DeltaTheta AMA Recap
DeltaTheta is a platform, which provides an advanced infrastructure and ready-made solutions to control and minimize risks for any participants of the crypto market.
Maks Nedobor, DeltaTheta CMO
Fintech and blockchain product marketing lead with 4+ years of experience.
Strong product marketer, who knows the real power of blockchain and community.
Worked in a number of the famous crypto enterprises on their product/platform marketing and market entries.
Danil Zatologin, DeltaTheta CEO
Worked for over 15 years as a trader on the stock and derivatives market in various brokerage companies.
Question from the CryptoRank team
#1. Can you tell us about DeltaTheta? What problems do you solve, both in the space and for the community?
Danil: – Well, delta.theta is a peer-to-peer option trading platform currently operating on both Binance Smart Chain and Ethereum. In simplest terms, it is a protocol that enables CEX liquidity on options to be available on-chain. Options traders can maintain self-custody and avoid doing KYC, the true DeFi value, and tap into the first deeply liquid options market. This is possible because deltaTheta enables a decentralized network of real-time order book market makers to hedge DEX options against CEX order books.
DeFi farmers, on the other hand, get access to the lowest premium on price crash insurance. Premiums up to 90% lower than platforms like Hegic.
A. Protection for DeFi Farmers
As DeFi TVL grows, the need for price insurance becomes greater. Such solutions are primarily offered in the form of options. However, on-chain solutions for options charge substantial premiums, are limited to Ethereum, and fail have sufficient liquidity. Delta.theta uses the highly liquid options markets across all major CEX (Binance, Deribit, and OKEx) and funnels that liquidity on-chain.
The lite version provides protection against price loss to farmers beyond Ethereum.
B. DeFi for Expert Traders
DeFi largely revolves around spot trading. Protocols like Aave and Compound provide simple margin options too. The average trade on most CEX, though, is over 20x leverage. Options can provide (a) extreme leverage, (b) hedging, and (c) strategic trading.
For now, any DeFi trader would have to opt for a CEX to properly participate in options. Delta.theta resolves this problem with a rapid fulfillment terminal on BSC.
#2. Could you shortly describe the milestones DeltaTheta has achieved, and tell us about your upcoming plans?
Maks: – We’re skyrocketing fast in developing our platform. We’ve recently published our updated roadmap. We’re going to have the platform live in the near future – it has successfully passed a smart contract audit and is ready to go🚀
we’re just polishing the Launch button gears and getting the final preparations done. Also, we’re planning to have at least a few major updates to the platform and available tools and assets for trading in 2021.
Questions from Twitter
#1. At this point, do you think you need exchanges as a binance to keep growing? Or is it better to forget those things and focus on other activities?
Maks: – Good question. And debatable.
Loud listings and mainstream hype definitely brings more positive things then negative.
Though, let’s not revert the nature of top tier listings. delta.theta is a P2P options trading platform which allows every trader access the true liquidity without any intermediaries.
That is why we, as a team with strong devotion to decentralization and distribution values, believe that our hard work and excellent product will help us grow. And that would bring the top tier listings
#2. How does your High sell module work? What kind of advantages do you think this opportunity given to farmers adds to DeltaTheta?
Danil: – In a simple words – Sell higher equal to CALL options seller. We started out with a simple one – by allowing farmers to sell options. You sell an option – and you make money. We give the farmer an opportunity to make money on his desire to use his own capital more efficiently. Example: A farmer wants to sell a coin at a higher price and comes to delta.theta, he uses the Sell High option and places a limit order through the delta.theta LITE app and the magic begins: a. first, his order can go into LIP (disabling feature) – this means that his order is deposited on the Venus protocol and the farmer is paid the appropriate APY b. Secondly, if the buyer bought the farmer’s option, he paid him a premium. But the option may not be executed. So, the farmer has already earned in 2 places just on his desire to be efficient.
#3. What can Delta theta offer to instill confidence especially when it comes to liquidity and price spreads when trading?
Danil: – With delta.theta you can avoid impairment losses as LP in comparison with other protocols. We will give spreads very close to CEXs, because we enable CEX liquidity on options to be available on-chain
Questions from Telegram
#1. What wallet does your project support or do you have your own wallet?
Maks: – Our project supports any wallets which are compatible with BSC and ETH network tokens – ERC20 and BEP20 accordingly
#2. When reviewing projects, we all pay attention to their safety precautions. I read that Delta Theta has been audited by Hacken. Will there be other audits and will you share the audit results transparently to ensure that the platform is truly secure?
Danil: – We have been working with other auditor. Wait for official announcement
#3. Do you have any Coin Burn / BuyBack systems or any Token Burn plans to increase the value of Token & attract Investors to invest?
Danil: – I like token burning like BNB apporach. Also I like Uniswap apporach with retro active distribution. I’m thinking about it