Many countries in the world experience hyperinflation driving many companies out of business when they are not prepared. Protec builds on top of Pods options primitive, and the Redstone oracle to ffer a solution. With Protec you can hedge your company over commmodities like corn, rice, gasoline, and milk.
Composing existing platforms, and the idea of offering a non-exising product to current defi users.
The team learned that the pricing of option uses complex mathematical models to calculate the price of options. In general we got more familiarized with the concept of options for hedging purposes.
PODS Finance Option primitive, Redstone Oracle for commodities, React-APP, Solidity
Redstone Oracle is interesting because it method is different than typical on-chain oracles. Data is only available on request, first off-chain, then on-chain. The team initiated the journey with the idea of offering multiple commodities and different option conditions. However, towards the end the team realized this overcomplicated the MVP.
Complete integration of commodities and respective oracle process. Allow exercise,provide liquidity, functionality on front-end.