Friends, the development of DYMMAX is going forward at a fast pace. All thanks to your support and successful token sale, we have been able to enhance the development of our decentralized protocol for issuing DeFi options.
Now our development team is working in several key directions:
• finalization of the protocol core and deployment of updates designed to improve the performance of the protocol.
• testing the system in a real market
• adjusting security elements
• improve the user interface for mobile phone screens
• search and elimination of minor gaps in the database structures that form prices for DeFi-derivatives.
Several more areas of work are waiting for the team’s approval. Follow our updates and behold the creation of the first decentralized protocol for issuing DeFi options!
To understand the mechanisms inside the DYMMAX protocol, we want to talk first about the classic mechanism for maintaining the option contract quotes on centralized exchanges. This will allow you to visually feel the difference in the proposed technology.
On such exchanges as CME, NASDAQ, NYSE, there are market makers…
Want to learn more about the DMX project and have the chance to win $400 worth of DMX Governance Tokens?
ProBit Exchange will be holding an AMA session for DYMMAX on its Telegram channel.
This is a great opportunity to acquire knowledge about the project by asking questions to the team directly. At the same time, you will get the chance to win DMX tokens!
November 19, 2020, 17:00 KST
How to Join
To participate in the DYMMAX AMA, join the ProBit telegram channel: @ProbitEnglish
DYMMAX website: https://dymmax.com
DYMMAX Telegram group: @dymmax_chat
We are pleased to announce a strategic partnership with the ProBit cryptocurrency exchange, with which the DYMMAX team has found common ground. We are incredibly pleased that we found like-minded people among the huge number of blockchain market players. DYMMAX will host a series of rounds at ProBit to provide…
The volume of blocked assets in the DeFi sector continues to grow. According to DeFiPulse.com, the value has approached 12.4 billion over the past 3 days. This suggests that the prevailing opinion about the DeFi sector being a “bubble” on the market is now being questioned. …
In October 1997, Robert Merton and Myron Scholes were awarded the Nobel Prize in Economics for their formula for calculating the price of European options. Although Fisher Black also contributed to the development, his untimely death prevented him from sharing the honor.
The invention of the pricing formula has led…
DYMMAX (Dynamic market making auctions and exchange) is a decentralized protocol for issuing options for cryptocurrencies based on the parimutuel betting with fixed odds pricing model with possible secondary circulation of issued contracts in the form of ERC20 tokens.
The DYMMAX protocol was created to solve the following problems of…
DYMMAX: a protocol for creating unsecured cryptocurrency derivatives
Hello, we are the team behind the DYMMAX protocol, which aims to improve the cryptocurrency derivatives market and make it more liquid and established.
In the traditional financial market, derivative financial instruments, or simply derivatives, have been used for a long time…