Today you can trade on V2 terminal on Polygon and BSC (+Ethereum). We will deliver V3 terminal where also will be AURORA/Near within next 10 days.
MaticNews x DeltaTheta AMA Recap and Transcript
MaticNews: Another AMA based on a cross chain project after the big success of past ones! Let’s start with your and your team's introduction! What are your past experiences and roles? How many members currently work on deltatheta.tech ?
DeltaTheta: Our team has experienced traders, fintech experts, and crypto enthusiasts. Key memebers:
Danil Zatologin CEO of delta.theta
Professional trader with more than 15 years of experience on the stock and derivatives market in various brokerage companies.
Ilya Chesnokov, CTO of delta.theta
Full-stack developer and resident blockchain expert.
Experience in developing and supporting high-load applications.
Winner (multiple) of the Worldskills National Inter-university competition.
For the last 5 years, he’s been focusing on the development of fintech applications.
Pavel Savich, Head of Research of delta.theta:
7+ years of experience a researcher in crypto/fintech space. We are a total of 12 employees.
MaticNews: Out of curiosity, why did you choose this name? Is there any background story?
DeltaTheta: We decided to be deltatheta because these are key options greeks. delta - measures how much an option's price can be expected to move for every $1 change in the price of the underlying asset. Ant theta - tells you how much the price of an option should decrease each day as the option nears expiration, if all other factors remain the same (time decay)
MaticNews: What is Delta Theta? Please give us a brief introduction of the project and of the ecosystem.
DeltaTheta: Deltatheta - options DEX where any trader can buy and sell options on the most volatile crypto assets. We can provide service under brokerage house in the EU also. You can trade options on BTC and ETH as well as on 2nd tier tokens: BNB, AAVE, MATIC, DOT etc.
MaticNews: On what chain is currently available? Is there any plan to expand to new ones?
DeltaTheta: Today you can trade on V2 terminal on Polygon and BSC (+Ethereum). We will deliver V3 terminal where also will be AURORA/Near within next 10 days.
MaticNews: What are the current market issues?
DeltaTheta: Actually if we look in the investment bag of any trader, we can find that around 50% invested in strong 2nd tier tokens, like MATIC, DOT, etc. But the price significantly decreased.
MaticNews: How do you aim to resolve them?
DeltaTheta: You can hold, or you can stake. In the case of staking, you can get 3-5% APY. But with deltatheta you can get more, like 20% APY (in stablecoin!!!) as a CALL options seller. Moreover, with MaticX you may earn up to 50% APY on Matic; just check our Medium for more details.
MaticNews: Talking about your core, will you tell more about what is the use case of your native token $DLTA?
DeltaTheta: Folks, look at this ---> https://medium.com/coinmonks/options-for-liquid-staking-tokens-at-polygon-what-is-it-how-does-it-work-and-how-to-maximize-6288c2a81c3
DLTA is a utility token. So you pay trading and margin (in V3 terminal) fees. In addition, if you hold the appropriate amount of DLTA you can get a discount. If you look at supply, you can find that MM burn token. Thus, DLTA has a deflation model. MM means - market makers on deltatheta terminal.
MaticNews: What are the benefits of farmers and for traders?
DeltaTheta: As I mentioned, traders can buy and sell options. They can place market and limit orders. Moreover, we have an OTC desk where any trader will be satisfied. Feel free to reach our OTC desk --> https://t.me/deltatheta_TradingGroup
You can trade only covered options now, but in V3 will be margin options too. In addition, we have API but by request. In V3 terminal, we will deliver the opportunity to trade options on staked and LP tokens.
MaticNews: Is there any ETA for the V3?
DeltaTheta: 5th-10th August. Also in V3 there will be integration with AAVE.
MaticNews: Would you like to explain us the difference between your lite and pro terminal?
DeltaTheta: Initially, PRO was for traders, but we improved UX/UI, and now this terminal is targeted at all clients.
MaticNews: Next is tokenomics! What is yours and why did you choose it?
DeltaTheta: We already unlocked around 50% of the total supply (IDO was last July). As you see, we are working protocol with revenue and precise token functionality with the deflation model.
MaticNews: Are there any fees while using your protocol?
DeltaTheta: Sure, you pay from 0.25% to 1% of trading volume per trade in DLTA or stablecoin. This is our revenue.
You cand find all information about trading volumes on deltatheta on DappRadar ---> https://dappradar.com/multichain/defi/delta-theta
MaticNews: Talking about the security side, the clichè question that we ask in all AMAs: are there any audits or KYC done?
DeltaTheta: We passed 3 audits. 2 audits from Hacken and 1 audit from Cyber Unit Tech.
MaticNews: Talking about the future, do you have a road map or long-term plans that you can share with us?
DeltaTheta: Sure! We are delivering V3 terminal in August, and then we will focus on the structured products module with a focus on retail clients (Q4 22). We have launched deltatheta on NEAR in our plans also (Q2 23).
MaticNews: And the last question will regarding your opinion: What do you think about the current market moment?
DeltaTheta: Bearish market. I believe that strong projects with revenue, customers, and good tokenomics will be the next unicorns in the bull run in 2024.
MaticNews: No doubts about that. May be also we are gonna start soon to turn, what do you think?
DeltaTheta: I don't think before December.
MaticNews: Would you like to add something more?
DeltaTheta: Yes, I would like to repeat that with deltatheta you can get more, like 20% APY (in stablecoin!!!) as a CALL options seller. Moreover, with MaticX you may earn up to 50% APY on Matic; just check our Medium for more details. Morever, if you have any questions: how to trade just ask us.
MaticNews: Thank you for joining this AMA!
DeltaTheta: This was cool, thank you for having us!
Aug 2, 2022