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Solana-Based Exotic Markets to Launch First Dual Currency Notes & Accumulators on Deficiency

Exotic markets are eager to bring their flexible structured products protocol onto the Solana Blockchain.

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Solana-Based Exotic Markets to Launch First Dual Currency Notes & Accumulators on Deficiency

On Friday, February 18, 2022 at noon UTC, the team will launch an alpha version via DevNet platform.

Exotic Markets introduces never-before-seen products for the DeFi market, including accumulators and dual-currency products. Decentralized finance enthusiasts are looking for the most flexible, structured products. This is what the team aims to do. Protocol users have access to the most diverse payoffs in DeFi today thanks to this approach.

Dual-currency notes allow users to deposit tokens and receive a return tied to their performance. The Accumulator feature is a great way to diversify your portfolio. It allows you to purchase tokens at a lower price.

Exotic Markets users will be able to invest in these products using the five DevNet tokens the team will issue when the platform goes live.

Another feature worth exploring is the possibility to swap tokens. This is an important aspect of Exotic Markets vision. Five tokens will initially be supported: USDC, SOL, SRM and SOL. These tokens can be used to experiment with different investment products, and track their performance. Exotic Markets can also be used with popular Solana wallets such as Solflare and Phantom, providing an easier user experience.

To prevent users from linking multiple wallets, an anti-cheating system has been put in place. This is an alpha launch and the team plans to ensure user security. All participants will have a seamless experience by enabling an anti-cheating mechanism at protocol level.

DevNet's launch will introduce a leaderboard that allows users to track their performance in real time. NFT vouchers will be awarded to both the best and the worst performers. These vouchers can then be used for EXO tokens when the Exotic Markets MainNet launches. The most active platform users will be entered in a lucky draw to win NFT vouchers.

Any feedback from users is welcome at Exotic Markets. They are also open to new ideas and suggestions. Users can also report bugs using an on-chain reporting tool, which yields NFT vouchers for the most comprehensive reports.

Halborn, an elite blockchain cybersecurity firm, will conduct an audit of Exotic Markets Protocol in March 2022. Halborn is an expert in advanced pen testing and security audits of Layer 1 blockchain protocols. The Exotic Markets MainNet will be launched at the end March 2022, following the audit.

Exotic Markets raised $5 Million in a private round of investment in the latter part 2021. Investors included Multicoin and Ascensive Assets as well as Morningstar Ventures, Morningstar Ventures, Animoca Brands and Morningstar Ventures.

Information about Exotic Markets

Exotic decided to move wealth management and structured products from the bank into decentralized finance. Exotic can help you grow your crypto wealth. You can get a higher yield than ever before.


 

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