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Dual Investment Pools (DIP) Staking UI for SOL, BTC & ETH
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Earn Real Yield. Deposit crypto to get paid USDC immediately
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Beginner Mode for easier to understand option trading & staking
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Trading logic logs. Chainlink prices used hedge and to calculate delta & gamma
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Connection to Quicknode RPC for polling tokenized option positions & low latency trade entry on OpenBook
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Risk Manager providing natural liquidity via Chainlink price to SOL/USDC on OpenBook
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Risk Manager providing natural liquidity on a very illiquid MNGO/USDC on OpenBook
Inspiration
Crypto Tokenomics are broken. Options based incentives present a better ways to align participants of decentralized communities but lack liquidity.
What it does
Dual Finance provides liquidity for and from on-chain option trades. Users can earn real yield by depositing crypto into Dual Investment Pools (DIPs).
How we built it
On Solana using OpenBook (Serum Community Fork) integrating multiple oracles including Chainlink for robust pricing & Quicknode RPCs for fast trading
Challenges we ran into
Managing positions and getting robust oracle pricing on illiquid products in an automated fashion creates lots of edge cases that can lead to poor trades.
Accomplishments that we're proud of
The seamless connection between the protocol taking on options risk and creating organic liquidity on-chain.
What we learned
Not all Oracles are created equal, robustness and confidence from each data sources varies greatly.
What's next for Dual Finance: Natural Liquidity
Planning on additional integrations onto Solana DEXs as well as moving multi-chain. DUAL token launch that dogfoods options based token distribution.
Built With
- anchor
- chainlink
- pyth
- quicknode
- rust
- switchboard
- typescript
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