50%
average score over 1 application evaluations
Creating Numo, an automated single-function market with embedded lending to enable on-chain, permissionless power perpetual markets for hedging Uniswap LP positions.
I am building Numo, a single function automated market with an embedded lending market to replicate the payoff of a power perpetual. As shown in research from Paradigm, higher order perpetuals can perfectly hedge the LVR/IL of Uniswap. By building a power perpetual as an automated market maker, each power perpetual is fully on-chain and permissionless. Thus, enabling a power perpetual market on any token and therefore an effective hedge on all Uniwap LP positions.
Numo History
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applied to the Uniswap-Arbitrum Grant Program (UAGP) 6 months ago of which the application is still in a pending state
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