At Y2K, users can approach multiple risk positions on a variety of pegged assets in order to hedge or profit off of a pegged assets performance during an epoch. Whether it be stablecoins, pegged derivatives, or liquid wrappers, Y2K’s product stack will be extremely efficient for trading and anticipating market movements for all types of pegged assets.
Our primary product is Earthquake, offering vaults for users to play either side of various pegged assets. Users can hedge against a depeg occurring by paying a premium on their deposit every epoch, and are paid out in the event their vault’s asset depegs below their chosen strike. On the other hand, users can deposit collateral that will be liquidated in the event of a depeg below their strike, but receive premium payments every epoch.
The Wildfire market will be a secondary trading outlet for exchanging tokenized Earthquake vault positions. The Tsunami GLP-style product is still in development, and will pass down yield from MEV captured in market operations such as auctioning order flow and arbitraging pegged collateral.
Chainlink is the industry standard for building, accessing, and selling oracle services needed to power hybrid smart contracts on any blockchain. Chainlink oracle networks provide smart contracts with a way to reliably connect to any external API and leverage secure off-chain computations for enabling feature-rich applications. Chainlink currently secures tens of billions of dollars across DeFi, insurance, gaming, and other major industries, and offers global enterprises and leading data providers a universal gateway to all blockchains.
Learn more about Chainlink by visiting chain.link or reading the developer documentation at docs.chain.link
The Chainlink Labs Channel Partner strategy is intended to outline a joint approach between Chainlink Labs and select accelerators, launchpads, incubators, devshops, and software tools to promote the user adoption and growth of the web3 ecosystem. Chainlink Labs and the channel partners will collaborate to accelerate and nurture the web3 ecosystem in key areas including gameFi, NFTs, developers, and startups.
Chainlink Labs is the leading provider of secure and reliable open-source blockchain oracle solutions, enhancing smart contracts by connecting them to a wide range of off-chain data sources and computations, such as asset prices, web APIs, IoT devices, payment systems, and more. We are dedicated to the development and integration of Chainlink as the standard decentralized oracle framework used by smart contracts across any blockchain.
