TUBATA Token Economics
Platform Currency
SBS is the default currency for the STRUCTURE platform. Users can use SBS to pay for transaction fees and also to purchase option products. Transaction fees will be collected into a reserve fund, and the use of this fund will be decided upon via decentralized governance.
User Incentives
To encourage users to deposit assets and incentivize a positive feedback loop, there will be token incentives paid out in SBS. It is important for the platform to have initial liquidity to enable the option products to have accurate pricing and optimum profitability.
Governance
SBS will function as a governance token for the STRUCTURE platform. SBS holders will collectively propose and vote on which assets to support, which protocols to integrate, fee ratios, use of reserve funds, and more.
Token Distribution
22.5%
Token Sales
9.8%
Marketing
31.1%
Ecosystem Growth
6%
Advisors
25.6%
Liquidity Provider
5%
Team & Reserve
Team
Kent Osband
Kent has 30 years of experience in monitoring strategic risks for major investment firms, international financial institutions and think tanks, including Fortress Investment Group, Goldman Sachs and the International Monetary Fund. He graduated magna cum laude from Harvard, holds a PhD in economics from UC Berkeley, and is the author of three books on financial portfolio risk.
Serge Levin
Serge has nearly 20 years of experience in managing structured product issuance, trading and sales. Previously, he was a quantitative trader at Point72 and managed structured product portfolios at Nomura, Citi Bank and Morgan Stanley. He holds a PhD in Biophysics from the Albert Einstein College of Medicine.
Evelina Lavrova
Evelina has about 15 years experience in Business Development and Marketing. Prior to joining Structure, Evelina was a Global Marketing and PR of Waves and Gett. Evelina was featured in Forbes and Thrive Global. In 2017, she was nominated in Top 10 Women In Crypto by Core Magazine.
What is Structure?
Built on Ethereum and BSC with Layer 2 Scaling
Structure chose ETH and BSC for compatibility with other DeFi protocols. It also chose layer 2 protocols to provide better user experience for trading.
Palette for Users to Create Structured Products
The beauty of DeFi applications as compared to traditional finance is that all the protocols are permissionless and open source. Structure will support major DeFi protocols for user created applications.
More Product Options for DeFi Users
Structure offers structured products like double no-touch options and straddle options to give DeFi traders more options.
Double No-Touch Options
Structure Finance will offer ‘Double No-Touch Options’ for major cryptocurrencies. Users can trade these options by purchasing a special DNT token. DNT options have a set expiry date, and a predetermined maximum loss and maximum gain.
How DNT Options Work:
A DNT option is a wager that an asset’s price will stay within a certain range over a certain period of time (i.e., ‘Ethereum will stay between 2500 USD and 3500 USD for the next month’)
The user knows the cost of the option up front, which is paid as an option fee. This fee is the maximum loss for the wager.
The user knows the payout on the option up front, which represents their profit (minus the option fee) if they are correct
DNT Options are an example of ‘binary options’ which are popular because of their certainty — you know beforehand that you will either win x amount or lose y amount
cryptocurrencies datacirclecrystal
Straddle Option
A Straddle option simultaneously buys a put (short) option and a call (long) option for an underlying asset with the same strike price and the same expiration date.
While this may sound complicated, a straddle option is essentially the opposite of a DNT option. If the asset price moves far enough above or below the strike price, a point is reached where the payout on one of the options is more than the combined cost of both options. A person who buys a straddle option is speculating that an asset will have a big price move in either direction.
How Straddle Options Work:
A straddle option is a bet that an asset’s value will fluctuate far enough from a set ‘strike price’ to overcome the cost of the option and generate a profit
For example, a user can purchase a one month straddle option for Bitcoin at $56,000. The option fee is the maximum loss for the wager
After a month, if Bitcoin’s price has moved far enough below or above $56,000, the user will make back the option fees they paid in the previous step plus more (their profit)
Decentralized Oracle
Initially, Structure will integrate with decentralized oracle service providers to get external price data for the structured products.
Offchain Workers
As Substrate ecosystem is more mature, Structure will use offchain workers module for obtaining external data.
Other Protocols
Structure will also support other DeFi protocols and receive price data directly from those platforms such as Uniswap.
