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Exotic Markets Founder Joffrey Dalet Talks Defi Banking, Structured Products and Solana

Bitcoin.com

Bitcoin News / Bitcoin.com 242 Views

Exotic Markets is a DeFi (Decentralized Finance) platform on the Solana Blockchain. It aims to become the most flexible structured products protocol, offering the widest range of payoffs and underlyings in DeFi. For example, it aims to offer payoffs based on baskets of tokens, trading ranges, accumulators, and capital preservation.

Joffrey Dalet is the Founder and CEO of Exotic Markets. He recently joined the Bitcoin.com News Podcast to talk about the business:

The Exotic Markets team founder, Joffrey Dalet, spent nine years trading volatility products and served as a quant volatility hedge fund manager. The team was a top options market maker on FTX. Then the market changed and they shifted strategies. Instead of market making on CEX, they decided to offer new investment strategies on DeFi.

Thanks to the low costs and high throughput of the Solana blockchain, Exotic Markets can offer fair and transparent on-chain computation for fair value. The robo advisor will reduce complexity and guide users towards tailor-made solutions. Tokenization of positions on Serum Exchange will allow users to trade positions while the structured product is still active, offering unprecedented liquidity for products that have traditionally been illiquid and distributed on a one-sided basis. And this will all be made possible thanks to the EXO token, which will be embedded with a governance function and will absorb a portion of platform fees.

To learn more about the project visit exotic.markets, and follow the team on Twitter, Telegram and Discord.


The Bitcoin.com News podcast features interviews with the most interesting leaders, founders and investors in the world of Cryptocurrency, Decentralized Finance (DeFi), NFTs and the Metaverse. Follow us on iTunes, Spotify and Google Play.


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