iDOL is a stable coin backed by ETH derivatives.
Fully decentralized, censorship-resistant, no governance.
Stabilization through market mechanisms acting on arbitrage opportunities.
Backed by ETH derivatives.
An LBT (Liquid Bond Token) is essentially a call option on ETH.
You can create 2x leveraged long positions on ETH without liquidation and margin calls during flash crashes. There is no counterparty risk either, because everything is Peer-to-Contract with no middleman.
Lien aims to eliminate all aspects of governance and centralization of authority.
Lien does not have the following;
- Parameters that can be altered
- Governance tokens
- Admin Keys
- Admins
The three core features of LIEN are Tokens (iDOL, LBT, SBT, LIEN), DEX (FairSwap), and the Lien protocol.
The Lien Protocol is the smart contract that makes the bifurcation (tranching) of ETH into a stable coin and a call option possible.
Users can create, trade, and use stable coins and options created from ETH, without worrying about counterparty risk.
The Lien project is completely decentralized.
There are no adjustable parameters or any governance schemes that can create centralization of authority.
Creating financial products such as derivatives had been something that only a handful of powerful institutions could do.
With the advancement of financial theory and innovations with blockchains and smart contracts, there is no limit to what is possible.
Lien removes the barriers to entry and allows anyone to create derivatives based on the user’s specific risk appetite.
Lien’s goal is to provide tools that were only available to a selected few.
Anyone can build unstoppable financial applications for everyone to use and benefit from.
This new world is transparent and fair.
Lien brings financial creativity to all.
We are not a team; rather we are a protocol.
Don’t trust us, verify the code.
iDOL is an ERC20 token that is programmed to be stable against the US dollar. iDOL is purely backed by ETH derivatives and does not use centralized assets as collateral. Stabilization of the iDOL price is achieved through market mechanisms acting on arbitrage opportunities. The Lien Protocol is governance-free and therefore iDOL tokens are censorship resistant.
LBT is essentially a call option on ETH that performs as a 2x leveraged ETH token. If you are bullish on the price of ETH, you can create leveraged long positions by holding LBT. As with call options, you don’t have to worry about margin calls and liquidation during flash crashes.
You do not need an account to use Lien. You will need an Ethereum wallet. Lien currently supports several wallets such as Metamask.
Lien provides several arbitrage and liquidity providing opportunities that sophisticated traders will find interesting.
1. Provide liquidity on FairSwap and earn fees. 80% of fees collected from user transactions on FairSwap are paid to Liquidity Providers. The remaining 20% get distributed to Lien Token holders.
2. Seek arbitrage opportunities on FairSwap. iDOL and LBT can be priced using models such as BSM (Black Scholes Model).
3. Participate in Auctions. SBT, or Solid Bond Token, is an ETH derivative that acts as the collateral for iDOL. Upon maturity, SBT will be redeemable in ETH at a predetermined rate (i.e., the strike price). You can participate in an auction and see if you can pick some SBT at a discount and redeem them for ETH.
Reach out to us if you are interested in participating in our Pro Market Maker Program.
There is no team, there is no governance, there is no central point of authority.
There is only code.
Please verify the code.
You can read about our Back Story in an interview article that got published on Defi Prime.
The Lien Protocol relies on price feeds from external sources in maintaining the stability of the price of iDOL.
We carefully deliberated different solutions that were available at the time the Lien Protocol was being developed and ultimately decided on using Chainlink as the oracle.
Chainlink is one of the most widely used oracle solutions in the industry, known for its robust and reliable data feeds.
You can learn more about Chainlink in the link below:
https://chain.link
Create Stablecoins and Options out of ETH and start trading now
A protocol for creating Options and Stablecoins out of ETH