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 oracle platform bringing the capital markets onchain and powering the majority of decentralized finance (DeFi). The Chainlink stack provides the essential data, interoperability, compiance, and pirvacy standards needed to power advanced blockchain use cases for institutional tokenized assets, lending, payments, stablecoins, and more. Since inventing decentralized oracle networks, Chainlink has enabled tens of trillions in transaction value and now secures the vast majority of DeFi.
Many of the world's largest financial services institutions have also adopted Chainlink's standards and infrastructure, including Swift, Euroclear, Mastercard, Fidelity International, UBS, ANZ, and top protocols such as Aave, GMX, Lido, and many others. Chainlink leverages a novel fee model where offchain and onchain revenue from enterprise adoption is converted to LINK tokens and stored in a strategic Chainlink Reserve.
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.
