A brief overview of the DYMMAX protocol, that provides a decentralized way for issuing options for cryptocurrencies based on the parimutuel betting with the fixed odds pricing model
We describe three approaches including fully collateralized custodial tokens, partially collateralized custodial tokens, and dynamically stabilized tokens, and demonstrate that only fully collateralized tokens can be stable, even under extreme circumstances. To conclude, we discuss in detail Digital Trade Coin, a stable coin backed by either fiat or real assets and argue that such a coin can be used as a much-needed counterpoint to the US dollar. We also briefly discuss merits and demerits of Libra proposed by Facebook.
The topic of Initial Coin Offerings seems rather simple on a high level. A company can issue a token through a smart contract to fund its project’s development. However, issues have arisen over time with simpler protocols of the first ICOs: some undesirable economic properties made token sales either unpredictable or inaccessible for investors, which in turn also lead to congestions of underlying P2P networks due to increased demand. The increase of severity of these issues over time has sparked additional research and development of more sophisticated ICO protocols.
Stanford CS 007-10: Personal Finance for Engineers / Additional TopicsAdam Nash
These are the slides from the 10th session of the Stanford University class, CS 007 "Personal Finance for Engineers" This seminar covers student requested additional topics for the course, including bitcoin / cryptocurrency, derivatives, futures, options, private equity & venture capital.
We describe three approaches including fully collateralized custodial tokens, partially collateralized custodial tokens, and dynamically stabilized tokens, and demonstrate that only fully collateralized tokens can be stable, even under extreme circumstances. To conclude, we discuss in detail Digital Trade Coin, a stable coin backed by either fiat or real assets and argue that such a coin can be used as a much-needed counterpoint to the US dollar. We also briefly discuss merits and demerits of Libra proposed by Facebook.
The topic of Initial Coin Offerings seems rather simple on a high level. A company can issue a token through a smart contract to fund its project’s development. However, issues have arisen over time with simpler protocols of the first ICOs: some undesirable economic properties made token sales either unpredictable or inaccessible for investors, which in turn also lead to congestions of underlying P2P networks due to increased demand. The increase of severity of these issues over time has sparked additional research and development of more sophisticated ICO protocols.
Stanford CS 007-10: Personal Finance for Engineers / Additional TopicsAdam Nash
These are the slides from the 10th session of the Stanford University class, CS 007 "Personal Finance for Engineers" This seminar covers student requested additional topics for the course, including bitcoin / cryptocurrency, derivatives, futures, options, private equity & venture capital.
IMPORTANT STEPS TO CHOOSE RIGHT ONE FOR CRYPTOCURRENCY.pptxXtream Forex
A cryptocurrency is a string of encrypted data used to represent a unit of money. It is governed and managed through a peer-to-peer network known as a block chain, which also acts as a safe transaction record.
Chapter 3 How Securities are traded? Bodie, Kane et all with Nepali contextSINGHZEE
This presentation is basically the CHAPTER 3 presentation from the Book "Investments" by Bodie, Kane, Marcus and Mohanty with relevant information from Nepali Market
PLEASE HIT LIKE IF IT'S HELPFUL! :D
Gold 2013 Sydney - How the Gold Market Works, What's Changing and How to Bene...Symposium
Presentation at the 2013 Gold Investment Symposium in Sydney, 16-17 October 2013. Presentation given by Bullion Capital's Chief Executive Officer, Thomas Coughlin.
Hi friends,
This is Rahul Sharma, today I wanna share my anguish with every new investor, I have decided to invest in foreign market in 2012, I was totally perplexed at that time because I had not any idea regarding to foreign exchange market,I just been through number of traders ,but every body tried to flimflam me, I would give special thanks to my best pal Gaurav, he ushered me to a https://www.forexnx.com/about-forex.html
Well after getting proper guidance I just click on https://www.forexnx.com/about-forex.html and knew about Forexnx.com, and directly contacted to their tele caller ,would love to this tremendous experience with every guy that their tele caller was so helpful and energetic ,he cleared my concept about forex trading by online free trading, I have been doing forex trading for last one year ,and I ain’t hesitated to share it that in every step www.forexnx.com has helped me out,
For know more about forexnx trading just been http://onlineedge.in/lp/forexnx/ remember me.
Dear sir/ma’am,
Great news for every new investor that www.forexnx.com is declared the best online trading company, we are providing our services in foreign exchange market for last couple of years ,now there are number of reasons why are we best comparison to other foreign exchange companies.
1. We are 24*5 hours available for our customers.
2. We believe in decentralize system of management means our customers are very important for us, we treat him/her as an employee of our company.
3. We provide free online training to our customers before they step in foreign exchange market.
4. We always inform you by email or phone call that what’s going on in foreign exchange market.
If you want to invest yours money at right place, just visit us at www.forexnx.com, we are fast growing company in this dog eats dog market, we completely believe in customer satisfaction.
IMPORTANT STEPS TO CHOOSE RIGHT ONE FOR CRYPTOCURRENCY.pptxXtream Forex
A cryptocurrency is a string of encrypted data used to represent a unit of money. It is governed and managed through a peer-to-peer network known as a block chain, which also acts as a safe transaction record.
Chapter 3 How Securities are traded? Bodie, Kane et all with Nepali contextSINGHZEE
This presentation is basically the CHAPTER 3 presentation from the Book "Investments" by Bodie, Kane, Marcus and Mohanty with relevant information from Nepali Market
PLEASE HIT LIKE IF IT'S HELPFUL! :D
Gold 2013 Sydney - How the Gold Market Works, What's Changing and How to Bene...Symposium
Presentation at the 2013 Gold Investment Symposium in Sydney, 16-17 October 2013. Presentation given by Bullion Capital's Chief Executive Officer, Thomas Coughlin.
Hi friends,
This is Rahul Sharma, today I wanna share my anguish with every new investor, I have decided to invest in foreign market in 2012, I was totally perplexed at that time because I had not any idea regarding to foreign exchange market,I just been through number of traders ,but every body tried to flimflam me, I would give special thanks to my best pal Gaurav, he ushered me to a https://www.forexnx.com/about-forex.html
Well after getting proper guidance I just click on https://www.forexnx.com/about-forex.html and knew about Forexnx.com, and directly contacted to their tele caller ,would love to this tremendous experience with every guy that their tele caller was so helpful and energetic ,he cleared my concept about forex trading by online free trading, I have been doing forex trading for last one year ,and I ain’t hesitated to share it that in every step www.forexnx.com has helped me out,
For know more about forexnx trading just been http://onlineedge.in/lp/forexnx/ remember me.
Dear sir/ma’am,
Great news for every new investor that www.forexnx.com is declared the best online trading company, we are providing our services in foreign exchange market for last couple of years ,now there are number of reasons why are we best comparison to other foreign exchange companies.
1. We are 24*5 hours available for our customers.
2. We believe in decentralize system of management means our customers are very important for us, we treat him/her as an employee of our company.
3. We provide free online training to our customers before they step in foreign exchange market.
4. We always inform you by email or phone call that what’s going on in foreign exchange market.
If you want to invest yours money at right place, just visit us at www.forexnx.com, we are fast growing company in this dog eats dog market, we completely believe in customer satisfaction.
What website can I sell pi coins securely.DOT TECH
Currently there are no website or exchange that allow buying or selling of pi coins..
But you can still easily sell pi coins, by reselling it to exchanges/crypto whales interested in holding thousands of pi coins before the mainnet launch.
Who is a pi merchant?
A pi merchant is someone who buys pi coins from miners and resell to these crypto whales and holders of pi..
This is because pi network is not doing any pre-sale. The only way exchanges can get pi is by buying from miners and pi merchants stands in between the miners and the exchanges.
How can I sell my pi coins?
Selling pi coins is really easy, but first you need to migrate to mainnet wallet before you can do that. I will leave the telegram contact of my personal pi merchant to trade with.
Tele-gram.
@Pi_vendor_247
how to sell pi coins at high rate quickly.DOT TECH
Where can I sell my pi coins at a high rate.
Pi is not launched yet on any exchange. But one can easily sell his or her pi coins to investors who want to hold pi till mainnet launch.
This means crypto whales want to hold pi. And you can get a good rate for selling pi to them. I will leave the telegram contact of my personal pi vendor below.
A vendor is someone who buys from a miner and resell it to a holder or crypto whale.
Here is the telegram contact of my vendor:
@Pi_vendor_247
how to sell pi coins on Bitmart crypto exchangeDOT TECH
Yes. Pi network coins can be exchanged but not on bitmart exchange. Because pi network is still in the enclosed mainnet. The only way pioneers are able to trade pi coins is by reselling the pi coins to pi verified merchants.
A verified merchant is someone who buys pi network coins and resell it to exchanges looking forward to hold till mainnet launch.
I will leave the telegram contact of my personal pi merchant to trade with.
@Pi_vendor_247
Seminar: Gender Board Diversity through Ownership NetworksGRAPE
Seminar on gender diversity spillovers through ownership networks at FAME|GRAPE. Presenting novel research. Studies in economics and management using econometrics methods.
what is the future of Pi Network currency.DOT TECH
The future of the Pi cryptocurrency is uncertain, and its success will depend on several factors. Pi is a relatively new cryptocurrency that aims to be user-friendly and accessible to a wide audience. Here are a few key considerations for its future:
Message: @Pi_vendor_247 on telegram if u want to sell PI COINS.
1. Mainnet Launch: As of my last knowledge update in January 2022, Pi was still in the testnet phase. Its success will depend on a successful transition to a mainnet, where actual transactions can take place.
2. User Adoption: Pi's success will be closely tied to user adoption. The more users who join the network and actively participate, the stronger the ecosystem can become.
3. Utility and Use Cases: For a cryptocurrency to thrive, it must offer utility and practical use cases. The Pi team has talked about various applications, including peer-to-peer transactions, smart contracts, and more. The development and implementation of these features will be essential.
4. Regulatory Environment: The regulatory environment for cryptocurrencies is evolving globally. How Pi navigates and complies with regulations in various jurisdictions will significantly impact its future.
5. Technology Development: The Pi network must continue to develop and improve its technology, security, and scalability to compete with established cryptocurrencies.
6. Community Engagement: The Pi community plays a critical role in its future. Engaged users can help build trust and grow the network.
7. Monetization and Sustainability: The Pi team's monetization strategy, such as fees, partnerships, or other revenue sources, will affect its long-term sustainability.
It's essential to approach Pi or any new cryptocurrency with caution and conduct due diligence. Cryptocurrency investments involve risks, and potential rewards can be uncertain. The success and future of Pi will depend on the collective efforts of its team, community, and the broader cryptocurrency market dynamics. It's advisable to stay updated on Pi's development and follow any updates from the official Pi Network website or announcements from the team.
USDA Loans in California: A Comprehensive Overview.pptxmarketing367770
USDA Loans in California: A Comprehensive Overview
If you're dreaming of owning a home in California's rural or suburban areas, a USDA loan might be the perfect solution. The U.S. Department of Agriculture (USDA) offers these loans to help low-to-moderate-income individuals and families achieve homeownership.
Key Features of USDA Loans:
Zero Down Payment: USDA loans require no down payment, making homeownership more accessible.
Competitive Interest Rates: These loans often come with lower interest rates compared to conventional loans.
Flexible Credit Requirements: USDA loans have more lenient credit score requirements, helping those with less-than-perfect credit.
Guaranteed Loan Program: The USDA guarantees a portion of the loan, reducing risk for lenders and expanding borrowing options.
Eligibility Criteria:
Location: The property must be located in a USDA-designated rural or suburban area. Many areas in California qualify.
Income Limits: Applicants must meet income guidelines, which vary by region and household size.
Primary Residence: The home must be used as the borrower's primary residence.
Application Process:
Find a USDA-Approved Lender: Not all lenders offer USDA loans, so it's essential to choose one approved by the USDA.
Pre-Qualification: Determine your eligibility and the amount you can borrow.
Property Search: Look for properties in eligible rural or suburban areas.
Loan Application: Submit your application, including financial and personal information.
Processing and Approval: The lender and USDA will review your application. If approved, you can proceed to closing.
USDA loans are an excellent option for those looking to buy a home in California's rural and suburban areas. With no down payment and flexible requirements, these loans make homeownership more attainable for many families. Explore your eligibility today and take the first step toward owning your dream home.
Currently pi network is not tradable on binance or any other exchange because we are still in the enclosed mainnet.
Right now the only way to sell pi coins is by trading with a verified merchant.
What is a pi merchant?
A pi merchant is someone verified by pi network team and allowed to barter pi coins for goods and services.
Since pi network is not doing any pre-sale The only way exchanges like binance/huobi or crypto whales can get pi is by buying from miners. And a merchant stands in between the exchanges and the miners.
I will leave the telegram contact of my personal pi merchant. I and my friends has traded more than 6000pi coins successfully
Tele-gram
@Pi_vendor_247
3. INTRODUCTION
But exchanges are vulnerable
• October 1: a lawsuit from CFTC to BitMEX
• October 16: OKEx closed withdrawals
3
According to CoinGeco
4. DeFi
• No wonder that DeFi's market is growing
• Decentralized exchanges, futures, lending, ...
According to Defi Pulse
4
5. Decentralized options
• But still no solution for decentralized options
• The main problem with vanilla options - a seller
should lock a lot of funds to ensure payments
• Big prices and low liquidity as a result
5
6. DYMMAX: auctions
Here DYMMAX comes:
• Option strategies for bear, bull and flat markets
• No dedicated option seller
6
7. DYMMAX: auctions
Strategies compensate each
other such that the bank is
always enough for payments
•
Option price is efficiently
calculated off-chain
•
Profit/Loss
10
20
30
40
50
0
10
20
30
40
50 10 20 30 40 50
10
20
30
40
5040 30 20 10
7
8. DYMMAX: Liquidity pool
Initial liquidity is useful to bootstrap auctions and liquidity pools
solves this
•
A user can lock token X and receive dmX pool tokens•
POOL
dmUSDT
USER
8
9. DYMMAX: Liquidity pool
X tokens will automatically provide liquidity to options with X
quote currency
•
dmX token holders share fees and profits from this pool•
USDT POOL AUCTION
ETH/USDT
PROFIT + FEES
9
10. DYMMAX: Liquidity pool
Various pool tokens will circulate simultaneously – e.g. dmUSDT,
dmBTC, dmETH
•
DMX governance token will connect them•
dmUSDT
dmBTC
dmETH
...
10
11. DYMMAX: Liquidity pool
To lock funds into the liquidity pool, you have to stake your DMX tokens
(and vice versa)
•
Increasing DMX price will allow to lock more funds into liquidity pools and
get benefits from the DYMMAX protocol
•
USDT POOL
DMX STAKING
USER
11