Antimatter Finance — 2021 Review
As 2021 is coming to an end we wish you Happy Holidays and a Happy New Year!
In our founding year 2021 we reached many milestones and faced challenges, which both played an essential role for the growth of the Antimatter Ecosystem. We invite you to look back at this year together.
In February we introduced Antimatter as the Uniswap for Options and Derivatives, giving the first concept of our Polarized Token mechanism, which we now label as decentralized BULL&BEAR Token. This product is also the inspiration behind our logo, symbolizing the two forces of options: positive(call) and negative(put).
On February 27th we launched the $MATTER Token on Uniswap and PancakeSwap and gathered a huge amount of new followers and supporters. Shortly after we introduced AntiMatter V1 — A new vision based on community feedback, refining our Polarized Token model.
Debut of Antimatter Non-fungible Finance
In early August we launched our interpretation of how NFTs should be facilitated as a financial tool.
Non-fungible Finance is a Financial NFT Hub, enabling its users to explore the integration of DeFi derivatives with the NFT market.
We introduced Spot NFT Index, allowing the trading of indexes in NFT format. Users are able to create their own NFT index and earn fees when their index is traded. Furthermore we introduced Locker NFT to the platform, making use of the fact that NFTs can be used as a locker for crypto assets, which can be used as a gift or digital safe with an unlock schedule. Coming Soon: Future NFT Index
To enhance the user-experience we created an account system to facilitate the storage and management of the Financial NFT assets. We also did a Lockdrop of Antimatter NFTs rewarding the community with 66 hand drawn artworks. These collectibles were claimable for free, by locking 1000 $MATTER Tokens for four months.
$MATTER gets listed on KuCoin
September saw us getting listed on KuCoin, our first “S-Tier” CEX listing. KuCoin is a global cryptocurrency exchange for numerous digital assets and cryptocurrencies. Launched in September 2017, KuCoin has grown to become one of the most popular crypto exchanges and already has 10 million registered users across 207 countries and regions around the world. In addition $MATTER is also available on Uniswap, Gate.io and MEXC Global.
Perpetual Options Mainnet Launch
On the 8th of October, after 8 months of study, exploration, and constant iteration, we officially launched our Perpetual Options mainnet on ETH, Arbitrum (ETH L2), AVAX, and BSC. https://app.antimatter.finance is now live for users to trade. More underlying blockchains will be added to Antimatter’s expansive ecosystem in the near future. Those include Terra (LUNA) and NEAR (via Aurora).
Decentralized Perpetual Options platforms currently accessible on the market are more complex than their centralized peers. A DeFi platform where non-experienced users can execute their long and short strategies is non-existent, thus hindering the mass adoption and decentralization of derivative services. Meanwhile, the lag of price synchronization with oracles has been a long-lasting challenge faced by DEX derivatives, costing users plenty of opportunities while causing huge losses.
To tackle the current problems, the first product of Antimatter was designed as a Uniswap for options and derivatives with ease-of-use and improved user experience, as well as an innovative way that abandons the use of oracles to secure the system and maintain systematic independence. Instead, arbitrage activities act as “oracles” in Antimatter to make sure the price of call and put tokens follow the trend of market price movement.
Introduction of Antimatter DAO: A Club for Derivatives Fanatics
Antimatter DAO, a club for derivatives fanatics and a collaborative workplace for innovative on-chain derivatives applications, with features including staking, on-chain governance, multi-party treasury management, academic resources sharing, and new model experiments.
The motivation behind Antimatter DAO:
- Academia is interested in exploring new derivative models;
- The growth of DeFi needs new innovations that are not simply a copy of other protocols;
- The new DeFi models need the knowledge base of traditional finance;
- There is currently no environment for communication and discussion of new models.
Upon its establishment, Antimatter DAO has welcomed the joining of a number of pioneering practitioners in financial derivatives. Among them,
Tekin Salimi, the general partner of Polychain Capital and a strong believer and advocate of DAO. Salimi believes that the continued use of DAOs to be of the utmost importance to the next evolution of the blockchain industry.
Do Kwon, the Co-founder and CEO of Terraform Labs, the company behind the Terra Blockchain. Terra strives to use blockchain technology to develop a more efficient payment system.
Justin Sun, the founder of Tron foundation, an ambitious project dedicated to building the infrastructure for a truly decentralized Internet.
Brian Lee, partner at Alameda Research Ventures, a quantitative trading firm bringing expertise from Wall Street and Silicon Valley to provide liquidity in crypto markets worldwide.
Arthur Hayes, founder and former CEO of the digital asset trading platform BitMEX, as well as its parent company, the 100x Group. He supports our idea of innovating traditional concepts into DeFi.
We believe their knowledge and experience will take the DeFi derivatives space to the next level. At Antimatter DAO, the sky’s the limit.
Antimatter’s Pivot to Structured Products
We realized that it’s still too early for the mass adoption of DeFi derivatives due to its complicated mathematical model and the high risks involved.
After internal discussions, Antimatter has come to the decision that a simpler and easier-to-use product — Dual Investment — is our key to adoption.
The essence of Dual Investment is a Covered Option. To put it simple, Dual Investment gives traders the option to sell options while earning a high interest rate. The option will be settled on the delivery date with yields in either the token (such as BTC) or a stablecoin (such as USDT). Dual Investment is a sweet spot where users can have fun betting with controllable risks and higher returns.
Antimatter will bring the magic of Dual Investment to the DeFi world, adding a bit more innovation, transparency, and decentralization to better serve users. And yes, we have a bonus. Users will gain $MATTER as Dual-Invest-to-Earn rewards.
Dual Investment is scheduled to be released in the first week of January and will be launching on Binance Smart Chain first, with other chains still in planning.
Growth in Personell and Partnerships
Antimatter started out with a team of only 3 members and now has expanded to 20 members, all working with passion to make 2022 Antimatter’s year. Along our road this year we gathered several strategic partnerships like Structure, Chromia, Impossible Finance, Pangolin, Angle and Aurora. We believe they will help us to further develop our Antimatter Ecosystem.
What’s to come
For Q1 2022 we will continue to work on structured DeFi products. One of them will be Saddle Option. An innovative option that lets it’s users bet on volatility of an asset in a given timeframe.
We are planning to build a financial center in the Metaverse to promote our Nonfungible-Finance and therefore the whole Antimatter Ecosystem.
Currently we are researching cross-margin perpetuals with an order book model. An order book model makes it easier to onboard traditional market makers and institutions.
We close the chapter 2021 with new found motivation and optimism and look forward to 2022. We strive to continue working hard to realise our vision of Antimatter as the gateway for DeFi derivatives. One of our New Year’s resolutions is improving communication with the community through AMA’s, contests and generally more exchange and transparency. We are always open to suggestions or feedback for our products and DApps, so please don’t hesitate to let us know.
More details on our plans for 2022 will be revealed early next year!
Antimatter is a hub for decentralized on-chain financial products (such as derivatives and financial NFTs). One of our first innovations is the non-oracle based perpetual options. Being community driven, innovative and simple forms the core of AntiMatter.