Many of us who are have traded in some point of their life, must have come across futures and options in traditional stock market. Although devised as hedging tools, these are now something, which most traded products.
Comparing it to crypto market, with the volatility of crypto currency, options become very much essential. However, we can hardly find couple of projects which offer users to create positions via options. Now, going a bit further in their liquidity, we come across following issues:
— Options are European style, meaning we can execute it only on the day of expiry
— As these are not perpetual products, it adds more complexity to the users
— Because of the above complexities, the liquidity become quite les, which means — opening a desired position is extremely difficult.
Now comes Antimeter. What it does, is that it tries to solve the above issues, by creating perpetual cross chain option which will help mass adoption.
So, What the heck is Antimeter?
Antimatter, is a simple lightweight on-chain and cross-chain Defi derivative protocol with a polarized token mechanism. Since as of now, there are no DeFi platforms where users can execute their long and short strategies, antimatter is building a financial product with a focus on mass adoption through simplicity and normalization. They are coming up with the concept of polarized tokens. Their first product will be an eth perpetual product where anyone can short and long at any given time coupled with market-making and arbitrage opportunities.
FEATURES OF THE PLATFORM
1. Secondary market opportunities: with antimatter, you can engage in market-making and arbitrage as well as other secondary market opportunities.
2. Highly innovative defi mechanism: through antimatter, you can execute put and call strategies fully on-chain. You can read more on this on their medium page.
3. Simplicity and ease of use: all antimatter products are built with mass adoption in mind thus, their products are perpetual options without expiry dates or added complexities.
4. Cross-chain compatibility: antimatter is compatible with polkadot, binance smart chain, etc.
5. Self-sustainability and community governance: the antimatter protocol is self-sustainable as fees from products and protocol usage are used to buy back matter which is its utility token.
TEAM
The team is led by highly experienced and versatile experts in the crypto sphere. Their contributors include Jack Lu of Bounce.finance and Robert Hu of helmet.insure
TOKENOMICS
The utility token of the antimatter ecosystem is $MATTER and it can be obtained by staking, providing liquidity, option creation, redemption, etc. other info and details on the project can be found below;
Website: https://antimatter.finance/
Twitter: https://twitter.com/antimatterdefi
Telegram:https://t.me/antimatterchat
