The DeFi ecosystem is always looking for the best way to deliver all the tools that we are already using in the traditional market. Tools like swaps, interest loans, premiums and even derivatives transactions.
Here, the Antimatter platform will give users a distinct advantage to profit from their derivatives trading holdings.
The Antimatter protocol is built to create perpetual call (buy) and put (sell) options while eliminating any risk of liquidation or funding fees (which is the funding rate times the volume of an order). This platform offers automatic global options trading with no custody (custodial) available 24/7 to its users. In particular, Antimatter users can participate in a role other than the option buyer. They are allowed to create and redeem call and put options like liquidity providers on the network. What the platform does is bring the Uniswap model to derivatives trading.
Antimatter was founded in 2021 by Jack Lu and Robert Hu, two core developers with extensive experience in the DeFi space. Jack Lu is also the creator of Bounce.finance, a decentralized auction platform for NFTs. on Fangible and loans from the community for Polkadot. The Antimatter project aims to simplify derivatives trading in the cryptocurrency market and further popularize options trading for investors.
Antimatter How does it work?
Antimatter is a platform that provides decentralized perpetual futures trading to users.
A perpetual option allows users to bet on a particular cryptocurrency to increase or decrease in price using a derivative. Antimatter achieves this by tokenizing perpetual options, so that investors can create and trade these tokens.
Indicator prices on the Antimatter platform provide an opportunity for investors to capitalize on the difference between the market price and the indicator price of a particular cryptocurrency.
The platform is in early development as of 2021; however, their ambitious roadmap lays out future plans clearly. The roadmap includes all the steps needed to grow, like listing on Uniswap and PancakeSwap, creating and trading options, and becoming the most widely used, intuitive decentralized platform for trading Cryptocurrency derivatives translation.
What makes Antimatter Be unique?
Antimatter serves an increasingly crowded segment of DeFi users who want their cryptocurrency to continue to grow on decentralized platforms. Through a variety of tools such as yield farming and options trading, the pioneers in the field can find ways to grow their assets exponentially quickly. Antimatter offers advanced tools like market making, arbitrage and passive profit opportunities for users to grow their funds.
Like Jack Lu’s Bounce.finance, the Antimatter protocol is cross-chain compatible with blockchains like Polkadot, Binance Smart Chain, and Huobi Eco Chain. Antimatter also offers the following benefits, providing a “one-of-a-kind” option for DeFi users:
– Polarized Token Mechanism: On Antimatter, custodial tasks such as funding, fee distribution, and rebalancing are automated. This makes the network more efficient and introduces polarizing tokens that will cover two sides of an options product: a positive (buy) and a negative (sell). By trading these tokens, users gain exposure to the crypto options market.
Secondary Market Opportunities: As mentioned before, Antimatter introduces market making, arbitrage and passive profit opportunities. This secondary market is best for users who want to take long or short positions in Antimatter based options. According to the Antimatter whitepaper, the secondary market is linked to the Uniswap backend (servers, applications and databases) and options token sales are conducted through Uniswap.
– Self-sustaining and community-managed: Fees from the product and usage of the protocol are used to redeem MATTER tokens on the network. Community governance benefits the network and ensures the participation needed to make the best decisions.
What is the MATTER token?
MATTER is the utility token of the Antimatter ecosystem and can be earned by trading ETH or other ERC-20 tokens, staking, liquidity provision farming, governance voting rewards, options creation and provisioning Liquidity.
MATTER has a total supply of 100,000,000 with 50% of the supply allocated to the platform’s liquidity and incentives. Antimatter is also introducing the following DeFi mechanisms into their ecosystem:
1. Staking the MATTER token.
2. Liquidity mining by liquidity providers in MATTER token pairs.
3. Governance and Participation Rewards.
4. Exploit rewards for options trading, option creation and option redemption.
Antimatter could turn out to be one of the better solutions for trading crypto derivatives, but they will face competition from some of the biggest names in the industry. Binance, OKEx, Huobi Global and Bybit are all providing solutions for derivatives trading. Antimatter needs to quickly convey its uniqueness and grow its follower base in order to gain widespread adoption. While they are one of the newest players in the DeFi space, they are also rapidly growing with plans to expand into the NFT space.
Antimatter is also attacked like many other DeFi protocols, so they need to fix the problems. With the Chainswap hack, all MATTER token holders were refunded their holdings through an airdrop from the developer team.
The project offers a reasonable solution for DeFi users and it is likely that Antimatter will become the most suitable derivatives trading platform of all. However, only time will tell as the cryptocurrency market is known to be full of surprises.
According to Coinmarketcap
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