ClearDAO deploys a barrier option model on Solana Devnet


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ClearDAO today announced the deployment of the barrier option model on Solana devnet.

The Solana ecosystem is the latest smart contract platform for which ClearDAO is adding support.

The list of supported L1 and L2 blockchains includes Ethereum, Binance Smart Chain, and Arbitrum, as ClearDAO aims to provide universal derivative infrastructure in the DeFi space.

The barrier option model deployed on Solana allows anyone to customize barrier option contracts. ClearDAO has previously announced the intention to integrate Chainlink oracle on the Solana blockchain to provide users with the best-in-class price feeds. In 2022, ClearDAO will offer more derivative models for anyone who wants to create and trade DeFi derivative contracts.

ClearDAO is a decentralized derivatives factory where DeFi developers can use the Clear SDK to create bespoke derivatives and initiate derivatives exchanges. The first Proof of Concept product – The Barrier Options Marketplace is currently in public alpha on the BSC and Arbitrum test networks for anyone to interact with.

The BSC and Arbitrum testnet markets offer options on BTC, ETH, and cryptocurrency baskets. The optional products available on ClearDAO are knockout options, not the standard vanilla options available elsewhere. The marketplace has an easy-to-navigate user interface where a 4 x 4 matrix displays options for different timelines (1 day, 3 days, 7 days, 14 days) and barrier levels (5%, 7.5 %, 10% 15%). They offer different risk profiles and expected returns to traders. Traders can trade call and put options to improve returns and manage the risks of their existing portfolios.

According to the project roadmap, ClearDAO will complete the initial development of options, notes, futures and swaps models by the end of 2021. Currently, options and notes models are already in place. deployed on several blockchains. The prototypes of perpetual futures, CDS (coin default swaps) and TRS (token return swaps) models are expected to be completed in the coming weeks.

The list of ClearDAO tokens is expected in the first quarter of 2022 once the audit of the project’s smart contract is completed. In the same period, the repository of the GitHub project will be made available to the public. The Clear SDK v1.0 will go live shortly thereafter and the details of the development program will be announced. The governance component of the ClearDAO ecosystem is expected in 2022. Community members will be able to collectively decide on the development trajectory of the project.

ClearDAO builds next-generation infrastructure for bespoke derivatives. The Clear SDK enables developers to quickly create customizable derivatives and markets. We are building a future where all derivatives are created, traded, registered, cleared and settled on a network of blockchain ecosystems powered by ClearDAO.

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