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Smilee
Smilee is an open-source protocol that enables volatility-based products and strategies. By modeling liquidity providers as options sellers, it transforms Impermanent Loss (IL) into a portfolio of options, allowing the creation of various volatility-based payoffs. As the first primitive for volatility, Smilee empowers the development of Decentralized Volatility Products (DVPs) and facilitates on-chain derivative solutions, providing opportunities for new financial instruments and hedging risks.
RAISED
Smilee
Smilee is an open-source protocol that enables volatility-based products and strategies. By modeling liquidity providers as options sellers, it transforms Impermanent Loss (IL) into a portfolio of options, allowing the creation of various volatility-based payoffs. As the first primitive for volatility, Smilee empowers the development of Decentralized Volatility Products (DVPs) and facilitates on-chain derivative solutions, providing opportunities for new financial instruments and hedging risks.
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Project category:
DApp
DeFi
Volatility
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