Solana Based Exotic Markets To Launch First Dual Currency Notes and Accumulators on Defi
Disclaimer: The text below is a press release that was not written by Cryptonews.com.
Panama City, Panama, 18th February, 2022,
Exotic Markets is eager to bring its flexible structured products protocol to the Solana blockchain. The team will perform an alpha version of the protocol via a DevNet platform launch on Friday, February 18, 2022, at noon UTC.
Exotic Markets brings never-before-seen products to the DeFi industry, including accumulators, dual-currency products, and worst-of options. The team prioritizes introducing the most flexible structured products to decentralized finance enthusiasts. As a result, protocol users can access the widest range of payoffs in DeFi today through this approach.
With dual-currency notes, users can deposit their token and be paid a return linked to the performance of the deposited token. For those who prefer to diversify their portfolio, the Accumulator feature may prove worthwhile, as it offers the option to buy a token at a lower price.
Exotic Markets users can invest in these products through the five DevNet tokens that the team will issue once the platform goes live.
An extra feature to explore is the ability to swap tokens when needed. It is a crucial aspect of the Exotic Markets vision, as five tokens will be supported initially: BTC, SOL, SRM, RAY, and USDC. These tokens are DevNet assets, allowing users to play around with the different investment products and monitor their performance. Moreover, Exotic Markets is compatible with popular Solana wallets like Phantom and Solflare, providing a streamlined user experience.
An anti-cheating system is in place to prevent users from connecting multiple wallets. It is an alpha launch, and the team intends to take user security to
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