Over 500% APY for Single Token Staking: Low-key OptionPanda Belies Enormous Opportunities
Over the past months, capital has shown a growing favoring attitude toward derivatives. Dydx has raised massive funds of $65 million; SynFutures has attracted $14 million investment from a conglomerate consisting of Polychain Capital, Framework Ventures and Pantera Capital; and the most impressive performance is by BitDAO — a DAO initiated by Bybit which won $230 million investment from the renowned Silicon Valley investor Peter Thiel, Founders Fund, Pantera Capital and Dragonfly Capital.
The capital market has been extra sensitive towards investment returns. It is an important strategy for retail investors to refer to the investment portfolios of good investment institutions when investing. In the crypto industry that enjoys a promising future, finding an investment model will significantly enhance our benefits.
OptionPanda is a rising star in the crypto options field. As it is still in the infant stage, it provides users with various opportunities to receive high returns in the future.
OptionPanda offers European-style short-term and high-frequency options. In this way, it uses AMA funds pools to solve the problem of insufficient liquidity of on-chain transactions. OptionPanda also takes a set of measures to protect the liquidity of the market making funds to enable a carefree transaction experience, such as setting the maximum utilization rate of the option pool and equal distribution of liquidity among options of various maturities, etc.
What’s more, in addition to the security guarantee, OptionPanda also provides liquidity providers multiple choices to obtain high returns.
Revenue channel 1: market making
The first income is the revenue from market-making. Benefits from this channel are similar to mining through single token staking. Users will receive the revenue in USDT.
At present, users can invest BNB, ETH, BTC and USDT for market making and receive bonus from this process. The table above shows an investment of 1500 USDT to make a market. The total revenue in 3 days after the investment is more than $60, making the APY over 500%. Such a high return is very rare in DeFi and even more so for the staking of a single stablecoin. The table below shows that investing 3 BNB for market making can lead to APY as high as 619%.
This revenue will increase as users are more actively involved in options transactions. OptionPanda offers high-frequency short-term options to fulfill users’ actual needs and attract their active participation. The table below shows that at the very beginning, there were over 10 transaction counts with 30 minutes after the project listing. We can foresee that when the products receive more recognition, OptionPanda will bring more benefits to market makers.
Revenue channel 2: market-making mining
The second revenue comes from market-making mining. Miners will receive OPA — the platform token of OptionPanda as rewards.
I invested 3 BNB and received more than 100 OPA tokens in 2 hours. Calculated at the current price of BNB and OPA (0.015U), the APY of OptionPanda is more than 300%. There are in total 500 million OPA tokens. Supposing the unit price of OPA is as high as $1, the total market value of OptionPanda will only be $5 million, which is seriously undervalued compared to its product and market prospect. At the same time, OPA is the governance token of OptionPanda and users have to lock up OPA before participating in the project governance. Therefore, the value of OPA can only be fully realized after the project gradually grows.
Revenue channel 3: DAO staking and liquidity mining
The third revenue is through OPA staking and liquidity mining.
OptionPanda is a community-driven program and governed by the OPA DAO. To participate in OptionPanda governance requires staking OPA, which, at present, yields over 1,600% benefits for stakers.
If you don’t want to stake OPA, you can also participate in OPA liquidity mining on Pancake to add liquidity to the OPA-USDT pool. The yields for liquidity mining exceed 1100%.
For OptionPanda’s users, in addition to transaction revenue, they will also receive transaction mining income. According to OPA’s tokenomics, there will be 50 million OPA tokens rewards for transaction mining.
OptionPanda’s products are rather simple and easy. Their characteristics of high-frequency and short-term are in line with the needs of crypto participants who can use the option products to hedge risks and engage in leveraged investment. Looking forward, we see the possibility that OptionPanda will be the pioneer project of DeFi derivatives. Early participation in OptionPanda will bring you higher investment returns.