Carmine Options AMM
67%
average score over 1 application evaluations
The project addresses crypto risk through insurance, hedging, and monitoring. It offers tools for self-directed risk management, insurance solutions, and community governance within the DeFi ecosystem.

Carmine Options AMM has a simple goal. Take care of crypto risk.

Carmine community takes care of risk through insurance, hedging and monitoring. The boundaries are being pushed to close the gap with traditional finance.

The project offers a robust infrastructure that equips the community with advanced tools, promoting self-directed risk management, insurance solutions, and governance within the DeFi ecosystem:

DeRisk: A platform that facilitates independent risk monitoring and mitigation strategies, enabling users to safeguard their digital assets proactively.

Options AMM: A foundational tool for the community to create diverse insurance products, allowing for flexible risk coverage tailored to their needs.

Governance Framework: An accessible and customizable system that empowers any Starknet protocol to innovate with token creation, distribution, and staking, reinforcing community-led governance."

These open source products enable the creation of multiple other chain-agnostic solutions for protocols. And Carmine Options AMM stitches all of these together, being the powerhouse of the entire product suite.

Description: Through DeRisk, any protocol built on any chain, will be able to monitor the risk of liquidations.

Through Carmine Options AMM ( a unique open-source solution built by the developers at Carmine Finance), blockchain users and protocols can:

Hedge or insure against the risks that apply to them. Carmine Options AMM

The Carmine Options AMM allows users not only to buy, but also to sell options. This has strong 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.

Things that can easily be built 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 during price drops

  • Insurance against risk of under the water loans (shortfall events)

  • Moves us closer to solving the problem of capital efficiency in DeFi

Other use cases that can be catered to are listed here: 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 yet sophisticated open source tool built by the developers of Carmine Finance to monitor risks in DeFi. The high ambition project is already live on Starkent and will soon go live on Solana, and Stellar. The goal is to monitor, estimate and forecast risks associated with the behavior of DeFi protocols.

The first major risk that is being monitored is a risk of occurrence of under the water loans. The project quantifies this risk and allows anyone to adjust the models, integrate new protocols (data sources). The main objective is 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.

Konoha (Governance) 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.

Konoha 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 and we have already released a pilot version and Carmine Options AMM is using it to guide its decisions.

Certainly, here's a drafted roadmap formatted with bullet points, aiming for clarity and showcasing future initiatives:

Carmine Options AMM Roadmap:

Unlocking DeFi to. Institutional Bitcoin: One of the most ambitious steps that is currently in play is enabling DeFi to all of $2Trillion capital, which has so far eluded DeFi. The first leg of this progress is already underway.

Strategic Partnerships: Forge collaborative ties with leading protocols on L2s to enhance cross-protocol functionality and open up new utility avenues for users.

DeFi Spring Incentives: Actively engage and contribute to the ecosystem's liquidity and growth. This is solely pertaining to the Carmine Options AMM as one of the leading protocols on Starkent.

Influencer Collaborations: Engage with Key Opinion Leaders (KOLs) within the crypto space to boost awareness and adoption of Carmine Finance's offerings through authentic and educational content.

Campaign Partnerships: Launch joint campaigns with prominent bridging and wallet services to ease user onboarding and provide seamless experiences for liquidity provision and trading on Carmine Finance.

Carmine Options AMM History

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