KPI options are synthetic tokens that will pay out more rewards if the KPI grows to predetermined targets before a given expiry date. Every KPI option holder has an incentive to grow the KPI because their KPI option will be worth more. This aligns individual token holder interests with the collective interests of the protocol.

PoolTogether is a protocol for no-loss prize games. The protocol enables developers to build their own no-loss prize games and offers governance-managed no-loss prize games. The goal of the KPI options program is to motivate TVL growth of PoolTogether and it will track TVL of PoolTogether user deposits in various pools. After expiration, each KPI option will settle to be worth between 0.9 and 1.4 POOL tokens.

PoolTogether Logo

PoolTogether KPI Option

PoolTogether KPI Option expiring 05/31/22

PoolTogether TVL KPI Option Pair [30 Aug 2023]

PoolTogether KPI Option expiring 08/31/23

A Success Token is a project token with an embedded call option on that token.

This means that instead of selling project tokens at a discount to investors, projects can sell Success Tokens which provides the investor a call option alongside their token purchase. They pay the full price of the token for this package. The option portion is only valuable if the project rallies, which better aligns incentives: the investor only gets their “bonus” if the project performs well, which of course benefits the whole community. View [here](https://medium.com/uma-project/success-tokens-an-incentive-aligned-way-for-vc-funds-to-invest-in-daos-1e8b8244f2f4) to learn more about success tokens.

At expiry (6/30/25) each ACX Success Token is redeemable for 1 ACX (Across Protocol’s native token) along with the value of 1 call option on ACX struck at $0.50. The formula for this payout is as follows: each Success Token is redeemable for 1 ACX + MAX((ACX price - $0.50) / ACX price, 0) ACX. For example, if at expiry 1 ACX is worth $0.50 USD or less, each Success Token will be redeemable for exactly 1 ACX Token. As another example, if at expiry 1 ACX is worth $0.80 USD, each Success Token will be redeemable for 1.375 ACX Tokens.

This contract has customAncillaryData set to "What is the average TWAP of 1 Across Protocol (ACX) token expressed in USD on the three most liquid exchanges over the 90 days before, but not including, June 30th, 2025? Each exchange's TWAP should use the highest granularity available for that exchange over the entire 90 day period at the time of expiration. The price should be rounded to 4 decimal places at the end of the computation.", unresolvable:0

View the ACX announcement [here](https://medium.com/across-protocol/strategic-partnership-established-with-across-10mm-success-token-sale-e220a9645ede).

icon-External-Project

PoolTogether TVL KPI Option Pair [30 Apr 2023]

PoolTogether KPI Option expiring 04/30/2023

KPI options are synthetic tokens that will pay out more rewards if the KPI grows to predetermined targets before a given expiry date. Every KPI option holder has an incentive to grow the KPI because their KPI option will be worth more. This aligns individual token holder interests with the collective interests of the protocol.

QiDao KPI options allow users to borrow MAI stablecoin (pegged to $1) at 0% interest by locking collateral in vault contracts. The payout from these KPI options depends on the total amount of MAI stablecoin borrowed from vaults, thereby giving every recipient an incentive to grow the protocol.

qidao

QiDao MAI debt KPI Options

PoolTogether TVL KPI Option Pair [31 Jan 2023]

PoolTogether KPI Option expiring 01/31/2023

KPI options are synthetic tokens that will pay out more rewards if the KPI grows to predetermined targets before a given expiry date. Every KPI option holder has an incentive to grow the KPI because their KPI option will be worth more. This aligns individual token holder interests with the collective interests of the protocol.

The $IDLE tokens will be locked till 10/17/2022 as part of Clearpool PYTs LPs Contest and will be redeemable at the expiry of the option. The number of unlocked tokens will correspond to the threshold reached before the KPI option expiry, calculated as the average TVL on Clearpool win-USDC PYTs over the last 1 month of the option duration.

IDLE logo

$IDLE KPI Option (Clearpool LPs Contest) [17 Oct 2022]

$IDLE KPI Option (Clearpool LPs Contest) expiring 10/17/2022

KPI options are synthetic tokens that will pay out more rewards if the KPI grows to predetermined targets before a given expiry date. Every KPI option holder has an incentive to grow the KPI because their KPI option will be worth more. This aligns individual token holder interests with the collective interests of the protocol.

The $IDLE tokens will be locked till 01/01/2023 as part of Lido D2D collab and will be redeemable at the expiry of the option. The number of unlocked tokens will correspond to the threshold reached before the KPI option expiry, calculated as the average TVL on stETH-based PYTs over the last 3 months of the option duration.

$IDLE KPI Option (Lido D2D collab) [01 Jan 2023]

$IDLE KPI Option (Lido D2D collab) expiring 01/01/2023

KPI options are synthetic tokens that will pay out more rewards if the KPI grows to predetermined targets before a given expiry date. Every KPI option holder has an incentive to grow the KPI because their KPI option will be worth more. This aligns individual token holder interests with the collective interests of the protocol.

The Humble Tractor KPI options will be used to promote sales of the [NFT collection](https://opensea.io/collection/humble-tractors) on the OpenSea marketplace. The Humble Tractors collection is made up of 60 unique photography NFTs in honor of DeFi, harvest and yield rewards. The collection demonstrates the flexibility of Outcome’s tools and is the first KPI created for an NFT collection.

Humble Tractors

Humble Tractors KPI Option [31 Oct 2022]

Humble Tractors KPI Option expiring 10/31/2022

PoolTogether TVL KPI Option Pair [31 Oct 2022]

PoolTogether KPI Option expiring 10/31/22

KPI options are synthetic tokens that will pay out more rewards if the KPI grows to predetermined targets before a given expiry date. Every KPI option holder has an incentive to grow the KPI because their KPI option will be worth more. This aligns individual token holder interests with the collective interests of the protocol.

The goal of the KPI options program is to motivate TVL growth of TetuSwap LP tokens. The KPI option will track TVL in the [UMA-USDC TetuSwap pool](https://polygonscan.com/address/0xAbcA7538233cbE69709C004c52DC37e61c03796B) on Polygon. After expiration, each KPI option will settle to be worth between 0 and 1 TETU tokens.

Tetu-icon

Tetu KPI Option [30 Sep 2022]

KPI options are synthetic tokens that will pay out more rewards if the KPI grows to predetermined targets before a given expiry date. Every KPI option holder has an incentive to grow the KPI because their KPI option will be worth more. This aligns individual token holder interests with the collective interests of the protocol.

The suTVL KPI option is based upon the total amount of TVL in Outcome financial contracts denominated in the price of 10k ETH. After expiration, each KPI option will settle to be worth between 0 and 1 UMA token.

This KPI option was provided to SuperUMAns. There has been no airdrop or other wide distribution. However, there are ways to start to participate for anyone who is interested. Join discord.umaproject.org and ask how you can join.

suTVL KPI Option [30 Sep 2022]

KPI options are synthetic tokens that will pay out more rewards if the KPI grows to predetermined targets before a given expiry date. Every KPI option holder has an incentive to grow the KPI because their KPI option will be worth more. This aligns individual token holder interests with the collective interests of the protocol.

Synthereum is the first protocol of the Jarvis Network. Synthereum pioneers a capital-efficient manner to issue and exchange synthetic fiat currencies called jFIATs, on Ethereum and Polygon. The goal of the KPI options program is to motivate TVL growth of Jarvis Network and it will track TVL in the WETH-JRT Sushiswap pool on Polygon. After expiration, each KPI option will settle to be worth between 0 and 3 JRT tokens.

Jarvis Network

JRT-ETH TVL KPI Option [12 July 2022]

Jarvis Network TVL KPI Option expiring 07/12/2022

PoolTogether KPI Option [31 Aug 2022]

PoolTogether KPI Option expiring 08/31/22

KPI options are synthetic tokens that will pay out more rewards if the KPI grows to predetermined targets before a given expiry date. Every KPI option holder has an incentive to grow the KPI because their KPI option will be worth more. This aligns individual token holder interests with the collective interests of the protocol.

OneTree is a KPI Option that will pay out based on the number of retweets that the original OneTree tweet achieves until expiry on March 31, 2022. This is intended to be used as a way to incentivize RTs and is for a charitable benefit. 

Each OneTree KPI option is collateralized with 1 USDC. After expiration, each KPI option will settle to be worth between 0 and 1 USDC. If 10,000 retweets are made, the contract will settle for 1 USDC. If less than 10,000 retweets are made, the collateral will settle based on the number of retweets between 0 and 10,000.

OneTree KPI Option

suINT is a KPI Option that will pay out based on the number of integrations that UMA achieves until expiry on March 31, 2022.

An integration will have been achieved when a DAO funds with tokens one of the following five product categories:

- KPI options
- Call/Put options
- Range Bonds
- Success Tokens
- Protected Tokens

These products were selected as they are the team’s strategic focus for this quarter, and we want to ensure alignment between the UMA core team and the SuperUMAns.

These tokens will pay out 50 $UMA per integration, per 1,000 suINT. Should the ceiling goal of ten integrations be met, the tokens will pay out a bonus of 100 $UMA per 1,000 suINT.

This KPI option was provided to SuperUMAns. There has been no airdrop or other wide distribution. However, there are ways to start to participate for anyone who is interested. Join discord.umaproject.org and ask how you can join.

UMA Integrations Option [31 March 2022]

A KPI Option with a variable payout based on the number of integrations UMA protocol achieves before expiry on 3/31/22

KPI options are synthetic tokens that will pay out more rewards if the KPI grows to predetermined targets before a given expiry date. Every KPI option holder has an incentive to grow the KPI because their KPI option will be worth more. This aligns individual token holder interests with the collective interests of the protocol.

DFX is a decentralized exchange protocol with a dynamically tuned bonding curve optimized for fiat-backed stablecoins (like USDC, CADC, EURS, XSGD, etc.) using real-world FX price feeds. The goal of the KPI options program is to motivate TVL growth of DFX protocol and it will track TVL in DFX pools. After expiration each KPI option will settle to be worth between 0 and 1 DFX token.

KPI options are synthetic tokens that will pay out more rewards if the KPI grows to predetermined targets before a given expiry date. Every KPI option holder has an incentive to grow the KPI because their KPI option will be worth more. This aligns individual token holder interests with the collective interests of the protocol.

Synthereum is the first protocol of the Jarvis Network. Synthereum pioneers a capital-efficient manner to issue and exchange synthetic fiat currencies called jFIATs, on Ethereum and Polygon. The goal of the KPI options program is to motivate TVL growth of Jarvis Network and it will track TVL in the WETH-JRT Sushiswap pool on Polygon. After expiration, each KPI option will settle to be worth between 0 and 4 JRT tokens.

Jarvis Network TVL KPI Option

Jarvis Network TVL KPI Option expiring 05/02/2022

ETHDOM is a synthetic asset that allows users to trade Ethereum's dominance index.

Users can go long on short on Ethereum's dominance index with ETHDOM.

domfin

A Success Token is a project token with an embedded call option on that token.

This means that instead of selling project tokens at a discount to investors, projects can sell Success Tokens which provides the investor a call option alongside their token purchase. They pay the full price of the token for this package. The option portion is only valuable if the project rallies, which better aligns incentives: the investor only gets their “bonus” if the project performs well, which of course benefits the whole community. View [here](https://medium.com/uma-project/success-tokens-an-incentive-aligned-way-for-vc-funds-to-invest-in-daos-1e8b8244f2f4) to learn more about success tokens.

At expiry (03/01/24) each FOX Success Token is redeemable for 1 FOX token plus the value of a $0.8 USD strike call option on FOX, paid in FOX tokens. The formula for this payout is as follows: each Success Token is redeemable for 1 FOX + MAX((FOX price - $0.80) / FOX price, 0) FOX. For example, if at expiry 1 FOX is worth $0.80 USD or less, each Success Token will be redeemable for exactly 1 FOX Token. As another example, if at expiry 1 FOX is worth $1.60 USD, each Success Token will be redeemable for 1.5 FOX Tokens, worth $2.40 USD.

This contract has customAncillaryData set to twapLength:2592000,ohlcPeriod:86400 which means FOXUSD price at expiration would be calculated using last 30 day TWAP over 24 hour price intervals.

icon-KPI-Options2

Ethereum's Dominance Index  (ETHDOM) - test

# About SUSHIsBOND July 2024

SUSHIsBOND July 2024 is a [range token](https://medium.com/uma-project/treasury-diversification-with-range-tokens-145d4b12614e) without an upper range. That means this token will pay out a fixed dollar amount ($1,000) of SUSHI at expiry provided the contract the price of SUSHI is greater than or equal to $5.

Each SUSHIsBOND is set to hold 200 SUSHI. If the price of SUSHI is $5 or greater it will payout a fixed dollar amount of $1,000. If the price of SUSHI is below $5, the tokenholder receives 200 SUSHI (at the price SUSHI is trading at worth). This looks like a Range token where the bottom of the Range is $5, but unlike the Range token design, SUSHIsBOND has no upper Range (or “call option”) that pays out additional upside if Sushi rallies.

Notes:

- Expiry is set to July 31, 2024 (about 3 years)
- Each SBond token is backed by 200 $SUSHI
- At expiry, each SBond will expire to be worth $1000 of $SUSHI if $SUSHI is above $5
- If $SUSHI is below $5 at expiry, each SBond will be worth exactly 200 $SUSHI

View [here](https://forum.sushi.com/t/smaug-debt-based-treasury-management/4824/8) to learn more about SUSHIsBOND.

View [here](https://umaproject.org/range-tokens.html) to learn more about Range Tokens.

Sushi

A Sushi range token without an upper range expiring 7/31/24

# About SUSHI Success Token expiring 7/31/23

A Success Token is a project token with an embedded call option on that token.

This means that instead of selling project tokens at a discount to investors, projects can sell Success Tokens which provides the investor a call option alongside their token purchase. They pay the full price of the token for this package. The option portion is only valuable if the project rallies, which better aligns incentives: the VC investor only gets their “bonus” if the project performs well, which of course benefits the whole community. View [here](https://medium.com/uma-project/success-tokens-an-incentive-aligned-way-for-vc-funds-to-invest-in-daos-1e8b8244f2f4) to learn more about success tokens. 

__SUSHI Success Token expiring on 7/31/23__ is a success token with a $15 strike price on the embedded call option. 


# About rtSUSHI-0122

The range token is a new treasury primitive that enables DAOs to access funds and diversify their treasury without directly selling their native tokens. Range tokens function as a loan a DAO can take against its own treasury. This is similar in traditional finance to convertible debt.

rtSUSHI-0122 token has a $4-$16 SUSHI price range and expires on January 31, 2022. 

The following payouts happen at expiry:

- If $SUSHI is within the $4–16 range, the investor earned 25% APY paid in $SUSHI
- If $SUSHI is > $16, the investor earns an effective APY higher than 25% (the investor has long exposure to a $12 call option)
- If $SUSHI is < $4, the investor earns an effective APY lower than 25% (the investor has short exposure to a $4 put option).

View [here](https://medium.com/uma-project/treasury-diversification-with-range-tokens-145d4b12614e) to learn more about range tokens. 

A $4-$16 SUSHI Range Token expiring on 1/31/22

# About rtUMA-0821

The range token is a new treasury primitive that enables DAOs to access funds and diversify their treasury without directly selling their native tokens. Range tokens function as a loan a DAO can take against its own treasury. This is similar in traditional finance to convertible debt.

rtUMA-0821 token has a $4-$12 UMA price range and expires on August 31, 2021. The token was priced to have a 25% APY, at 0.963 USDC. This discount reflects the 25% annualized yield over the 2 months until expiry.

The following payouts happen at expiry:

- If $UMA is within the $4–12 range, the investor earned 25% APY paid in $UMA
- If $UMA is > $12, the investor earns an effective APY higher than 25% (the investor has long exposure to a $12 call option)
- If $UMA is < $4, the investor earns an effective APY lower than 25% (the investor has short exposure to a $4 put option).

View [here](https://medium.com/uma-project/uma-raises-2-6mm-in-the-pilot-of-the-range-token-de5be578fa5e) to learn more about rtUMA-0821.

View [here](https://umaproject.org/range-tokens.html) to learn more about Range Tokens.

A $4-$12 UMA Range Token expiring on 8/31/21

"The Bootstrap Across Community KPI Option" is used to incentivize the new Across community to bootstrap itself by attracting new discord members. 

The KPI Option will be valued at between 0 and 1 UMA depending on the number of the Across Discord members at expiry. A membership total at or above 1000 members will result in the KPI option being valued at 1 UMA. 

Across protocol is a novel bridging method that combines an optimistic oracle, bonded relayers and single-sided liquidity pools to provide decentralized instant transactions from rollup chains to Ethereum mainnet. 

Bootstrap Across Community KPI Option expiring January 3rd, 2022

uINT is a KPI Option that will pay out based on the number of integrations that UMA achieves until expiry on December 30, 2021.

An integration will have been achieved when a DAO funds with tokens one of the following four product categories:
- KPI options
- Call/Put options
- Range Bonds
- Success Tokens

These products were selected as they are the team’s strategic focus for this quarter, and we want to ensure alignment between the UMA core team and the Super Umans.

These tokens will pay out 100 $UMA tokens per integration, per 1,000 uINT. For any integration that is funded with more than $5M USD worth of tokens, uINT will pay out an additional 200 $UMA tokens.

This KPI option was provided to Super Uman's. There has been no airdrop or other wide distribution. However, there are ways to start to participate for anyone who is interested. Join [discord.umaproject.org](discord.umaproject.org) and ask how you can join.

A KPI Option with a variable payout based on the number of integrations UMA protocol achieves before expiry on 12/30/21

# About UMAc35-0521

UMAc35-0521 is a call option on UMA token with a strike price of $35 which expires on May 31, 2021.  

A call option gives the buyer the right, but not the obligation to buy an asset at a specified price (strike) and a specific time period (expiry). View [here](https://medium.com/uma-project/uma-call-options-now-live-da8dcf080319) to learn more about UMA call options. 

### Why buy UMAc35-0521?

__Leveraged Speculation__

The simplest use for a long call position is for speculating on the appreciation of an asset with leverage and also limited downside. __Anybody bullish UMA can obtain the right to be long 1 UMA at a price of 35 USD by paying only 5.5% of an UMA token__. However, the flip side to that is the value of the option will depreciate or decay very quickly to zero if it does not trade above the strike price.

__Income or Yield Enhancement__

Existing UMA token holders can mint these call option tokens using their UMA token as collateral and then sell them to earn income or provide liquidity in them to farm more UMA. Especially for token holders who are willing to sell some of their UMA at 35 USD it would be a reasonable strategy. Assuming the call option trades at 0.055, if UMA rallies over 35 USD they would have sold their UMA at 36.925 USD (35 + 0.055*35). If UMA stays below 35 USD, the strategy would have earned the 5.5% premium in 1.5 months (~43.6% APY).


A Call Option on UMA token with a strike price of $35 expiring on 5/31/21

# About UMAc25-0621

UMAc25-0621 is a call option on UMA token with a strike price of $25 which expires on June 30th, 2021.  

A call option gives the buyer the right, but not the obligation to buy an asset at a specified price (strike) and a specific time period (expiry). View [here](https://medium.com/uma-project/uma-call-options-now-live-da8dcf080319) to learn more about UMA call options. 

## Why buy UMAc25-0621?

__Leveraged Speculation__
__
The simplest use for a long call position is for speculating on the appreciation of an asset with leverage and also limited downside. __Anybody bullish UMA can obtain the right to be long 1 UMA at a price of 25 USD by paying only 5.5% of an UMA token__. However, the flip side to that is the value of the option will depreciate or decay very quickly to zero if it does not trade above the strike price.

__Income or Yield Enhancement__

Existing UMA token holders can mint these call option tokens using their UMA token as collateral and then sell them to earn income or provide liquidity in them to farm more UMA. Especially for token holders who are willing to sell some of their UMA at 25 USD it would be a reasonable strategy. Assuming the call option trades at 0.055, if UMA rallies over 25 USD they would have sold their UMA at 26.375 USD (25 + 0.055*25). If UMA stays below 25 USD, the strategy would have earned the 5.5% premium. 


A Call Option on UMA token with a strike price of $25  expiring 6/30/21

# About UMAc35-0421

UMAc35-0421 is a call option on UMA token with a strike price of $35 which expires on April 30th, 2021.  

A call option gives the buyer the right, but not the obligation to buy an asset at a specified price (strike) and a specific time period (expiry). View [here](https://medium.com/uma-project/uma-call-options-now-live-da8dcf080319) to learn more about UMA call options. 

### Why buy UMAc35-0421?

__Leveraged Speculation__
__
The simplest use for a long call position is for speculating on the appreciation of an asset with leverage and also limited downside. __Anybody bullish UMA can obtain the right to be long 1 UMA at a price of 35 USD by paying only 5.5% of an UMA token (assuming the call option trades at 0.055)__. However, the flip side to that is the value of the option will depreciate or decay very quickly to zero if it does not trade above the strike price.

__Income or Yield Enhancement__

Existing UMA token holders can mint these call option tokens using their UMA token as collateral and then sell them to earn income or provide liquidity in them to farm more UMA. Especially for token holders who are willing to sell some of their UMA at 35 USD it would be a reasonable strategy. Assuming the call option trades at 0.055, if UMA rallies over 35 USD they would have sold their UMA at 36.925 USD (35 + 0.055*35). If UMA stays below 35 USD, the strategy would have earned the 5.5% premium. 


A Call Option on UMA token with a strike price of $35 expiring 4/30/21

KPI options are synthetic tokens that will pay out more rewards if the KPI grows to predetermined targets before a given expiry date. Every KPI option holder has an incentive to grow the KPI because their KPI option will be worth more. This aligns individual token holder interests with the collective interests of the protocol.

The B.Protocol KPI option is designed to incentivize B.Protocol TVL growth and be used for liquidity mining rewards. At expiry, if the TVL of B.Protocol is at or above $150m USD, each KPI Option will be worth 3 BPRO collateral. If TVL is below $150m USD, each KPI Option will be worth 1 BPRO.

UMAverse is used to mint KPI options by the B.Protocol team. The B.Protocol team has already minted the KPI Options. Please confirm with the B.Protocol team before minting tokens.

B.protocol

B.Protocol TVL KPI Option expiring 12/17/2021

# About BALc90-0521

BALc90-0521 is a call option on BAL token with a strike price of $90 which expires on May 31th, 2021.  

A call option gives the buyer the right, but not the obligation to buy an asset at a specified price (strike) and a specific time period (expiry). View [here](https://medium.com/uma-project/bal-and-uni-join-the-call-options-party-eed7965df9d1) to learn more about BAL call options. 

### Why buy BALc90-0521?

__Leveraged Speculation__
__
The simplest use for a long call position is for speculating on the appreciation of an asset with leverage and also limited downside. __Anybody bullish BAL can obtain the right to be long 1 BAL at a price of 90 USD by paying only 5.5% of an BAL token (assuming the call option trades at 0.055,)__. However, the flip side to that is the value of the option will depreciate or decay very quickly to zero if it does not trade above the strike price.

__Income or Yield Enhancement__

Existing BAL token holders can mint these call option tokens using their BAL token as collateral and then sell them to earn income or provide liquidity in them to farm more BAL. Especially for token holders who are willing to sell some of their BAL at 90 USD it would be a reasonable strategy. Assuming the call option trades at 0.055, if BAL rallies over 90 USD they would have sold their BAL at 94.95 USD (90 + 0.055*90). If BAL stays below 90 USD, the strategy would have earned the 5.5% premium. 


Balancer

A Call Option on BAL token with a strike price of $90 expiring on 5/31/2021

# About BALc60-0621

BALc60-0621 is a call option on BAL token with a strike price of $60 which expires on June 30th, 2021.  

A call option gives the buyer the right, but not the obligation to buy an asset at a specified price (strike) and a specific time period (expiry). View [here](https://medium.com/uma-project/bal-and-uni-join-the-call-options-party-eed7965df9d1) to learn more about BAL call options. 

### Why buy BALc60-0621?

__Leveraged Speculation__
__
The simplest use for a long call position is for speculating on the appreciation of an asset with leverage and also limited downside. __Anybody bullish BAL can obtain the right to be long 1 BAL at a price of 60 USD by paying only 5.5% of an BAL token (assuming the call option trades at 0.055,)__. However, the flip side to that is the value of the option will depreciate or decay very quickly to zero if it does not trade above the strike price.

__Income or Yield Enhancement__

Existing BAL token holders can mint these call option tokens using their BAL token as collateral and then sell them to earn income or provide liquidity in them to farm more BAL. Especially for token holders who are willing to sell some of their BAL at 60 USD it would be a reasonable strategy. Assuming the call option trades at 0.055, if BAL rallies over 60 USD they would have sold their BAL at 63.3 USD (60 + 0.055*60). If BAL stays below 60 USD, the strategy would have earned the 5.5% premium. 


A Call Option on BAL token with a strike price of $60 expiring on 6/30/2021

# About the Stake DAO TVL KPI Option

KPI options are synthetic tokens that will pay out more rewards if the KPI grows to predetermined targets before a given expiry date. Every KPI option holder has an incentive to grow the KPI because their KPI option will be worth more. This aligns individual token holder interests with the collective interests of the protocol.

The StakeDAO TVL KPI Option is designed to incentivize the Stake DAO's community and users to increase the TVL of Stake DAO strategies.

The Stake DAO KPI Option will expire on September 16th, 2021. At this time, if Stake DAO TVL is at or above $200m, each KPI option will be worth 10 SDT. If Stake DAO TVL is below $200m, each KPI option will be worth 1 SDT. 

stakedao

Stake DAO TVL KPI Option expiring 9/16/21

# About the BasketDAO BDI Flip KPI Option

KPI options are synthetic tokens that will pay out more rewards if the KPI grows to predetermined targets before a given expiry date. Every KPI option holder has an incentive to grow the KPI because their KPI option will be worth more. This aligns individual token holder interests with the collective interests of the protocol.

[BasketDAO](https://basketdao.org) is a protocol that focuses on DeFi portfolio management and BasketDAO DeFi Index (BDI) token provides diversified exposure to DeFi blue chips, and it is aimed at the long term passive investor as a safe set-and-forget investment. The intended purpose of BasketDAO BDI Flip KPI Options is to incentivize BDI market capitalization growth relative to DeFiPulse Index (DPI) that is a market capitalization-weighted index which consists of the 10 most popular Ethereum-based DeFi tokens.

This is a binary option that will settle to be worth 1 BASK per token if the market capitalization of BDI will have exceeded DPI market capitalization during December 2021 and will have sustained this dominance for any 24 consecutive hours. If this target is not reached the KPI options will settle to 0.

Basketdao

BasketDAO BDI Flip Option expiring 12/31/21

# About the BasketDAO BASK Price KPI Option

KPI options are synthetic tokens that will pay out more rewards if the KPI grows to predetermined targets before a given expiry date. Every KPI option holder has an incentive to grow the KPI because their KPI option will be worth more. This aligns individual token holder interests with the collective interests of the protocol.

BASK is the governance token for [BasketDAO](https://basketdao.org), a protocol that focuses on DeFi portfolio management. The intended purpose of BasketDAO BASK Price KPI Options is to incentivize the increase in BASK price.

This is a binary option that will settle to be worth 1 BASK per token if the price of BASK will have reached $1000 during December 2021 and will have sustained it for any 24 consecutive hours. If this price threshold is not reached the KPI options will settle to 0.

BasketDAO BASK Price Option expiring 12/31/21

# About vBNT/BNT 0.378 Covered Call Pair [29 October 2021] 

vBNTc-1021s is a call option on vBNT/BNT token with a strike price of $0.378 which expires on 10/29/2021.  

A call option gives the buyer the right, but not the obligation to buy an asset at a specified price (strike) and a specific time period (expiry). 


Bancor-BNT-icon

A covered call option on vBNT (Bancor's Governance token)

# About yCOMP

yCOMP is a synthetic asset that tracks the price of COMP token. Users who are interested in gaining exposure to the asset can do so in two ways:

1. __A sponsor who’s shorting COMP__ – Users will be required to lock DAI as collateral to mint yCOMP where you can then proceed to sell the synthetic token on Uniswap. If the price of COMP falls enough, users can unlock their collateral for fewer dollars than they originally sold it for. The difference is the shorter’s “net profit”.

3. __A holder who earns a yield on COMP__ – Users who elect to become a yCOMP holder will be exposed to the price of COMP.  When you originally purchase yCOMP (or sell it), the price will actually be lower than COMP. This is because users effectively have to pay the “funding rate” to short the asset, bringing the yToken to parity with COMP as it approaches expiration.


compound

A synthetic token that tracks the price of COMP token expiring on 8/1/2020

# About UNIc50-0621

UNIc50-0621 is a call option on UNI token with a strike price of $50 which expires on June 30, 2021. 

A call option gives the buyer the right, but not the obligation to buy an asset at a specified price (strike) and a specific time period (expiry). View [here](https://medium.com/uma-project/bal-and-uni-join-the-call-options-party-eed7965df9d1) to learn more about UNI call options. 

### Why buy UNIc50-0621?

__Leveraged Speculation__
__
The simplest use for a long call position is for speculating on the appreciation of an asset with leverage and also limited downside. __Anybody bullish UNI can obtain the right to be long 1 UNI at a price of 50 USD by paying only 5.5% of an UNI token (assuming the call option trades at 0.055,)__. However, the flip side to that is the value of the option will depreciate or decay very quickly to zero if it does not trade above the strike price.

__Income or Yield Enhancement__

Existing UNI token holders can mint these call option tokens using their UNI token as collateral and then sell them to earn income or provide liquidity in them to farm more UNI. Especially for token holders who are willing to sell some of their UNI at 50 USD it would be a reasonable strategy. Assuming the call option trades at 0.055, if UNI rallies over 50 USD they would have sold their UNI at 52.75 USD (50 + 0.055*50). If UNI stays below 50 USD, the strategy would have earned the 5.5% premium. 


Uniswap

A Call Option on UNI token with a strike price of $50 expiring on 6/30/2021

# About UNIc50-0521

UNIc50-0521 is a call option on UNI token with a strike price of $50 which expires on May 31th, 2021.  

A call option gives the buyer the right, but not the obligation to buy an asset at a specified price (strike) and a specific time period (expiry). View [here](https://medium.com/uma-project/bal-and-uni-join-the-call-options-party-eed7965df9d1) to learn more about UNI call options. 

### Why buy UNIc50-0521?

__Leveraged Speculation__
__
The simplest use for a long call position is for speculating on the appreciation of an asset with leverage and also limited downside. __Anybody bullish UNI can obtain the right to be long 1 UNI at a price of 50 USD by paying only 5.5% of an UNI token (assuming the call option trades at 0.055,)__. However, the flip side to that is the value of the option will depreciate or decay very quickly to zero if it does not trade above the strike price.

__Income or Yield Enhancement__

Existing UNI token holders can mint these call option tokens using their UNI token as collateral and then sell them to earn income or provide liquidity in them to farm more UNI. Especially for token holders who are willing to sell some of their UNI at 50 USD it would be a reasonable strategy. Assuming the call option trades at 0.055, if UNI rallies over 50 USD they would have sold their UNI at 52.75 USD (50 + 0.055*50). If UNI stays below 50 USD, the strategy would have earned the 5.5% premium. 


A Call Option on UNI token with a strike price of $50 expiring on 5/31/2021 

KPI options are synthetic tokens that will pay out more rewards if the KPI grows to predetermined targets before a given expiry date. Every KPI option holder has an incentive to grow the KPI because their KPI option will be worth more. This aligns individual token holder interests with the collective interests of the protocol.

SMART Alpha allows users to calibrate their exposure to the performance of an underlying asset represented by junior- and senior-side proofs of liquidity. When the price goes up, seniors give up some of their assets to the juniors, and vice versa. The goal of this KPI options program is to bootstrap secondary liquidity for both senior and junior SMART Alpha positions on the WBTC-USD-1w pool. At expiry, the KPI option will settle to be worth between 0 and 1 BOND.

Barnbridge

BarnBridge WBTC-USD-1w KPI Options expiring 11/3/2021

# About XSUc25-0531

XSUc25-0531 is a call option on xSUSHI token with a strike price of $25 which expires on May 31th, 2021.  

A call option gives the buyer the right, but not the obligation to buy an asset at a specified price (strike) and a specific time period (expiry). View [here](https://medium.com/uma-project/sushiswap-x-uma-announcing-call-options-for-xsushi-4770b89f68dd) to learn more about xSUSHI call options. 

### Why buy XSUc25-0531?

__Leveraged Speculation__
__
The simplest use for a long call position is for speculating on the appreciation of an asset with leverage and also limited downside. __Anybody bullish xSUSHI can obtain the right to be long 1 xSUSHI at a price of 25 USD by paying only 5.5% of an xSUSHI token (assuming the call option trades at 0.055,)__. However, the flip side to that is the value of the option will depreciate or decay very quickly to zero if it does not trade above the strike price.

__Income or Yield Enhancement__

Existing xSUSHI token holders can mint these call option tokens using their xSUSHI token as collateral and then sell them to earn income or provide liquidity in them to farm more xSUSHI. Especially for token holders who are willing to sell some of their xSUSHI at 25 USD it would be a reasonable strategy. Assuming the call option trades at 0.055, if xSUSHI rallies over 25 USD they would have sold their xSUSHI at 26.375 USD (25 + 0.055*25). If UNI stays below 25 USD, the strategy would have earned the 5.5% premium. 


SushiSwap-770x433

A Call Option on xSUSHI token with a strike price of $25 expiring on 5/31/2021 

# About fCASH

fCASH is a yield dollar backed by FARM tokens. fCASH was created by [Harvest Finance](https://harvest.finance/) enabling iFARM holders to borrow yield dollars against their staked FARM tokens. 

A yield dollar looks similar to a stablecoin but has some important differences:

- It expires
- As the date of expiry approaches, its price will approach $1
- When it expires, it will be redeemable for $1 of the collateral asset at the exact time of expiry

Put together, the yield dollar represents a fixed-rate, fixed-term loan. 

- View [here](https://medium.com/uma-project/the-yield-dollar-on-uma-3a492e79069f) for more information on yield dollars
- View [here](https://www.publish0x.com/superumans/superumans-4-what-is-fcash-by-harvest-finance-xjojqor) to learn more about fCASH

Harvest

Use iFarm as collateral to generate Yield Dollars expiring on 9/30/21

# About the Bankless DAO Legal KPI Option

KPI options are synthetic tokens that will pay out more rewards if the KPI grows to predetermined targets before a given expiry date. Every KPI option holder has an incentive to grow the KPI because their KPI option will be worth more. This aligns individual token holder interests with the collective interests of the protocol.

The Bankless DAO KPI option is used as a payout mechanism for Bankless DAO Legal Guild contributors. At expiry, the KPI option will settle to be worth between 0 and 1 BANK. 


Bankless

Bankless DAO Legal KPI Option expiring 09/30/21

# About XSUc25-0621

XSUc25-0621 is a call option on xSUSHI token with a strike price of $25 which expires on June 30, 2021.  

A call option gives the buyer the right, but not the obligation to buy an asset at a specified price (strike) and a specific time period (expiry). View [here](https://medium.com/uma-project/sushiswap-x-uma-announcing-call-options-for-xsushi-4770b89f68dd) to learn more about xSUSHI call options. 

## Why buy XSUc25-0621?

__Leveraged Speculation__
__
The simplest use for a long call position is for speculating on the appreciation of an asset with leverage and also limited downside. __Anybody bullish xSUSHI can obtain the right to be long 1 xSUSHI at a price of 25 USD by paying only 5.5% of an xSUSHI token (assuming the call option trades at 0.055,)__. However, the flip side to that is the value of the option will depreciate or decay very quickly to zero if it does not trade above the strike price.

__Income or Yield Enhancement__

Existing xSUSHI token holders can mint these call option tokens using their xSUSHI token as collateral and then sell them to earn income or provide liquidity in them to farm more xSUSHI. Especially for token holders who are willing to sell some of their xSUSHI at 25 USD it would be a reasonable strategy. Assuming the call option trades at 0.055, if xSUSHI rallies over 25 USD they would have sold their xSUSHI at 26.375 USD (25 + 0.055*25). If UNI stays below 25 USD, the strategy would have earned the 5.5% premium. 


A Call Option on xSUSHI token with a strike price of $25 expiring on 6/30/2021

# About uPUNKS-0921

uPUNKS is a synthetic token that tracks the median transfer price of all LarvaLabs CryptoPunks transferred over the last 30-days. The result is an index that best captures the value and price trend of the CryptoPunks collection and minimizes any price manipulation. With the uPUNK synthetic token, users can now create long or short positions on CryptoPunks to reflect their views or hedge any existing positions.

Read more about uPUNKS in this [Medium Post](https://medium.com/uma-project/ulabs-cryptopunks-synthetic-token-upunk-25d9d97600c3).

Read more about CryptoPunks [here](https://larvalabs.com/cryptopunks).


A synthetic token that tracks the median transfer price of all CryptoPunks transferred over the last 30-days

# About uGAS-FEB21

uGAS is a Synthetic Gas Futures Token. uGAS-FEB21 expires on Mar 01 2021 00:00:00 UTC. 

When the uGAS token expires, it will settle at the median gas price of all Ethereum transactions for the past 30 days. Each uGAS token represents 1,000,000 GAS, so if the median gas price over the 30 days before expiry was 70 Gwei, the uGAS token would be worth 0.07 ETH. View [here](https://docs.synths.yam.xyz/synthetic-tokens/ugas) for more information. 

A synthetic Ethereum Gas Futures token expiring on 3/1/21 

# About uGAS-JAN21

uGAS is a Synthetic Gas Futures Token. uGAS-JAN21 expires on Feb 01, 2021. 

When the uGAS token expires, it will settle at the median gas price of all Ethereum transactions for the past 30 days. Each uGAS token represents 1,000,000 GAS, so if the median gas price over the 30 days before expiry was 70 Gwei, the uGAS token would be worth 0.07 ETH. View [here](https://docs.synths.yam.xyz/synthetic-tokens/ugas) for more information. 

A synthetic Ethereum Gas Futures token expiring on 2/1/21 

# About the DIGG Rebase KPI Option

KPI options are synthetic tokens that will pay out more rewards if the KPI grows to predetermined targets before a given expiry date. Every KPI option holder has an incentive to grow the KPI because their KPI option will be worth more. This aligns individual token holder interests with the collective interests of the protocol.

DROPT-3 is designed to incentivize DIGG user activity that leads to "positive rebases". Positive rebases happen when the price of DIGG is higher than the price of WBTC.

At expiry on August 30th 2021, the DROPT-3 KPI option will be worth anywhere from 0 to 0.001 bDIGG. The exact payout amount depends on the number of positive rebases in the last 30 days.

Badger

DIGG Rebase Option 3 expiring August 30 2021

# About bDIGG

KPI options are synthetic tokens that will pay out more rewards if the KPI grows to predetermined targets before a given expiry date. Every KPI option holder has an incentive to grow that KPI because their option will be worth more. This aligns individual token holder interests with the collective interests of the protocol.

In an effort to encourage positive rebases of BadgerDAO’s DIGG token, BagerDAO has launched “Rebase Mining” using UMA’s KPI Options. 

bDIGG will expire on July 30th, 2021. 

# About DROPT-1

BadgerDAO is partnering with UMA on the next evolution of incentive mining in DeFi. Liquidity Mining has become ubiquitous in DeFi and with the release of their KPI options UMA broke new ground with TVL mining. BadgerDAO is extending this model in collaboration with UMA to launch Rebase Mining.

Rebasing mining is an action oriented way for users to earn DIGG rewards instead of just providing liquidity. The volume of rewards are distributed based on the number of positive rebases DIGG experiences in a given 30 day span (when DIGG is higher than the price of Bitcoin). The more positive rebases the more rewards earned and each additional day increases the % of rewards distributed. This incentive model should align DIGG holders to take action to ensure DIGG has as many positive rebases as possible.

This is the first iteration but we are optimistic that leveraging Rebase Mining on a continuous basis can be the external factor necessary to enhance the underlying rebase mechanics in the DIGG token. It can be the ongoing incentive necessary to address the lack of interest for users to buy rebasing tokens once they are 15–30% below peg.

## How does it work? 

BadgerDAO will be using UMA to mint 30 day duration DIGG Rebase options (standard ERC20 tokens) that will be redeemable at maturity for a portion of a rewards pool which will be funded from the BadgerDAO treasury. The intention is to have a rewards pool of 50–100 DIGG (an elastic supply cryptocurrency pegged to the price of Bitcoin and governed by Badger DAO) for users to earn in the first month.

These options launched on May 7th and matured on June 7th 2021.There must be a minimum of 5 positive rebases in that month for the options to mature for any rewards. The rewards then increase every additional positive rebase to a maximum of 30 days which pays out 100% of the rewards pool. A 1.5 power will be applied to redemption value which means that each positive rebase will increase redemption value at a rate higher than the last one.

View [here](https://medium.com/badgerdao/badgerdao-x-uma-introducing-rebase-mining-3c663a5abdce) to learn more!

A KPI Option with a variable payout based on the number of positive rebases DIGG experiences over a 30-day span to ensure DIGG has as many positive rebases as possible.

KPI options are synthetic tokens that will pay out more rewards if the KPI grows to predetermined targets before a given expiry date. Every KPI option holder has an incentive to grow the KPI because their KPI option will be worth more. This aligns individual token holder interests with the collective interests of the protocol.

SMART Alpha allows users to calibrate their exposure to the performance of an underlying asset represented by junior- and senior-side proofs of liquidity. When the price goes up, seniors give up some of their assets to the juniors, and vice versa. The goal of this KPI options program is to bootstrap secondary liquidity for both senior and junior SMART Alpha positions on the WETH-USD-1w pool. At expiry, the KPI option will settle to be worth between 0 and 1 BOND.

BarnBridge WETH-USD-1w KPI Options expiring 20/10/2021

BarnBridge WBTC-USD-1w KPI Options expiring 20/10/2021

BarnBridge WETH-USD-1w KPI Options expiring 11/03/2021

# About uGAS-MAR21

uGAS is a Synthetic Gas Futures Token. uGAS-MAR21 expires on Apr 01 2021 00:00:00 UTC. 

When the uGAS token expires, it will settle at the median gas price of all Ethereum transactions for the past 30 days. Each uGAS token represents 1,000,000 GAS, so if the median gas price over the 30 days before expiry was 70 Gwei, the uGAS token would be worth 0.07 ETH. View [here](https://docs.synths.yam.xyz/synthetic-tokens/ugas) for more information. 

A synthetic Ethereum Gas Futures token expiring on 4/1/21

# About uGAS-JUN21

uGAS is a Synthetic Gas Futures Token. uGAS-JUN21 expires on Jul 01, 2021. 

When the uGAS token expires, it will settle at the median gas price of all Ethereum transactions for the past 30 days. Each uGAS token represents 1,000,000 GAS, so if the median gas price over the 30 days before expiry was 70 Gwei, the uGAS token would be worth 0.07 ETH. View [here](https://docs.synths.yam.xyz/synthetic-tokens/ugas) for more info. 

A synthetic Ethereum Gas Futures token expiring on 7/1/21

# About uSTONKS_0921

uSTONKS_0921 is a synthetic that tracks an index of the ten most bullish Wall Street Bets stocks expiring on 9/30/21. Bullishness will be measured by the number of positive comments on the WSB subreddit, with data provided from [Swaggy Stocks’s](https://swaggystocks.com/dashboard/stocklabs/wallstreetbets-trends) trend tracking.

The inaugural version of the token is uSTONKS-APR21 which consists of the ten tickers below. This token will base its index off of the December 31, 2020 exchange closes. View [here](https://docs.synths.yam.xyz/synthetic-tokens/ustonks) to learn more!

![210308 table](//images.contentful.com/gr2sdxmfnju2/11894Xn20Ws0m771EiFF42/6162f7750bbbb10092174ac01b6d3465/210308_table.png)


A synthetic that tracks an index of the ten most bullish Wall Street Bets stocks expiring 9/30/21

# About uSTONKS_APR21

uSTONKS_APR21 is a synthetic that tracks an index of the ten most bullish Wall Street Bets stocks. Bullishness will be measured by the number of positive comments on the WSB subreddit, with data provided from [Swaggy Stocks’s](https://swaggystocks.com/dashboard/stocklabs/wallstreetbets-trends) trend tracking.

The inaugural version of the token is uSTONKS-APR21 which consists of the ten tickers below. This token will base its index off of the December 31, 2020 exchange closes. View [here](https://docs.synths.yam.xyz/synthetic-tokens/ustonks) to learn more!

![210308 table](//images.contentful.com/gr2sdxmfnju2/11894Xn20Ws0m771EiFF42/6162f7750bbbb10092174ac01b6d3465/210308_table.png)


A synthetic that tracks an index of the ten most bullish Wall Street Bets stocks expiring 4/30/21

# About uSTONKS_JUN21

uSTONKS_JUN21 is a synthetic that tracks an index of the ten most bullish Wall Street Bets stocks. Bullishness will be measured by the number of positive comments on the WSB subreddit, with data provided from [Swaggy Stocks’s](https://swaggystocks.com/dashboard/stocklabs/wallstreetbets-trends) trend tracking.

The inaugural version of the token is uSTONKS-APR21 which consists of the ten tickers below. This token will base its index off of the December 31, 2020 exchange closes. View [here](https://docs.synths.yam.xyz/synthetic-tokens/ustonks) to learn more!

![210308 table](//images.contentful.com/gr2sdxmfnju2/11894Xn20Ws0m771EiFF42/6162f7750bbbb10092174ac01b6d3465/210308_table.png)


A synthetic that tracks an index of the ten most bullish Wall Street Bets stocks expiring 6/30/21

# About the Aragon KPI Option

KPI options are synthetic tokens that will pay out more rewards if the KPI grows to predetermined targets before a given expiry date. Every KPI option holder has an incentive to grow the KPI because their KPI option will be worth more. This aligns individual token holder interests with the collective interests of the protocol.

Nearly all DAOs created with Aragon are currently on Aragon v1. With the launch of Aragon v2, Aragon KPI Option is used to incentivise Aragon DAOs to transition from Aragon v1 to Aragon v2. The more DAOs migrate to v2, the greater Aragon KPI Option tokens will be worth.

Aragon KPI Option will expire on September 30th, 2021 where holders can then redeem them for ANT tokens depending on the number of DAOs migrated to v2. Each KPI Option can be worth between 0 and 0.1 ANT.

Aragon

# About pxUSD-OCT2020

pxUSD-OCT2020 is a ‘yield dollar’ synthetic token pegged to USD and minted using PERL as collateral. A yield dollar looks similar to a stablecoin but has some important differences:

- It expires
- As the date of expiry approaches, its price will approach $1
- When it expires, it will be redeemable for $1 of the collateral asset at the exact time of expiry

Put together, the yield dollar represents a fixed-rate, fixed-term loan. View [here](https://medium.com/perlin-network/perlinx-uma-synthetic-pxasset-minting-d53fc6633bd6#8b1e) for more information on yield dollars. 


Perlinx

Use PERL as collateral to generate Yield Dollars expiring on 10/31/20

# About pxGOLD_MAY2021

PerlinX, a decentralized liquidity pool & synthetic asset generation platform, has announced the launch of pxGold; a synthetic asset designed to track the price of 1 fine troy ounce of gold fully collateralized by PERL token.

pxGold gives users exposure directly to the price of gold price; without going through banks and centralized exchange with all the middlemen fees. This token expires on May 31 2021. 

__Features of pxGold__

- Low Fees: Trading in a decentralized market mitigates all middlemen fees imposed by other exchanges.
- Easy Access: PxGold is tradable and mintable 24/7; regardless of market trading hours.
- Fractional Orders: Executing fractional orders in traditional finance requires some complexities and additional waiting time. The order volume on the blockchain is represented simply as a number, and therefore saves on processing time.


A synthetic token that tracks the price of Gold expiring 5/31/21

KPI options are synthetic tokens that will pay out more rewards if the KPI grows to predetermined targets before a given expiry date. Every KPI option holder has an incentive to grow the KPI because their KPI option will be worth more. This aligns individual token holder interests with the collective interests of the protocol.

DFX is a decentralized exchange protocol with a dynamically tuned bonding curve optimized for fiat-backed stablecoins (like USDC, CADC, EURS, XSGD, etc.) using real-world FX price feeds. The goal of the KPI options program is to motivate TVL growth of DFX protocol and it will track TVL in DFX pools. After 3 months from launch each KPI option will settle to be worth between 0 and 1 DFX token.

DEXTFsBond June 2022 is a non-liquidatable contract that is the combination of a yield dollar and short put option. Each DEXTFsBond is backed by 10 DEXTF with a floor price of $0.10. 

The following payouts happen at expiry:
- If the DEXTF price is greater than $0.10 at expiry, each bond will settle for $1 worth of DEXTF.
- If the DEXTF price is less than $0.10 at expiry, each bond is worth 10 DEXTF.

Dextfpng

DEXTFsBond is a combination of a yield dollar and short put option that expires 6/30/22

KPI options are synthetic tokens that will pay out more rewards if the KPI grows to predetermined targets before a given expiry date. Every KPI option holder has an incentive to grow the KPI because their KPI option will be worth more. This aligns individual token holder interests with the collective interests of the protocol.

The Volatility DAO wishes to use KPI options to incentivize the community to complete future DAO projects. Each goal has a percentage value associated with it, with completion of all goals corresponding to a 100 percent return value.

volatility

Volatility DAO KPI Option Batch Two [30 Sep 2022]

# About BTCDOM-MAR2021

BTCDOM-MAR2021 is a synthetic asset that tracks the marketcap of Bitcoin to the entire cryptocurrency market expiring on 3/31/21. Domination Pairs are products that reflect the relative market cap of a specific asset compared to the rest of the industry. 

This ratio has been used for years to talk about the total attention and money going towards Bitcoin compared to the wider crypto industry. Bitcoin and Ethereum maximalists often debate it. Now there is a clean way to trade it.

Domination Finance offers both sides of the same coin: BTCDOM and ALTDOM are inverses of each other. 

### If you think…

- Bitcoin Dominance will go up → You can mint and sell ALTDOM or buy BTCDOM

- Bitcoin Dominance will go down → You can mint and sell BTCDOM or buy ALTDOM


A synthetic asset that tracks the ratio of the marketcap of Bitcoin to the entire cryptocurrency market expiring on 3/31/21

# About BTCDOM (July 2021)

BTCDOM (July 2021) is a synthetic asset that tracks the marketcap of Bitcoin to the entire cryptocurrency market expiring on 7/31/21. Domination Pairs are products that reflect the relative market cap of a specific asset compared to the rest of the industry. 

This ratio has been used for years to talk about the total attention and money going towards Bitcoin compared to the wider crypto industry. Bitcoin and Ethereum maximalists often debate it. Now there is a clean way to trade it!

Domination Finance offers both sides of the same coin: BTCDOM (July 2021)  and BTC-ALTDOM (July 2021) are inverses of each other. 

### If you think…

- Bitcoin Dominance will go up → Buy BTCDOM (July 2021) or sell BTC-ALTDOM (July 2021)  

- Bitcoin Dominance will go down → Buy BTC-ALTDOM (July 2021) or sell BTCDOM (July 2021)


A synthetic asset that tracks the ratio of the marketcap of Bitcoin to the entire cryptocurrency market expiring on 7/31/21

BTCDOM is a synthetic asset that allows users to trade Bitcoin's dominance index.

Users can go long on short on Bitcoin's dominance index with BTCDOM.

# About BTCDOM-JUN21

BTCDOM is a synthetic asset that tracks the ratio of the marketcap of Bitcoin to the entire cryptocurrency market. This token expires on Jun 30 2021 22:00:00 UTC. 

Domination Pairs are products that reflect the relative market cap of a specific asset compared to the rest of the industry. This ratio has been used for years to talk about the total attention and money going towards Bitcoin compared to the wider crypto industry. Bitcoin and Ethereum maximalists often debate it. Now there is a clean way to trade it.

Domination Finance offers both sides of the same coin: BTCDOM and ALTDOM are inverses of each other. 

### If you think…

- Bitcoin Dominance will go down → You can mint and sell BTCDOM or buy ALTDOM

- Bitcoin Dominance will go up → You can mint and sell ALTDOM or buy BTCDOM

A synthetic asset that tracks the ratio of the marketcap of Bitcoin to the entire cryptocurrency market expiring on 6/30/21

USDTDOM is a synthetic asset that allows users to trade Tether's dominance index.

Users can go long on short on Tether's dominance index with USDTDOM.

# About ALTDOM-MAR2021

ALTDOM-MAR2021 is a synthetic asset that tracks the ratio of the marketcap of Altcoins to Bitcoin's marketcap. Domination Pairs are products that reflect the relative market cap of a specific asset compared to the rest of the industry. 

This ratio has been used for years to talk about the total attention and money going towards Bitcoin compared to the wider crypto industry. Bitcoin and Ethereum maximalists often debate it. Now there is a clean way to trade it.

Domination Finance offers both sides of the same coin: BTCDOM and ALTDOM are inverses of each other. 

### If you think…

- Bitcoin Dominance will go up → You can mint and sell ALTDOM or buy BTCDOM

- Bitcoin Dominance will go down → You can mint and sell BTCDOM or buy ALTDOM


A synthetic asset that tracks the ratio of the marketcap of Altcoins to Bitcoin's marketcap expiring on 3/31/21

KPI options are synthetic tokens that will pay out more rewards if the KPI grows to predetermined targets before a given expiry date. Every KPI option holder has an incentive to grow the KPI because their KPI option will be worth more. This aligns individual token holder interests with the collective interests of the protocol.

Volatility protocol has launched KPI options to incentivize its DAO to complete community-oriented certain goals by January. These goals include launching a new KPI option, as well as launching a POAPathon.

The KPI option will be valued at between 0 and 100 VOL tokens, depending on the completion percentage of the DAO's goals. 


Volatilty DAO KPI Option Batch One [2 Jan 2022]

# About pxGOLD_MAR2022

PerlinX, a decentralized liquidity pool & synthetic asset generation platform, has announced the launch of pxGold; a synthetic asset designed to track the price of 1 fine troy ounce of gold fully collateralized by PERL token.

pxGold gives users exposure directly to the price of gold price; without going through banks and centralized exchange with all the middlemen fees. This token expires on Mar 31 2022. 

__Features of pxGold__

- Low Fees: Trading in a decentralized market mitigates all middlemen fees imposed by other exchanges.
- Easy Access: PxGold is tradable and mintable 24/7; regardless of market trading hours.
- Fractional Orders: Executing fractional orders in traditional finance requires some complexities and additional waiting time. The order volume on the blockchain is represented simply as a number, and therefore saves on processing time.


A synthetic token that tracks the price of Gold expiring 3/31/22

Protected token pairs use the UMA LSP contract to wrap any ERC20 asset and create protected and recovery tokens. The protected tokens are put in a specified wallet address or smart contract system and the recovery tokens are held in a secure wallet elsewhere and can be used to recover the underlying asset in the event of a hack, bug, or other cause of lost funds. Protected tokens allow a user to use the protected token with confidence that they are not exposed to smart contract risk. This is great not just for user protection but also for new and experimental protocols or new features added to existing protocols.

Risk Labs has launched an UMA Protected Token Pair that uses UMA as collateral and plans to deposit the protected tokens in a vault with Hats Finance (https://hats.finance). The protected tokens will be used to reward whitehat hackers and auditors who identify bugs in the UMA and Across protocols. If funds are lost due to a hack or bug in the Hats vault, or user error in the UMA committee multi-sig wallet that reviews reports, the recovery tokens held in a secure wallet elsewhere can be used to recover the underlying UMA. Recipients of rewards through this program will also receive 1:1 matching recovery tokens from Risk Labs so that they can redeem the protected/recovery token pair for the underlying UMA without waiting for contract expiry.

Other UMA holders are encouraged to mint protected token pairs and add additional funding to the Hats vault to increase funding for whitehat hackers who identify risks in the UMA and Across protocols, and should remember to deposit the protected tokens in the vault while keeping their recovery tokens in a secure wallet.

hats

KPI options are synthetic tokens that will pay out more rewards if the KPI grows to predetermined targets before a given expiry date. Every KPI option holder has an incentive to grow the KPI because their KPI option will be worth more. This aligns individual token holder interests with the collective interests of the protocol.

The goal of the XIO KPI options program is to motivate the market cap growth of XIO compared to other cryptocurrency projects. The KPI Option will track the average market cap rank of XIO from Coinmarketcap and Cryptorank. On 01/02/2023, each KPI option will settle to be worth between 0 and 100,000 XIO tokens.

Blockzero

# About O-OCEAN-MAR22

O-OCEAN-MAR22 is a yield dollar backed by OCEAN token. A yield dollar looks similar to a stablecoin but has some important differences:

- It expires
- As the date of expiry approaches, its price will approach $1
- When it expires, it will be redeemable for $1 of the collateral asset at the exact time of expiry

Put together, the yield dollar represents a fixed-rate, fixed-term loan. View [here](https://www.youtube.com/watch?v=uQdx7gV1WSg&t=6s) for more information regarding the Y-Dollar. 


opendao

Use OCEAN as collateral to generate yield dollars expiring on 3/31/22

# About O-ETH-MAR22 

O-ETH-MAR22 is a yield dollar backed by ETH.  A yield dollar looks similar to a stablecoin but has some important differences:

- It expires
- As the date of expiry approaches, its price will approach $1
- When it expires, it will be redeemable for $1 of the collateral asset at the exact time of expiry

Put together, the yield dollar represents a fixed-rate, fixed-term loan. View [here](https://www.youtube.com/watch?v=uQdx7gV1WSg&t=6s) for more information regarding the Y-Dollar. 


Use wETH as collateral to generate Yield Dollars expiring on 3/31/22

KPI options are synthetic tokens that will pay out more rewards if the KPI grows to predetermined targets before a given expiry date. Every KPI option holder has an incentive to grow the KPI because their KPI option will be worth more. This aligns individual token holder interests with the collective interests of the protocol.

PieDAO has launched KPI options to promote the new staking program released as of beginning October 2021. The KPI options will track the amount of DOUGH v2 staked after 1 month from program start. After 6 months from launch each KPI option will settle to be worth between 0 and 0.5 DOUGH v2.

Piedao

PieDAO staked DOUGH KPI Options expiring 03/30/2022

A Success Token is a project token with an embedded call option on that token.

This means that instead of selling project tokens at a discount to investors, projects can sell Success Tokens which provides the investor a call option alongside their token purchase. They pay the full price of the token for this package. The option portion is only valuable if the project rallies, which better aligns incentives: the investor only gets their “bonus” if the project performs well, which of course benefits the whole community. View [here](https://medium.com/uma-project/success-tokens-an-incentive-aligned-way-for-vc-funds-to-invest-in-daos-1e8b8244f2f4) to learn more about success tokens.

At expiry (12/01/23) each PERP Success Token is redeemable for 1 PERP token plus the value of half a $30.00 USD strike call option on PERP, paid in PERP tokens. The formula for this payout is as follows: each Success Token is redeemable for 1 PERP + MAX(0.5 * (PERP price - $30.00) / PERP price, 0) PERP.  For example, if at expiry 1 PERP is worth $30 USD or less, each Success Token will be redeemable for exactly 1 PERP Token. As another example, if at expiry 1 PERP is worth $60 USD, each Success Token will be redeemable for 1.25 PERP Tokens, worth $75 USD.

This contract has `customAncillaryData` set to `twapLength:2592000,ohlcPeriod:86400` which means PERPUSD price at expiration would be calculated using last 30 day TWAP over 24 hour price intervals.

perp

Volatility DAO KPI Option expiring 01/02/22

# About Mini Mario Winter Cash 

Mini Mario Winter Cash is a synthetic token that tracks the price of Bitcoin Cash (BCHN). Users can mint these synthetic tokens by putting up renBTC collateral and minting Mini Mario Winter Cash  — a 1:1 synthetic representation of BCHN.

It is now seamless to express a short-dated view on the future of BCHN via Mini Mario Winter Cash. Learn more [here](https://mario.cash/winter/mint). 


icon-Synthtic-Asset

A synthetic token that tracks the price of Bitcoin Cash expiring Dec 31 2021 

# About Mini Mario Fall Cash 

Mini Mario Fall Cash is a synthetic token that tracks the price of Bitcoin Cash (BCHN). Users can mint these synthetic tokens by putting up renBTC collateral and minting Mini Mario Winter Cash  — a 1:1 synthetic representation of BCHN. Mini Mario Fall Cash expires on 9/30/21. 

It is now seamless to express a short-dated view on the future of BCHN via Mini Mario Winter Cash. Learn more [here](https://mario.cash/fall). 


A synthetic token that tracks the price of Bitcoin Cash expiring 9/30/21

# About ETH Fall Basis

Yoshi "ETH Fall Basis Cash" is a ETH-BASIS-3M/USDC synthetic token on the Ethereum network, powered by the UMA Protocol. Users can mint these tokens by putting up USDC collateral and minting Yoshi "ETH Fall Basis" Cash.

Currently there does not exist an on-chain product on Ethereum that enables folks to deploy risk capital on the futures term structure on either BTC or ETH. Basis (difference between futures and spot) is a heavily popular product suite in the CeFi ecosystem that has nearly ~300mil+ ADV (average daily volume) in this regime allocated to it, and with the rise of interest rate products on-chain, basis synthetics can be heavily useful for folks speculating on the steepening or flattening of the interest rate curve for BTC and ETH. See more information on the [UMIP](https://github.com/UMAprotocol/UMIPs/blob/master/UMIPs/umip-40.md) and [here](https://yoshi.cash/eth/about). 

A synthetic asset to track the basis (the difference between futures and spot price) of ETH to speculate on the steepening or flattening of ETH's rate curve 

# About BTC Fall Basis

Yoshi "BTC Fall BASIS" Cash is a BTC-BASIS-3M/USDC synthetic token on the Ethereum network, powered by the UMA Protocol. Users can mint these tokens by putting up USDC collateral and minting Yoshi "BTC Fall BASIS" Cash.

Currently there does not exist an on-chain product on Ethereum that enables folks to deploy risk capital on the futures term structure on either BTC or ETH. Basis (difference between futures and spot) is a heavily popular product suite in the CeFi ecosystem that has nearly ~300mil+ ADV (average daily volume) in this regime allocated to it, and with the rise of interest rate products on-chain, basis synthetics can be heavily useful for folks speculating on the steepening or flattening of the interest rate curve for BTC and ETH. See more information on the [UMIP](https://github.com/UMAprotocol/UMIPs/blob/master/UMIPs/umip-40.md) and [here](https://yoshi.cash/btc/about). 

A synthetic asset used to track the basis (the difference between futures and spot price) of BTC to speculate on the steepening or flattening of BTC's rate curve

# About Mario Summer Cash

Mario Summer Cash is a synthetic token that tracks the price of Bitcoin Cash (BCHN). Users can mint these synthetic tokens by putting up renBTC collateral and minting Mario "Summer" Cash — a 1:1 synthetic representation of BCHN.

It is now seamless to express a short-dated view on the future of BCHN via Mario "Summer" Cash. Learn more [here](https://mario.cash/summer/about). 


A synthetic token that tracks the price of Bitcoin Cash (BCHN) expiring 6/30/21

# About Zelda Fall Nuts Cash

Zelda Fall Nuts Cash is a STABLESPREAD/USDC synthetic token. Users can mint these tokens by putting up USDC collateral and minting Zelda Fall Nuts Cash. 

We are currently going through a rapid growth of innovation in the stablecoin space, both on Ethereum and other chains as well. Each of these have different quirks around how they plan to maintain their target peg: some reasonable and some not-so-reasonable. Now, it is seamless to express your view around which basket of stablecoins (Eth vs Non-Eth) will hold their peg better, relatively speaking! If you think non-Eth stablecoins will outperform Eth stablecoins then buy STABLESPREAD, else sell! 

A synthetic token that tracks whether Ethereum-based vs non-Ethereum based stablecoins more closely hold their peg to $1 expiring on 9/30/21

# About Zelda Candice Nuts Cash

Zelda Candice Nuts Cash is a STABLESPREAD/USDC synthetic token. Users can mint these tokens by putting up USDC collateral and minting Zelda Candice Nuts Cash. 

We are currently going through a rapid growth of innovation in the stablecoin space, both on Ethereum and other chains as well. Each of these have different quirks around how they plan to maintain their target peg: some reasonable and some not-so-reasonable. Now, it is seamless to express your view around which basket of stablecoins (Eth vs Non-Eth) will hold their peg better, relatively speaking! If you think non-Eth stablecoins will outperform Eth stablecoins then buy STABLESPREAD, else sell! 

A synthetic token that tracks whether Ethereum-based vs non-Ethereum based stablecoins more closely hold their peg to $1 expiring on 3/28/22

# About Zelda Winter Nuts Cash

Zelda Winter Nuts Cash is a STABLESPREAD/USDC synthetic token. Users can mint these tokens by putting up USDC collateral and minting Zelda Winter Nuts Cash. 

We are currently going through a rapid growth of innovation in the stablecoin space, both on Ethereum and other chains as well. Each of these have different quirks around how they plan to maintain their target peg: some reasonable and some not-so-reasonable. Now, it is seamless to express your view around which basket of stablecoins (Eth vs Non-Eth) will hold their peg better, relatively speaking! If you think non-Eth stablecoins will outperform Eth stablecoins then buy STABLESPREAD, else sell! 

A synthetic token that tracks whether Ethereum-based vs non-Ethereum based stablecoins more closely hold their peg to $1 expiring on 12/31/21 

# About YD-BTC-JUN21 

YD-BTC-JUN21  is a yield dollar backed by renBTC. A yield dollar looks similar to a stablecoin but has some important differences:

- It expires
- As the date of expiry approaches, its price will approach $1
- When it expires, it will be redeemable for $1 of the collateral asset at the exact time of expiry

Put together, the yield dollar represents a fixed-rate, fixed-term loan. View [here](https://medium.com/uma-project/the-yield-dollar-on-uma-3a492e79069f) for more information on yield dollars.


icon-YD

Use renBTC as collateral to generate yield dollars expiring on 6/30/21

PoolTogether TVL KPI Option Pair

Your Wallet

Token Information

Interested in creating your own token?

You might also be interested in