Generalize
Information
Information
What Is Premia (PREMIA)?
Premia (PREMIA) is a decentralized token that aims to be the next generation options automated market maker (AMM) provider and metavaults. It aims to deliver the best prices to users while bringing peer-to-pool derivatives trading and capital efficiency to decentralized finance (DeFi) options.
Premia facilitates the buying and selling of options, allowing users to earn market yield on DeFi assets and offers protection to users through the hedging of risks. With the goal of providing universal access to the top DeFi products, Premia is powered by a financial infrastructure that features permissionless access to all users. Premia also has a heavy focus on research, with one of its goals being to offer open access to the top research and innovation in the DeFi world.
The Premia network utilizes social media network platforms for greater accessibility and ease of usage, such as a Telegram channel where users can get fast updates. Premia also provides information to users, both current and potential ones, through its Medium blog and Twitter account. It also engages with its community of users on Discord and Github.
Who Are the Founders of Premia (PREMIA)?
The developers of Premia are currently semi-anonymous, which is not uncommon for projects like this in the crypto space. The team goes by the collective name of members of the Premia republic. They have currently not announced any plans for doxxing at the moment.
What Makes Premia (PREMIA) Unique?
Premia is unique in that it is built on a DeFi-native options architecture.
This features market-sensitive pricing to allow for fair pricing based on supply and demand. It also uses a continuous on-chain reinforcement learning algorithm to achieve crowd-sourced pricing, so that it can hit the target market price and liquidity utilization rate. Finally, it promises capital-efficient markets that even the least liquid tokens can achieve fair market price while using the least amount of capital.
With its strong market-centric mechanisms, PREMIA tokens are distributed to stakeholders based on the size of their position and the economics of capital, driving prices toward market clearing amounts.
Compared to other peer-to-pool options protocols, Premia stands out because it prices options on market activity to ensure optimal pool utilization and offers risk management to liquidity providers. Premias liquidity pools are unique in that there is selectivity in the markets they overwrite, which deviates from other tokens that overwrite the entire market. The way the liquidity pools are designed allows for lower slippage when the first options are purchased from the pool. In addition, the liquidity pools are designed to strategically give out funds across the base level Put/Call pools. These smart pools are entrenched with numerous strategies and dynamic adjustments. Examples of such strategies include shorting volatility for specific assets and options arbitrage between different platforms.
Liquidity pools also feature fair accounting that takes into consideration the duration of time that users and their capital have spent in the pools, such that liquidity is arranged in a first-in first-out sequence.
Related Pages
Learn how to protect your crypto holdings and increase your crypto wealth using options here.
Learn how to hedge against impermanent loss with this guide by FinNexus.
Find out more about pooled liquidity in DeFi options in this deep dive.
What is web 3.0? Click here and find out.
Visit BYDFi Alexandria to learn everything you need to know about cryptocurrency and more.
How Many Premia (PREMIA) Coins are There in Circulation?
As of October 2021, there are 10.6 million Premia coins in circulation, out of a total maximum supply of 100 million coins.
How Is the Premia (PREMIA) Network Secured?
Premia has been audited and passed its security check by CertiK.
Can Premia (PREMIA) Coin Hit $10?
As of Oct. 14, 2021, the current value of PREMIA tokens stands around $2.75, almost increasing by 3X from the price of $0.90 on Oct. 10, 2021. Given the PREMIA exponential price rally, it might have the momentum to rally even further. A $10 price would imply a 3.6X increase from the current price, which should not be hard to achieve if Premia is able to continue gathering momentum and gaining more users on its platform.
Where Can You Buy Premia (PREMIA)?
Premia is listed on several cryptocurrency exchanges. Among them: Sushiswap, 1inch Exchange, Hotbit and Hoo.
Cryptocurrency newbie? You can read more about how to enter the market and how to buy BTC, PREMIA or any other token on BYDFis very own educational portal — Alexandria.
Answers
What Is Premia (PREMIA)?
Premia (PREMIA) is a decentralized token that aims to be the next generation options automated market maker (AMM) provider and metavaults. It aims to deliver the best prices to users while bringing peer-to-pool derivatives trading and capital efficiency to decentralized finance (DeFi) options.
Premia facilitates the buying and selling of options, allowing users to earn market yield on DeFi assets and offers protection to users through the hedging of risks. With the goal of providing universal access to the top DeFi products, Premia is powered by a financial infrastructure that features permissionless access to all users. Premia also has a heavy focus on research, with one of its goals being to offer open access to the top research and innovation in the DeFi world.
The Premia network utilizes social media network platforms for greater accessibility and ease of usage, such as a Telegram channel where users can get fast updates. Premia also provides information to users, both current and potential ones, through its Medium blog and Twitter account. It also engages with its community of users on Discord and Github.
Who Are the Founders of Premia (PREMIA)?
The developers of Premia are currently semi-anonymous, which is not uncommon for projects like this in the crypto space. The team goes by the collective name of members of the Premia republic. They have currently not announced any plans for doxxing at the moment.
What Makes Premia (PREMIA) Unique?
Premia is unique in that it is built on a DeFi-native options architecture.
This features market-sensitive pricing to allow for fair pricing based on supply and demand. It also uses a continuous on-chain reinforcement learning algorithm to achieve crowd-sourced pricing, so that it can hit the target market price and liquidity utilization rate. Finally, it promises capital-efficient markets that even the least liquid tokens can achieve fair market price while using the least amount of capital.
With its strong market-centric mechanisms, PREMIA tokens are distributed to stakeholders based on the size of their position and the economics of capital, driving prices toward market clearing amounts.
Compared to other peer-to-pool options protocols, Premia stands out because it prices options on market activity to ensure optimal pool utilization and offers risk management to liquidity providers. Premias liquidity pools are unique in that there is selectivity in the markets they overwrite, which deviates from other tokens that overwrite the entire market. The way the liquidity pools are designed allows for lower slippage when the first options are purchased from the pool. In addition, the liquidity pools are designed to strategically give out funds across the base level Put/Call pools. These smart pools are entrenched with numerous strategies and dynamic adjustments. Examples of such strategies include shorting volatility for specific assets and options arbitrage between different platforms.
Liquidity pools also feature fair accounting that takes into consideration the duration of time that users and their capital have spent in the pools, such that liquidity is arranged in a first-in first-out sequence.
How Many Premia (PREMIA) Coins are There in Circulation?
As of October 2021, there are 10.6 million Premia coins in circulation, out of a total maximum supply of 100 million coins.
How Is the Premia (PREMIA) Network Secured?
Premia has been audited and passed its security check by CertiK.
Can Premia (PREMIA) Coin Hit $10?
As of Oct. 14, 2021, the current value of PREMIA tokens stands around $2.75, almost increasing by 3X from the price of $0.90 on Oct. 10, 2021. Given the PREMIA exponential price rally, it might have the momentum to rally even further. A $10 price would imply a 3.6X increase from the current price, which should not be hard to achieve if Premia is able to continue gathering momentum and gaining more users on its platform.
Where Can You Buy Premia (PREMIA)?
Premia is listed on several cryptocurrency exchanges. Among them: Sushiswap, 1inch Exchange, Hotbit and Hoo.
Cryptocurrency newbie? You can read more about how to enter the market and how to buy BTC, PREMIA or any other token on BYDFis very own educational portal — Alexandria.
Coin ranking
Popular Q&A
- Can you explain what Premia is and how it functions within the cryptocurrency industry? What are its key features and benefits?2021-12-01
- What advantages does premia crypto offer in the digital currency market compared to other cryptocurrencies?2021-12-01
- What is risk premia and how does it relate to the cryptocurrency industry?2021-12-01
- In what ways can premia crypto be utilized to improve the safety and protection of cryptocurrency transactions?2021-12-01
- Can you provide a detailed explanation of the fees and charges that are involved when using premia finance for buying and selling cryptocurrencies? I would like to understand the costs associated with this platform.2021-12-01
- Can you explain the advantages of choosing Premia over other decentralized options available in the cryptocurrency market? How does it stand out from the competition?2021-12-01