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AMA RECAP : DeFi Raccoons x Delta.Theta

Date : 4 JUNE 2021
Host : SB
Guest :Delta.Theta Team (Danil — CEO , Maks Dexel — CMO)

INTRODUCTION.

SB | Admin @DeFi_Raccoons:

Hello everybody, thank you for joining us today for another DeFi Raccoons AMA session! Today we’ll be talking with the team from Delta theta.

An ecosystem of products for protection and making money for farmers in the BSC network.

@deltatheta_tech is a peer-to-peer asset option trading platform.

Please be so kind to introduce yourselves to the Raccoons!

Danil:

I’m CEO of delta.theta.

Maks Dexel:

Hello,

nice to meet you and the community!

My name is Maks and I’m CMO of delta.theta

SB | Admin @DeFi_Raccoons:

Are you ready for the ride through Raccoon land

Danil:

Yes, we are ready)))

SB | Admin @DeFi_Raccoons:

Here we go with our first question.😁

Ok, once again welcome, glad to have you with us today! We like to start off with an elevator-pitch for the people that haven’t yet heard of Delta .Theta — Tell us what Delta theta is and what are you guys trying to showcase?

Danil:

delta.theta — p2p options DEX. We made 2 terminals: LITE and PRO. LITE is made as a marketplace for farmers. PRO terminal is already a terminal for traders. And every trader can find in PRO version all what is needed for full-fledged options trading.

Now the terminals work on BSC and Ethereum testnet (starting next week)

SB | Admin @DeFi_Raccoons:

Wow… amazing 🔥

Delta theta has 2 versions. Right!!

What are the main differences between Lite and Pro version?

What was the need to make 2 different versions?

Danil:

Right! By using delta.theta LITE, in 3 clicks any farmer can qualitatively increase his APY by choosing a simple ready-made risk management scheme.

Our product solves two major pains of “farmers”: 1. First, through delta.theta, farmers buy protection during the farming period. 2. Efficient capital management. Options allow them to participate with less capital leverage. We started out with a simple one — by allowing farmers to sell options. You sell an option — and you make money. We give the farmer an opportunity to make money on his desire to use his own capital more efficiently.

An additional target audience is active traders who need the following unique functionality: 1. tools — the platform provides the flexible response to demand. Adding a new asset to trade is possible within a few hours. 2. Liquidity — we have a commission system, oriented on the liquidity provider in the order book, incentive system for liquidity delivery through Liquidity Incentivize Programme, as well as our own pool of market makers. 3. Analytics — we do analytics, where we express our personal opinion. Of course, it is not a recommendation to buy or sell this or that asset. But we are sure that it can be very useful for traders.

SB | Admin @DeFi_Raccoons:

Can you explain this in simpler words

For instance a no coiner may be present among us.

Maks Dexel:

> What was the need to make 2 different versions?

The need was pretty obvious we wanted to target both big segments of audience — farmers and traders. So, for farmers we’ve got a really nice and easy to understand interface in LITE version, and for traders we’ve got a PRO terminal with interface of a typical option trading terminal from classic market with TV and delta values and all the metrics needed for a professional-level options trader

Danil:

Sure, LITE terminal is for farmers. This terminal looks like a marketplace with key strategies for farmers: to get protection, to buy cheaper and to sell higher. PRO terminal is for traders. This terminal has all necessary features: offset deals, limit/market orders, greeks, etc.

SB | Admin @DeFi_Raccoons:

Nailed it…

Perfect answer

I think you are developing Raccoon mentality 😂

Danil:

))))

SB | Admin @DeFi_Raccoons:

Please tell something about your core team? How many of you are working on Delta theta, how big is your dev team at the moment?

Maks Dexel:

We don’t have a super large team, but we have a strong background in trading, and in fintech in general.

Danil Zatologin, CEO of delta.theta:

worked for over 15 years as a trader on the stock and derivatives market in various brokerage companies.

Ilya Chesnokov, CTO of delta.theta:

Full-stack developer and resident blockchain expert.

Experience in developing and supporting high-load applications.

Winner (multiple) of the Worldskills National Inter-university competition.

For the last 5 years, he’s been focusing on the development of fintech applications.

Gleb Chuvpilo, COO of delta.theta:

Serial Entrepreneur & Investor.

AI @ MIT & MBA @ Wharton.

Alum of Y Combinator (CEO @ Authy, Winter 2012 Batch)

Portfolio Manager @ Clarium Capital (Peter Thiel’s global macro hedge fund).

Software Engineer @ Palantir Technologies (built Artificial Intelligence algorithms for Palantir Metropolis).

Maks Nedobor , CMO of delta.theta:

Fintech and blockchain product marketing lead with 4+ years of experience.

Strong product marketer, who knows the real power of blockchain and community.

Worked in a number of the famous crypto enterprises on their product/platform marketing and market entries.

SB | Admin @DeFi_Raccoons:

When did you guys enter Crypto field

Just curious 🦝

Danil:

6 years ago

SB | Admin @DeFi_Raccoons:

The early guys

Still holding BTC bought in 2015

Let’s talk about the project itself now,

Strategic partnerships wise who is helping your project to attain its goal .

From where did you get the funding of your project?

Danil:

We are very grateful to our partners and investors: DAO Maker, 3Commas, Incrypted, Alex cp0x

SB | Admin @DeFi_Raccoons:

Big investors I see

Security should be the top priority for a project like Delta Theta. How secure is the platform?

How do you safeguard the interests of farmers and traders?

Danil:

You are absolutely right rerading security! Security is a key priority for us. We successfully passed the technical audit by Hacken, and we are now working with a second team of auditors.

SB | Admin @DeFi_Raccoons:

Why did you choose Hacken for first instance

Maks Dexel:

I’d like to add, that we’ve undergone the platform audit, and got an opinion that our platform is working as intended

we’ve chosen Hacken because of their long-lasting reputation of market professionals and ability to move together with us, keeping in mind the extremely ast pace of development of our platform and our personal requests to audit process

SB | Admin @DeFi_Raccoons:

As the crypto market is expanding, we are seeing the hot topic is NFT. Do you guys have any plan to jump into one of the most competitive segments of the crypto market right now?

Danil:

The uniqueness of delta.theta is that we can add any asset/contract to the terminal within 1 hour. So, if there is NFT on Ethereum or BSC and someone wants an option on it — write to us. In general, our idea is that by the fall any delta.theta user can trade options on any type of assets.

SB | Admin @DeFi_Raccoons:

So NFT Possibility is open

How does delta.theta help to protect your assets from being dumped?

What is the mechanism behind this feature of your? Please explain.

Danil:

Each order (of any format) represents an entry in a large linked list in a contract with fixed parameters. In both types of orders a hundred percent coverage of further transaction is blocked. The Limit order creator can change the number of contracts and the expiration date of the order. In this case if he changes it to the lesser side — the blocked asset is returned to him by the requested back quantity of contracts, if he changes it to the greater side — additional funds are blocked.

A market order has only one function — the function of execution. Either party can execute an option, but under the appropriate conditions. The Buyer — before the expiration date (including the expiration day before 23:59:59. Time zone — UTC), the Seller — after the expiration date.

The Seller returns the blocked asset upon successful execution and additionally receives the Seller’s premium (which was paid by the Buyer). The buyer, on the other hand, if the option is successfully executed (additional condition — the price in DEX corresponds to the conditions. in CALL — the price is above the strike, in PUT — the price is below the strike) receives the difference between the buy/sell price at the existing rate and the strike rate. Execution of option on request from buyer implies automatic exchange of locked assets (sale of asset with Call option type and purchase of asset with Put option type) and further distribution of assets between the parties (Buyer, Seller of option).

SB | Admin @DeFi_Raccoons:

In terms of value capture, what is the tokenomics of delta token, and how do you stimulate the users to hold your token in the long run?

What is the usecase of your token?

Maks Dexel:

Ticker: DLTA

Blockchain Network: BSC & Ethereum

Token Supply: 100,000,000

Project Valuation: $9,000,000

Initial Token Circulation: 7,700,000

Initial Market Capitalization: $693,000

Total Raise (All Rounds): $1,912,500

DAO Pad Platform Raise: $300,000

What is the usecase of your token?

The delta.theta token has a utility function.

First of all, any platform user with a token receives a discount based on the volume of tokens available (discounts are applied to the appropriate order type). You hold more tokens, and pay less fees for your platform actions.

Secondly, the delta.theta token can be used to pay for analytical services of delta.theta. Soon, our now-free-access reports would migrate from Medium to a separate website section accessible only by token holders.

Third use case is paying for the access to trading pairs/strikes. We don’t limit users of PRO terminal in their actions, though put limits on the amount of pairs traded from a non-token holding wallet to 2 trading pairs and TOP-3 Strikes per OI. Holders of $DLTA will have unlimited access to pairs and Strikes.

SB | Admin @DeFi_Raccoons:

Where do you plan to list your token and IDO event

Danil:

CEX+ DEX/ we will make announcement later. Regarding IDO — DAO Maker.

SB | Admin @DeFi_Raccoons:

Great news

DAO MAKER is indeed 👌

So, what’s your plan for the year!

Can you please put some light on your Roadmap. What are your goals?

Are you still on schedule for these updates to go live, as COVID -19 has hampered many projects?

Maks Dexel:

We’re not just on schedule, we’re skyrocketing fast in developing our platform. We’ve recently published our updated roadmap (link). We’re going to have the platform live in the near future. Also, we plan to have at least 1 major platform update within the 3–4 months from now.

Can’t share the details, but people would definitely like it.

In terms of COVID-19 impact, we’re a fully distributed team — so COVID didn’t really matter a lot for our productivity. We’re moving ahead really fast and willing to deliver the easy and understandable, yet advanced, options trading terminal to the crypto community.

SB | Admin @DeFi_Raccoons:

And lastly, can you tell us a bit more about your competitors? How are you different and better than your competitors?

Maks Dexel:

The answer is pretty simple, we’re not supportive of the idea of arranging options trading using the LP approach, which is the only available thing now for DEX options.

Having the order book is crucial for options markets, as you won’t be able to trade options prominently without having your own opinion on the buy and sell prices of your strategy. LPs and AMMs can’t give you a necessary toolkit to build your trades and positions.

Do you have anything else to share

Maks Dexel:

Sure,

we’d like to invite you to continue the communication with us! We’re constantly publishing huge amount of trading ideas and analytics, so be sure to subscribe to our socials and visit the website

Official website: https://deltatheta.tech

CoinGecko: https://www.coingecko.com/en/coins/delta-theta

Twitter: https://twitter.com/deltatheta_tech

TG NEWS (EN) : https://t.me/DeltathetaNEWS

TG chat (EN): https://t.me/deltatheta

TG NEWS (RU): https://t.me/deltathetanews_ru

TG chat (RU): https://t.me/DeltathetaRU

Also, I can tease you smth undisclosed, yet super cool — we’re having our branded trading view and etoro accounts launched today. So everyoe would be able to check our trading ideas and reviews. Be sure to subscribe to our channels to not miss the official announcement!

LIVE AMA QUESTIONS.

🟧🟧🟧🟧🟧🟧 Lionel Messi 🟪🟪🟪🟪🟪🟪:

When I check your partnerships on your twitter account, I see that your project has already have partnerships with several partners. Could you please tell us the motivations with partnering them? Also could you please share the investments of these partners into the project? And what are the upcoming plans for the future with your partners?

@maksdexel @badgerlv

Maks Dexel:

Partnerships in have been made shifted to almost pure-hype purpose

we’re against this approach. Every parntnership announcement is not just a marketing text — it’s a hard work between two or more teams on the same goal.

Regarding investments, we can’t reveal the actual deal sizes with all seed and private investors, but what’s more important to mention is that you’d never see any VC funds there who will then create a sell pressure on our token. Our seed and private stages was closed only with the partners who would bring real added value to our product and platform, rather than just participate in hype/pump train and dump the token on every unlock.

Cezarchin 💳:

If I understand correctly, it will be possible to hedge my position via Delta.Theta in a certain new farming contracts or NFT’s, but what incentivices liquidity providers will have to serve these orders on new (=risky) assets?

Danil:

Good question! Yes you can trade options on any assets/contracts/NFT for appropriate blockchain on delta.theta. On delta.theta we have LIP it means, that if you place maker order (like a seller) — you can deposit your cover in Compound/Venus. Regarding sellers, in my view next big step for NFT will be ability to deposit NFT on Compound/Venus.

Anuar Bai:

If I prefer a classic way to hedge my position just by open new order in opposite side: what are the advantages and benefits I can get by hedge risks using options on your platform?

Danil:

You pay for short. In options, you can create a strategy with less capital involvement. For example, you believe in growth from this level of price. You can sell put option (+ premium) and buy a call option (- premium). In general, you can participate in growth for free.

Lovely_DC 💋:

Delta theta makes 2 terminals: LITE and PRO. So what are the advantages of each version? And what is the difference between the 2 Versions on the betting system? What are the requirements to become a buyer and a merchant on your Platform? And is there a reward system mechanism in each Version?

Maks Dexel:

So what are the advantages of each version?

LITE is “supereasy” to understand. It has different namings of available tools, which are familiar to average crypto users — for example instead of SELL PUT option it says an undestandable “Buy Low” order and a farmer or average crypto fan understands the idea behind it.

PRO terminal is in fact a traditional options trading terminal from classic markets.

And what is the difference between the 2 Versions on the betting system?

There is no difference. In fact, LITE and PRO terminals are just different user interfaces to comit similar actions. The order book of them is the same. And if you would place an order in LITE terminal, you’ll be able to see it i PRO and visa verse.

What are the requirements to become a buyer and a merchant on your Platform?

We’re a DEX platform, so having a wallet with balance i supported assets and Metamask or similar extension is enough to become a buyer or a merchant on the platform. You can apply for special connditions tied to your trading volume though.

And is there a reward system mechanism in each Version?

There isn’t any “farming reward” system on our platform, though there may be some point in future, when tokens holders will get certain ways to utilize their tokens in an efficient way

Min Min:

Every blockchain-based projects showcase the benefits of their platform. In the case of Delta . theta , what can users benefit from and gain from the platform?

Danil:

A. Protection for DeFi Farmers

As DeFi TVL grows, the need for price insurance becomes greater. Such solutions are primarily offered in the form of options. However, on-chain solutions for options charge substantial premiums, are limited to Ethereum, and fail have sufficient liquidity. Delta.theta uses the highly liquid options markets across all major CEX (Binance, Deribit, and OKEx) and funnels that liquidity on-chain.

The lite version provides protection against price loss to farmers beyond Ethereum.

B. DeFi for Expert Traders

DeFi largely revolves around spot trading. Protocols like Aave and Compound provide simple margin options too. The average trade on most CEX, though, is over 20x leverage. Options can provide:

- extreme leverage

- hedging

  • strategic trading

Mark LEO:

Investors suffer from too much supply because some teams are malicious. Can you talk about your tokenomic distribution? How many tokens will be issued and what will be their supply?

Danil:

Regarding supply you can find all necessary information -> https://daomaker.com/company/delta-theta

Group’s Description:

An investor community for everything related to DeFi, NFT, IDO, Blockchain, and much more. We share our analysis, fundamentals and hold AMAs with all sorts of projects!

That’s all we have time for today, until next time, consider joining our socials underneath to join our DeFi Discussion!

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Now for a disclaimer — I’m not a financial advisor, anything you read on my Medium isn’t financial advice, it’s a log of myself doing due diligence on projects, please verify any and all information presented (error reporting welcome) and make your own decisions.

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SB

SB

cryptocurrency enthusiast,WRITER and reader.