FinNexus - decentalized options with universal pooled liquidity

FinNexus is building a suite of open finance protocol clusters that will power hybrid marketplaces trading both decentralized and traditional financial products. The headline product to be released is a fully decentralized bitcoin (and other cryptocurrencies) options model that will live on Ethereum and other chains.

We call it a Multi-Asset Single-Pool (MASP) options model. It is a universal options protocol that enables the creation and trading of options from any type of underlying asset based on the collateral held in a single liquidity pool.


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How’s it different from Hegic? My immediate reaction is that it’s too much friction compared to products on Ethereum.

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Hey Nick, thanks for asking.
Previously, we wrote a post on the Comparison of Decentralized Options Platforms to analyze the differences among the decentralized options protocols. You may find the link here.

FinNexus is not Hegic at all, and here’s why.

The model will be online next month on Ethereum and Wanchain together.
Thanks for your time.

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The product will be on Ethereum. It’s not like Hegic. Hegic has a single pool for each position - ETH puts come from one pool of DAI; ETH calls come from one pool of ETH. That’s 2 pools. And just ETH.

FinNexus MASP will be one monolithic pool from which options exposure can be purchased - call or put, ETH or BTC - all from one single pool.

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Some upgrades are expected in the coming test of the #MASP model in FPO V1.0. Not only $FNX, but also $ETH and $USDC can be collateralized in the options liquidity pool, and used for $FNX mining.

The testnet is live both on Ethereum Rinkeby and Wanchain testnet, with a joint UI.
Welcome to give a test here.
Please find the bug bounty campaign and how to get test tokens here.