About Y2K Coin
Y2K Coin Finance is a suite of structured products designed for exotic peg derivatives, that will allow market participants the ability to robustly hedge or speculate on the risk of a particular pegged asset (or basket of pegged assets), deviating from their ‘fair implied market value’. Users can deposit into Y2K vaults during the deposit period of the epoch.
After the deposit, funds are locked for the duration of the epoch. The deposit period spans over the first 2 days of the Weekly epochs, and the first 7 days of the Monthly epochs. Note that depeg protection is only initiated after the deposit period ends. If a depeg event happens during the deposit period the vault will not strike.
Y2K Coin Point Table
|Coin Name||Y2K Coin|
|Source Code||Click Here To View Source Code|
|Explorers||Click Here To View Explorers|
|Twitter Page||Click Here To Visit Twitter Group|
|Whitepaper||Click Here To View|
|Official Project Website||Click Here To Visit Project Website|
Earthquake vaults redefine a core traditional Financial product, catastrophe bonds (CAT), while applying the primitive to a native DeFi setting. A CAT bond is an instrument that pays the issuer when a predefined disaster risk is realized, such as a hurricane or an earthquake. Earthquake uses the CAT bond concept but applies it to a de-peg event for stable coins, liquid wrappers and other derivative products in DeFi.
Users can hedge against these assets de-pegging by depositing ETH collateral into the Hedge vault and receiving y2ktokens (Vault Tokens) in return. Initially, users can hedge against FRAX, USDC,USDT, MIM, and DAI de-pegging with weekly and monthly time periods. More assets will be supported in the future.
Users who are seeking to get exposure to the depeg risk market, would deposit in the Risk vaults, acting as an underwriter of depeg insurance. Depositors collect a pro-rata share of the premiums from the Hedge vault deposits, while creating a market for depeg protection for the Hedge vault. Upon depositing into the Risk vault an ERC-1155 token will be issued as a semi-fungible receipt of the deposit. The vault token will be tradable upon Wildfire launch.
Users who are seeking to Hedge against volatility in pegged assets would deposit in the Hedge vaults. Their deposit acts as an insurance premium that entitles them to a pro-rata share of the Risk vault deposits upon a depeg event. Upon depositing into the Hedge vault an ERC-1155 token will be issued as a semi-fungible receipt of the deposit. The vault token will be tradable upon Wildfire launch.
Determining Strike Prices
The methodology presented is for stablecoins pegged to $1. In order to determine the strike prices, they analyzed a variety of datasets, each spanning over the past few years. Using the datasets for the stablecoin insurance vaults we are implementing, they calculated a variety of metrics to determine the appropriate strike prices and maturities for the low, medium, and high risk payouts.
- Calculate the standard deviations for USDC, MIM, DAI, FRAX, and FEI
- Calculate the daily deviations from the mean ($1), excluding all outliers
- Calculate the frequency of breaking the variance threshold at various indicators (10bp, 20bp, 30bp, etc)
- Determine appropriate strike prices which align incentives from all interacting parties. This includes providing insureds appropriate protection, ensuring counterparties earn generous revenues, and protecting the protocol from mass liquidation events.
Why Choose Y2K Coin?
Since collateral is locked up for the duration of the vault cycle, this secondary market allows users to enter and exit positions in real time via its order book. Trades are made using signed transactions from the taker, and pushed on-chain when finalized by the taker via 0x Protocols contracts. These are battle-tested contracts that Y2K will leverage to give users the best trading experience.
Users after minting Vault Market tokens (ERC1155 tokens) can deposit these tokens inside StakingRewards to earn Y2K tokens. This is made to incentivize deposits in certain Vault Market Positions, and Y2K token rewards will vary depending on the Market conditions. Wildfire is the secondary market place that builds on top of Earthquakes tokenized vaults.
Where Can You Buy Y2K Coin?
Tokens Can Be Purchased On Most Exchanges. One Choice To Trade Is On PancakeSwap (V2) As It Has The Highest PROP/WBNB. e Trading Volume, $8,947 As Of February 2021. Next is OKEx, With A Trading Volume Of $6,180,82. Other option To Trade Include PROP/WBNB And Huobi Global. Of Course, It Is Important To Note That Investing In Cryptocurrency Comes With A Risk, Just Like Any Other Investment Opportunity.
Y2K Coin Supported Wallet
Several Browser And Mobile App Based Wallets Support Y2K. Here Is Example Of Wallet Which Y2K – Trust Wallet For Hardware Ledger Nano.
FAQ Of Y2K Coin
Where I Can Find Y2K Whitepaper?
You Can Find Y2K Whitepaper By Clicking Here.
Where I Can Buy/Sell Balancer Token?
You Can Buy or Sell Balancer Token On Some Popular Exchange For Example – Uniswap (V3) (Arbitrum).
What is Circulating Supply Of Balancer Token?
Circulating Supply Of Balancer Token Is N/A.