{"id":172935,"date":"2021-02-07T22:17:37","date_gmt":"2021-02-07T19:17:37","guid":{"rendered":"https:\/\/en.buradabiliyorum.com\/anon-powered-options-defi-platform-premia-goes-live\/"},"modified":"2021-02-07T22:17:37","modified_gmt":"2021-02-07T19:17:37","slug":"anon-powered-options-defi-platform-premia-goes-live","status":"publish","type":"post","link":"https:\/\/buradabiliyorum.com\/en\/anon-powered-options-defi-platform-premia-goes-live\/","title":{"rendered":"# Anon-powered options: DeFi platform Premia goes live"},"content":{"rendered":"<div id=\"ez-toc-container\" class=\"ez-toc-v2_0_84 counter-hierarchy ez-toc-counter ez-toc-custom ez-toc-container-direction\">\n<p class=\"ez-toc-title\" style=\"cursor:inherit\">Table of Contents<\/p>\n<label for=\"ez-toc-cssicon-toggle-item-6a2554e293ad8\" class=\"ez-toc-cssicon-toggle-label\"><span class=\"\"><span class=\"eztoc-hide\" style=\"display:none;\">Toggle<\/span><span class=\"ez-toc-icon-toggle-span\"><svg style=\"fill: #dd3333;color:#dd3333\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" class=\"list-377408\" width=\"20px\" height=\"20px\" viewBox=\"0 0 24 24\" fill=\"none\"><path d=\"M6 6H4v2h2V6zm14 0H8v2h12V6zM4 11h2v2H4v-2zm16 0H8v2h12v-2zM4 16h2v2H4v-2zm16 0H8v2h12v-2z\" fill=\"currentColor\"><\/path><\/svg><svg style=\"fill: #dd3333;color:#dd3333\" class=\"arrow-unsorted-368013\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" width=\"10px\" height=\"10px\" viewBox=\"0 0 24 24\" version=\"1.2\" baseProfile=\"tiny\"><path d=\"M18.2 9.3l-6.2-6.3-6.2 6.3c-.2.2-.3.4-.3.7s.1.5.3.7c.2.2.4.3.7.3h11c.3 0 .5-.1.7-.3.2-.2.3-.5.3-.7s-.1-.5-.3-.7zM5.8 14.7l6.2 6.3 6.2-6.3c.2-.2.3-.5.3-.7s-.1-.5-.3-.7c-.2-.2-.4-.3-.7-.3h-11c-.3 0-.5.1-.7.3-.2.2-.3.5-.3.7s.1.5.3.7z\"\/><\/svg><\/span><\/span><\/label><input type=\"checkbox\"  id=\"ez-toc-cssicon-toggle-item-6a2554e293ad8\" checked aria-label=\"Toggle\" \/><nav><ul class='ez-toc-list ez-toc-list-level-1 ' ><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-1\" href=\"https:\/\/buradabiliyorum.com\/en\/anon-powered-options-defi-platform-premia-goes-live\/#Flexible_standards\" >Flexible standards<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-2\" href=\"https:\/\/buradabiliyorum.com\/en\/anon-powered-options-defi-platform-premia-goes-live\/#Anon_Powered\" >Anon Powered<\/a><\/li><\/ul><\/nav><\/div>\n<p>&#8220;<strong># Anon-powered options: DeFi platform Premia goes live <\/strong>&#8221;<br \/>\n<img decoding=\"async\" src=\"https:\/\/images.cointelegraph.com\/images\/840_aHR0cHM6Ly9zMy5jb2ludGVsZWdyYXBoLmNvbS91cGxvYWRzLzIwMjEtMDIvNWViODJiMWYtYzE4ZC00ODU0LTg4MjktZWMyYWYxZjYzYjI5LmpwZw==.jpg\" \/><\/p>\n<div class=\"post-content\" data-v-5a136f3a>The Anon Powered development team has announced today the launch of Premia, the latest decentralized finance (DeFi) options platform live on Ethereum.\u00a0<\/p>\n<p>In an interview with Cointelegraph, the group of semi-anonymous developers behind Anon Powered \u2014 who collectively requested that they be referred to as \u201cmembers of the Premia Republic,\u201d the name for Premia\u2019s forthcoming DAO \u2014 said that out of the gate users will be able to write, sell and exercise \u201cAmerican-style covered calls and puts,\u201d which can be exercised prior to the option expiration date.<\/p>\n<p>Premia\u2019s launch adds to an increasingly crowded DeFi options marketplace, joining projects such as Auctus, Hegic, and Opyn. However, members of the Premia Republic believe that their project will be able to stand out due to blend of features, including an architecture which leverages ERC-1155s, a Primary Bootstrap Contribution phase in lieu of a VC raise, and a developmental philosophy they believe reflects the wider DeFi ecosystem \u2014 one that is open to all, regardless of credentials (or even a verifiable public face). <\/p>\n<blockquote><p>\u201cI think something\u2019s that\u2019s been core to our ethos while doing all this is trying to have a group that is a bunch of honest, anonymous people who want to change the view of anonymity in the landscape and let the code speak for itself,\u201d the members said.<\/p><\/blockquote>\n<h3><span class=\"ez-toc-section\" id=\"Flexible_standards\"><\/span>Flexible standards<span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p>The members of the Premia Republic \u2014 one of whom claims to currently work at a tradfi broker-dealer, which Cointelegraph could not confirm \u2014 said that they largely met through crypto-focused chat rooms on Discord and Telegram. The first project they produced under the Anon Powered umbrella, Don\u2019t Buy Rope, was one of the earliest NFT yield farming experiments.\u00a0<\/p>\n<p>As a result of their work on Don\u2019t Buy Rope, the team is proficient in working with ERC-1155s. Often used for minting NFTs, the ERC-1155 standard allows for a single contract to mint multiple fungible or non-fungible tokens. This standard is what enables Premia\u2019s more flexible strike times, a feature that many of Premia\u2019s competitors don\u2019t currently offer. <\/p>\n<p>\u201cSome of the solutions that you\u2019re seeing are done in a ERC-721 way,\u201d said one Republic member. \u201cAnd that is, in a traditional finance sense, is considered an OTC \u2014 over-the-counter trade. Each ERC-721 is going to be specific to the strike price. [&#8230;] By using an ERC-1155 we can keep this listed derivative mentality, which is fungible, and create this secondary market where you can buy and sell them after the fact.\u201d <\/p>\n<p>Likewise, their native token also comes with some unique twists. At launch, there will be an \u201cinteraction mining\u201d program similar to liquidity mining, where users who write, buy, and sell options will receive uPremia (\u201cuncut Premia&#8221;) tokens \u201cproportionally to the fees that are paid\u201d to the protocol. uPremia is nontransferrable, but can be staked to earn protocol fees, which will be distributed to stakers as a transferable, tradable PREM token. <\/p>\n<p>This architecture won the team a glowing review from Solidity Finance, the auditing firm that reviewed the Premia contracts. <\/p>\n<p>\u201cPremia was one of the best projects we\u2019ve reviewed in the sense of security and logical construction of code &#8211; the development team on the project is extremely impressive,\u201d said a Solidity Finance rep. <\/p>\n<h3><span class=\"ez-toc-section\" id=\"Anon_Powered\"><\/span>Anon Powered<span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p>Perhaps more interesting than the technical details of the platform is the vision behind it. Members of the Premia Republic said that there was internal debate about whether or not to bootstrap the launch of the protocol with a venture capital raise, especially given the perhaps profligate sums some projects have been fetching as of late.\u00a0<\/p>\n<p>Ultimately, they decided to go a different route.<\/p>\n<p>\u201cThe ethos behind Defi in our eyes is, \u2018open to the people,\u2019\u201d said one member \u2014 and giving favorable terms to deep-pocketed investors doesn\u2019t fit that vision.<\/p>\n<p>But for all the idealism, there\u2019s still practicalities: after the launch of their initial product, the team has capital needs for developer hiring. As a result there will be a \u201cprimary bootstrap contribution\u201d that will be open to all. <\/p>\n<blockquote class=\"twitter-tweet\">\n<p lang=\"en\" dir=\"ltr\">\u2705Contracts Deployed<br \/>\u2705Premia Tokens Allocated<br \/>\u2705Website Published<br \/>Houston, We are GO for Launch!<br \/>Site is Live Here -&gt; <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/t.co\/ZNHvUsW8Cx\">https:\/\/t.co\/ZNHvUsW8Cx<\/a><\/p>\n<p>\u2014 Premia &#8211; Options Platform (@PremiaFinance) <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/twitter.com\/PremiaFinance\/status\/1358495536949514241?ref_src=twsrc%5Etfw\">February 7, 2021<\/a><\/p><\/blockquote>\n<p><script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><\/p>\n<p>During the one-week PBC, users will be able to send ETH to a contract and receive Premia tokens on a bonding curve. Because of DeFi\u2019s open and permissionless nature, both VC whales and individual investors will be able to participate.<\/p>\n<p>The team in some ways faces a steeper adoption curve because of these positions. After a DeFi summer in 2020 rife with hacks, rugpulls, and scams, the community is \u2014 perhaps rightfully \u2014 suspicious of projects that don\u2019t have real-world reputations behind them. <\/p>\n<p>It\u2019s a notion the Premia team rejects.<\/p>\n<p>\u201cThere\u2019s been this stain that\u2019s been put on anonymous teams by competing teams that have faces\u2026 but plenty of the ones that have been run by people with faces, like FEW, MANY, things like that, have been pretty blatant scams, and the community still accepts all of the people that have faces.\u201d<\/p>\n<p>Ultimately, Anon Powered hopes to enable anonymous developers to have a positive impact in the space. <\/p>\n<blockquote><p>\u201cPeople are starting to see that having anonymity or pseudo-anonymity is a benefit [&#8230;] We want to take this organization to the next level, and continue to build out and provided services and an opportunity to people who want to protect their privacy but still want to contribute to the Ethereum ecosystem and the Ethereum community.\u201d<\/p><\/blockquote>\n<p><template data-name=\"subscription_form\" data-type=\"defi_newsletter\"><\/template><\/div>\n<blockquote><p><strong><span style=\"color: #ff6600;\">If you liked the article, do not forget to share it with your friends. Follow us on\u00a0<span style=\"color: #ff0000;\"><a style=\"color: #ff0000;\" href=\"https:\/\/news.google.com\/publications\/CAAqBwgKMLG0nwswvr63Aw\" target=\"_blank\" rel=\"nofollow noopener noreferrer\">Google News<\/a><\/span>\u00a0too, click on the star and choose us from your favorites.<\/span><\/strong><\/p><\/blockquote>\n<blockquote>\n<p style=\"text-align: center;\">For forums sites go to <span style=\"color: #ff9900;\"><a style=\"color: #ff9900;\" href=\"https:\/\/forum.buradabiliyorum.com\/\" target=\"_blank\" rel=\"noopener\">Forum.BuradaBiliyorum.Com<\/a><\/span><\/strong>\n<\/p><\/blockquote>\n<blockquote>\n<p style=\"text-align: center;\"><strong>If you want to read more <a href=\"https:\/\/buradabiliyorum.com\/en\/category\/news\/\" data-internallinksmanager029f6b8e52c=\"2\" title=\"News\" target=\"_blank\" rel=\"noopener\">News<\/a> articles, you can visit our <span style=\"color: #ff9900;\"><a style=\"color: #ff9900;\" href=\"https:\/\/en.buradabiliyorum.com\/general\/\" target=\"_blank\" rel=\"noopener\">General category.<\/a><\/span><\/strong><\/p>\n<\/blockquote>\n<p><span style=\"color: black;\"><a style=\"color: #ff9900;\" href=\"https:\/\/cointelegraph.com\/news\/anon-powered-options-defi-platform-premia-goes-live\" target=\"_blank\" rel=\"noopener\">Source<\/a><\/span><\/p>\n","protected":false},"excerpt":{"rendered":"<p>&#8220;# Anon-powered options: DeFi platform Premia goes live &#8221; The Anon Powered development team has announced today the launch of Premia, the latest decentralized finance (DeFi) options platform live on Ethereum.\u00a0 In an interview with Cointelegraph, the group of semi-anonymous developers behind Anon Powered \u2014 who collectively requested that they be referred to as \u201cmembers&#8230;<\/p>\n","protected":false},"author":1,"featured_media":172936,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"fifu_image_url":"https:\/\/images.cointelegraph.com\/images\/1200_aHR0cHM6Ly9zMy5jb2ludGVsZWdyYXBoLmNvbS91cGxvYWRzLzIwMjEtMDIvNWViODJiMWYtYzE4ZC00ODU0LTg4MjktZWMyYWYxZjYzYjI5LmpwZw==.jpg","fifu_image_alt":"","footnotes":""},"categories":[1],"tags":[76943,75012,74891,75434],"class_list":["post-172935","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-general","tag-anonymity","tag-derivatives","tag-ethereum","tag-smart-contracts"],"_links":{"self":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/posts\/172935","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/comments?post=172935"}],"version-history":[{"count":0,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/posts\/172935\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/media\/172936"}],"wp:attachment":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/media?parent=172935"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/categories?post=172935"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/tags?post=172935"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}