Filecoin Filecoin Launchpad Accelerator II, 29 Sep 2021

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From YouTube: Hedgey, A Filecoin Launchpad Accelerator II Team

Description

Hedgey is a protocol for adding options markets to any token.
https://hedgey.finance/
https://twitter.com/hedgeyfinance

About Filecoin Launchpad Accelerator
20 teams from 11 countries around the world are emerging from the immersive 12-week Filecoin Launchpad Accelerator program, powered by Tachyon. These companies will shape DeFi, NFTs, Gaming, Social, Metaverse, and key Infra tooling in web3 over the next 18 months.

This program bridges the IPFS, Filecoin and Ethereum communities, unlocking growth & user adoption across the world.

Filecoin Launchpad Accelerator: http://filecoinlaunchpad.co/
Filecoin: https://filecoin.io/
Protocol Labs: https://protocol.ai/
Tachyon:https://tachyon.xyz

A

Hi everyone lindsay here at hedgy and we are options markets. On any token today I wanted to show you a little bit about who we are and what we're doing in this space.

A

So first we have sean myself and alex we're the three co-founders alex on the right. He has six years senior treasury management experience at wework and together the three of us we've worked in d5 for four years building applications for around 40, 000 users and 2 million transactions.

A

So we understand defy, we understand fintech, we understand treasury management and that's why we're bringing options contracts to d5, unlike anyone else. So what are options?

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Real, quick they're, sellable agreements they give the buyer right to buy your tokens, that's a call or sell you tokens, that's a put at a specific price by a certain date.

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Now these are more complicated than say spot trading, but it also means you can do a lot more with options in this space and that's really important, because it's something we desperately need. Here's an example. In this case um someone will pay you 500 bucks to take all the profits on. In this case, 5000 surf above a certain price before a certain date. That's a call option.

A

Why would somebody bought this? Well, in this case it's leveraged without liquidation. It essentially lets you take a longer position if the price goes up and say buying the tokens outright. Now there are hundreds of ways you can apply options to d5. This is just one small example, but hopefully it gives you a frame to think about this, as we show you the product.

A

More importantly, though, why does d5 need options on the top left? I like sharing this screenshot. This is the gnosis fault out of 50 billion in the gnosis faults. 46 billion of that is native tokens sitting idle. That means our industry is essentially paper rich and cash. Poor. The research I share here shows that as well that we have a crisis in treasury management where we're basically not able to convert our native tokens to the currencies.

A

We need to say, pay our employees or run a company in the way we need- and that's specifically because we just don't have the tools right now that you need to do that on the bottom right. I also share this. This is uh just a dj and some group chat, I'm in uh he said I went in all all in on a 50x eve. Long wish me luck was not options.

A

I have no idea what he was using, but about two minutes later he got totally liquidated and I bring this up because we have degens in this space. People who are traders are wanting to get involved with like projects they like, but they just don't have those tools to do it in a responsible way either, and that's where we come in. We are that bridge between the sophisticated treasury management solutions, which are options and the djinns, the community members, the people who want to support these companies and projects.

A

So enough, talking about you know our platform. Let me actually show you what we do um in this case. This is a treasury management page. You might use this if you have a lot of native tokens and you want to start generating something from them. In this case, I want to generate runway capital with my native token, let's click that okay, so I'm right here, one network come on phantom.

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Let's say I'll, lock one boo until november 26 to generate about four bucks, because that's how I roll um now, let's say that if the price of my token increases in value substantially I'll also be willing to sell that token, let's click it and let's make it happen, okay, so right there, I just sold a call. Now: treasury management, people they're, not options traders, but they do want the job that options do and that's kind of the bridge, we're gapping right now so right here, I just sold an option: it's processing! Okay.

A

Now, who would see this option right here? This is the other side. This is for degens. This is the hedi. We internally call it the moon market. uh This is where you can see. All of the in this case call options on our protocol. Okay, in this case, I can see all the action on avalanche bsc, ethereum, phantom polygon and xdi.

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Let's say I want to connect to the x, I network, one two and I'm on x, die. Let's say I want to switch over to phantom one two um polygon, one, two okay.

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Now this is interesting because one of the problems with a lot of evms is aggregating that data and getting a good user experience, and I think that's something: we've uh we've really tackled here, where we can show six networks in one place and let people interact with it in a seamless way. So let's say I want to buy this one. This is dyno three dyno. If it increases in value, my 21 cents could go up to four bucks, ten bucks, a hundred bucks.

A

Let me click that one two three, I just bought a call and that's how easy we make it now, let's go back to our other page right here. This is where I create things. It's also where we have our sophisticated trader pages. If you're an options trader, you want to buy calls or puts or sell calls or puts.

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This is where you can manage your full portfolio.

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It's also where you can see the analytics here. You can see all the action on a protocol. It's almost like a um a live traction space for us on the left here. This is also bots. We integrate. These are like push notifications for all the activity you do on our protocol.

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Anything you do shows up here and you can track it in real time and that's a big value add for our users.

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So right now is a good time to jump back into the product and maybe show you a little bit about why this is built. The way it is.

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So what are we trying to do here with our products? Simply we're trying to build the rails for 9 000 tokens have access to options, markets? Okay, so you see our own ui today and those are solutions that can easily onboard teams and traders and create those early markets in a way. No one else is to do that. You have to be the most flexible, most composable, the most scalable product and that's exactly what we are we're doing that in a way that no one else is.

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But then our main goal here is to be the rails. That options are built on long term. That means you need to be permissionless, self-made markets, open source, front ends, protocol level integrations and that's the way, we're thinking not only to to build ecosystems within our own uis, but also to make hedgie a protocol that people can build on and build options markets on to capture 9000 tokens.

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That's what you have to do and we're doing that better than anyone else, but to go to market we're going to start very simple: that's what we're doing today, we're focused on the dows, the token teams, the the token funds they have about 85 billion native tokens that are just sitting idle because they don't have the tools to use them. We're going to unlock those through covered calls. Those are the products I showed you today on the other side, we're tapping into those communities, those traders, those contributors.

A

Those are the people who want access to these covered calls and by connecting those two, we really drive a useful regional market with a very specific product, and that's what's live today. So right now our volume is growing on the left. Here you can see about 20 tokens. These are self. Add tokens, you can just add them in a minute. um You may see 20 here, that's already more than any other platform, our volume is growing as well with people adding liquidity to the protocol daily in the middle here teams are using it.

A

We have daos passing proposals to use hedgie in their treasury management solutions on the right here. We have traders using it. These are people who are using hedgy to trade options on low liquidity assets. uh This is something that, before us, just wasn't a possibility, and today it is, but this is only the beginning.

A

Call options is our wedge, but there's so many things you can do with options to unlock value. Once we pull people into our ecosystem, get people building push people to build new solutions on a protocol. We can really tap into some interesting things like ensure token distribution, success contracts, claimable calls safe token alternatives, buybacks milestone-based bonuses, the things you can do with options are incredible, and it's something right now our space doesn't have.

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Our goal is to create value in bear and bull market. So we're going to do that by creating value to real products that token teams can use that traders can use and that every person the space finds value in and that's how we get to 15 million in revenue.

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If we can lock five billion cumulative locked value, we can get to 45 billion in notional traded value and that will get us to 50 million in fees collected by hedgie at the protocol level. Thank you for the time reach out to us. If you'd like to join us, cheers.