Defi derivatives protocol for NFT collections.
Our proof-of-concept illustrates the use of a new defi primitive: rolling perpetual futures based on non-fungible collections.
GOALS: Our goal for this hack was to create a working proof-of-concept for the Mimicry protocol by forking Synthetix. Features we hoped to include were:
WHAT HAPPENED: We went far down that road of forking Synthetix but ultimately decided to leverage our own custom contracts and Scaffold-Eth instead. As a result our demo didn't fully implement the global debt pool, yield farming, and oracles that we had planned.
Nonetheless, we completed the following features:
WHAT WE LEARNED: We were very ambitious in our planned features. We also learned that there is a strong need for an industry standard way of valuing NFT collections. Additionally we now deeply understand the Synthetix codebase and how we can improve upon its design for our use case.
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