DeOrderBook is a really trustless optionality protocol that gives actual yield, works with out oracles, and solves capital inefficiency in each DeFi and TradFi optionality markets. Users could be part of its fee-sharing NFT program to additional enhance their rewards. DeOrderBook is launching eminently within the Ethereum mainnet with a Bitcoin optionality market.

Press Contact:

Renee

Product Marketing Manager

renee@deorderbook.com

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