Horizon Academy
English V3
English V3
  • Horizon Academy
  • Horizon Protocol
    • Introduction
      • Tokenomics
      • Business Model
      • Synthetic Assets - zAssets
    • Security Audit
    • Community
      • How to Initiate a HIP
      • HIPs
        • HIP-23 Revenue Sharing Model: Intent-based System Phase one
        • HIP-22: Create a zUSD - USDC pool on Pancakeswap V3
        • HIP-21: Stop Incentives to the zBNB - BNB pool on Wombat Exchange
        • HIP-20: Suspend zMATIC Market and Introduce zPOL Ahead of MATIC to POL Migration
        • HIP-19: Temporarily reduce C-Ratio to 350%
        • HIP-18: Add DOGE and SHIBA to Horizon Futures
        • HIP-17: Add DOT, AVAX, and MATIC to Horizon Futures
        • HIP-16: Add XRP, ADA, and LINK to Horizon Futures
        • HIP-15: Add SOL to Horizon Futures
        • HIP-14: Reduce Trading Fees during Horizon Futures Promotional Period
        • HIP-13: Suspend zNVDA market ahead of Stock Split and convert zNVDA to zUSD
        • HIP-12: Updated Utilization of zUSD & zBNB Liquidity
        • HIP-11: Redirect HZN from EARN Pool to PancakeSwap as ‘Bribe’ using Cakepie
        • HIP-10: Use zAssets from Community Fund staking to provide liquidity on Wombat via Yield Aggregator
        • HIP-9: Redirect HZN from EARN Pools to Wombat Exchange as ‘Bribes’
        • HIP-8: Move the zUSD-BUSD and zBNB-BNB Liquidity Pools to Wombat Exchange
        • HIP-7: Utilize the Community Fund for Additional Liquidity
        • HIP-6: Lower Target C-Ratio to 600% from 700%
        • HIP-5: List New zAssets
        • HIP-4: Use Keepers to Close Weekly Fee Periods
        • HIP-3: Suspend zTSLA ahead of Stock Split
        • HIP-2: Lower Target C-Ratio to 700%
        • HIP-1: Create incentivized zBNB/BNB pool
      • Community Grant Program
    • FAQs
  • Stake & Earn
    • Introduction
    • Staking on Horizon Protocol
      • Staking and Rewards
      • Mint, Burn, and Claim
      • Collaterialization and C-Ratio
      • Liquidation
      • Managing Risk
      • C-Ratio Strategies
      • Hedge your Portfolio
    • Interfaces
      • Account - Escrow
      • Account - Authorize
      • Account - History
    • Guides
      • How to Stake by Minting zUSD
      • Adding Liquidity for zUSD and zBNB pools
      • Add Liquidity for HZN-BNB
      • Remove LP Tokens for zUSD-BUSD Pool
      • Setting Up Chainlink Automation
  • Educational Articles
    • Glossary and Definitions
    • What are DeFi Derivatives and how are they used
    • A Brief History of Synthetic Assets and Financial Derivatives
    • DeFi Derivative Projects
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  • Horizon Protocol
  • Synthetix
  • dYdX
  • Hegic
  • UMA
  1. Educational Articles

DeFi Derivative Projects

PreviousA Brief History of Synthetic Assets and Financial Derivatives

There are a couple DeFi derivative projects in the cryptosphere. Below, we share a couple of the ones we know of.

Horizon Protocol

Horizon Protocol is a DeFi derivatives project on the BNB Chain for the creation and trading of synthetic assets known as zAssets. Horizon Protocol's zAssets provides investors exposure to real-world assets' risk/return profiles via smart contracts on the blockchain

Forked from Synthetix, Horizon Protocol will leverage the time-tested derivative liquidity protocol and bring interoperability, scalability and a whole new array of tradable, real-world derivative products to the DeFi ecosystem. Implementation on the BNB Chain offer users the speed and dependability that is currently lacking on the Ethereum blockchain.

Learn more about Horizon Protocol:

Synthetix

Synthetix is a DeFi derivatives project on the Ethereum blockchain for the creation and trading of synthetic assets known as synths.

Known as the OG synthetic assets project, Synthetix started in 2018 after pivoting away from a stable coin project. Synths can be almost anything that has a reliable price feed, including cryptocurrencies like BTC or ETH, commodities like gold and silver, and fiat currencies like USD. Inverse synths and index synths are also available, giving traders an easy way to get short exposure or hedge existing holdings.

Learn more about Synthetix:

dYdX

dYdX is a DeFi derivatives project on the Ethereum blockchain with a focus on perpetual futures trading.

Perpetual futures, also known as perpetual swaps, are futures contracts without an expiration date. dYdX provides perpetual futures for a myriad of crypto coins with options for up to 20x leverage. Support for L2 also lowers the cost of trading.

Learn more about dydx:

Hegic

Hegic is a DeFi derivatives project on the Ethereum blockchain with a focus on options trading.

Launched in 2020, it allows traders to call / put options on ETH and WBTC. To facilitate more trading Hegic takes care of the Ethereum gas fees for the trader by charging a premium, which allows users to trade as often as they like without paying additional gas fees.

The platform is committed to ensuring the anonymity of its users with no KYC and registration is fast and easy and allows its users to trade options without adhering to traditional regulations.

UMA

UMA is a DeFi derivatives project on the Ethereum blockchain, targeting the protocol level, with a focus on the creation, maintenance, and settlement of "priceless" financial contracts. These contracts can be based off or a price, or they can also be based on some kind of state instead of price movement.

The DeFi derivatives created on UMA are very unique and interesting, including:

  • Range Tokens - collateral and debt creation

  • Success Tokens - call option

  • KPI Options - call options w/ growth incentives, and

  • Synthetic tokens - derivative contracts that track the movement of an external price or data feed

These tokens are then guaranteed by UMA's oracle system that allows for flexible information updates backed with a dispute resolution system.

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Please let us know if there are any other DeFi derivative projects you would like us to add to this list by emailing us at: info@horizonprotocol.com.

Learn more about Hegic:

Learn more about UMA:

https://horizonprotocol.com/
https://synthetix.io/
https://dydx.exchange/
https://www.hegic.co/
https://umaproject.org/