This testnet introduces Neon Hedge Platform to the Ecosystem.
Xeon Protocol's Ecosystem Comprises 3 OTC Platforms
Click on the sun to get started
We built an entire protocol from scratch to enable users to deposit and create OTC trades using any ERC20 token. Most of the development work for Neon Hedge is complete, we will only test, fine tune and experiment with monetary concepts that we think can be ground breaking. This is where you come in as the community to help in manifesting the cause: universal ERC20 hedging and lending.
To test this platform, you need testnet tokens.
The testnet page will tell you all you need about the test enviroment and network. goto testnet
-AI SEASON IS TRENDING
-AI COINS ARE PUMPING 20X
-NEW COIN LAUNCHES - $NEWAI
1. Capo sees 20x opportunity in $NEWAI
2. Buys $NEWAI tokens worth $200
3. Capo creates a call option using the deposited tokens: duration 6 months and charges $400 as cost, with a strike price 5X away from current price.
4. DegenX sees the OTC deal from Capo. He figures AI tokens will 20x in 6 months time since its a bull season. Even if the cost is double the current value of the $NEWAI bags, the strike price which is just 5X away can leave room for profit. DegenX sees a good chance to pocket all gains when the token price for $NEWAI goes above the strike price.
5. DegenX pays $400 to Capo for the call option on the $NEWAI bags. Capo receives that money, withdraws and uses it as extra liquidity to buy more $NEWAI tokens on Uniswap.
6. In 6 months time, $NEWAI is now 30X. The bags are now worth $6000. DegenX paid only $400 for the call option, all gains from the time the strike price was crossed, to current price, belong to DegenX. Capo only gets the difference and the $400 cost paid when hedge was bought.
7. Capo on the other hand had received $400 when his call option was bought, and used it as extra liquidity to buy more $NEWAI tokens. That $400 also increased in value 30X.
Win -win for DegenX and Capo.
This is an OTC protocol, that accepts deposits of any ERC20 and then allows you to write a Hedge or Loan request using those ERC20 tokens as underlying assets or collateral.
Step 1: Deposit desired ERC20 tokens into protocol.
Step 2: Go to the dApp OTC marketplace, write: Options, Equity Swaps, Loans.
Step 3: Once created it then appears on the OTC timeline, which displays all deal cards in real time. Wait for someone to come and buy the deal on offer.
Step 4: On expiry, the deal is settled either by the parties, or mined by third party miners. The proceeds are credited to the deposit balances of each party.
Step 5: Write or buy some more, or simply withdraw proceeds to your wallet.
Screenshots of our Dapp interface.
ERC20 standard legacy support. This is a simple approach to a very basic need. The solution needed to be direct in addressing the issues investors face with risk management & unlocking liquidity from their ERC20 tokens.
At the inception of this project, most developers were focused on bulding the most cutting edge new technology, whilst overlooking the opportunity to develop basic solutions for basic needs.
We built the protocol from the ground up, customizing every function to create a powerful core, which we can then add new features onto by simply intergrating more smart contract modules.
This simple approach to development enables us to leverage new technologies like AI in bulding more features into the protocol.
For instance, leveraging AI smart contract protocols, we can enable users to write their custom functions using AI generators and implement them in their OTC trades. All this can be built on top of our core protocol.
Custom made OTC solutions cover the basic fundamentals first, then evolve as new features are added on top of the base layer. Case in sight; Uniswap protocol in 2017, versus Uniswap protocol in 2024 and beyond.
