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Monteluna
@monteluna
The smartest people in crypto are trying to recreate options in weird ways, when they should've just sold options. "I want to swap volatility with you on a fixed time basis, but I want the position to exist without being exposed to underlying prices in case you want to sell." Yes, that's called a standard European option.
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Monteluna
@monteluna
What an actual fair launch ICO should look like: - Sell 1 year OTM call options for tokens for a premium price of X and a strike price of Y with ramp ups blocks that increase in premiums as more tokens are sold. Bullish? Then bid. - Let the call options be 1-1 ERC20 on mainnet or some other L2 and let the market trade the premiums. - Before expiry you can buy the tokens at the strike price or use any intent based swap to flashloan the money and receive the upside in cash. The founders get money now, the traders get upside, and now no one can complain "who sold" because the only people who received tokens got it at a fair upfront price communicated in the strike price. I would assume retail and VCs would signing up for these jacked covenants and price asymmetric ICOs, but I guess crime is legal.
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