Carmine Finance

Carmine Finance has a simple goal. Take care of crypto risk.

Carmine community takes care of risk through insurance, hedging and monitoring. We are pushing the boundaries of these.

Through Carmine Options AMM blockchain users and protocols can hedge or insure against the risks that apply to them and through DeRisk anyone will be able to monitor those risks.

Carmine Options AMM

Options AMM that allows users not only to buy, but also to sell options. This has cool implications for liquidity providers - it minimizes their risk and increases the usage of provided capital. Alongside standard pairs listings, one can trade options for different underlying assets such as NFT portfolios and more.

We view options as “if statement with market pricing”. Imagine being or not being able to use “if statement” while implementing some software. Implication of viewing options in this way is a revolutionary approach that provides a** major building block to DeFi composability**.

Thing that can easily be build on top of these building blocks include

• Hedging / insuring investments (https://app.carmine.finance/insurance)
• Hedging and insurance against impermanent loss
• Insurance against game commodities price drops
• Insurance against risk of under the water loans (shortfall events)
• Moves us closer to solving the problem of capital efficiency in DeFi
• Many more (https://docs.carmine.finance/carmine-options-amm/use-cases)

The smart contracts are written in a way that anyone who deploys them can easily build products on top of them, or build on top of the already deployed.

DeRisk

A simple open source tool to monitor risks in DeFi.

The high ambition project is just about to be released. The goal is to monitor, estimate and forecast risks associated with behavior of DeFi protocols.

The first major risk that is being monitored is a risk of occurrence of under the water loans. The project aims to quantify this risk and allow anyone to adjust the models, integrate new protocols (data sources) and mainly to provide information so that this risk can be managed in a better way and new products can be built or current ones extended. Imagine being able to use any asset as collateral.

Carmine Governance

We believe builders on StarkNet should be laser focused on building their products and not on building tooling or features that are very similar or even the same across different projects. Just as builders don’t create their own IDEs, testing and deployment frameworks and so on, they should not be building their own governance (unless they have a good reason for it), token distributions or spend a lot of time on thinking about where and how to list their token. Spending time on these tasks diverts builders from what matters, especially in the early days of their projects. Simultaneously, there should be multiple options to pick from, the same way you have multiple IDEs, wallets, DEXes and so on.

We are building Governance that will be usable by any protocol on StarkNet. That will save on development time and guide developers through project token creation, token distribution, staking, listing and more. There is a lot ahead of us but we have already released a very early partial version and Carmine Options AMM is using it to guide its decisions.