Helmet is a peer-to-peer price-shield insurance protocol on BSC ( Binance Smart Chain), originated from option trading logic. Helmet allows everyone to create insurance policy of any cryptoasset easily in the market, protecting DeFi users against the risk of price fluctuations.
Features:
1. Redefine Option trading. Option tokens do not rely on the Oracle or the Admin, but operate independently as a smart contract.
2. Market-oriented without complex mathematics. Types of insurance are designed by policy suppliers, allowing them to flexibly assemble the parameters of insurance policy. Anyone can participate in this market and earn rewards by simply depositing an underlying token asset.
3. Each policy (option) is endorsed at the nominal value held by users, which eliminates counterparty’s risk and ensures that the option holder can always purchase the underlying token;
4. Add the mining part in hedging price vilotation risks. SHORT Token (get by supplying policy) and HELMET can be used in mining HELMET.
5. Open to all defi protocols. Partners of helmet could share users traffic in the whole ecosystem.