Core, an anonymous and hyped DeFi project, has announced Delta, a new product and token. Core says this will “close the gap” between options trading and spot markets by “using a combination of liquidity standards to deploy an on-chain options layer with scalability in mind.”
Anonymous Developers Behind Delta Project Will Work Towards Promoting Healthier Market
Core was initially launched in September 2020 after successfully raising $60 million in locked liquidity. It’s currently preparing to launch a new product and Delta token, Coredex, which will bring a variety of new derivatives and liquidity to the DeFi crypto market.
The DeFi market is becoming a popular marketplace among anonymous developers. Earlier this week, a group known as Anon Powered announced the launch of its DeFi platform, Premia. Other notable names in the market include Aave, Hegic, Opyn, Coinlist, and Nexo, to name just a few.
But the Core team is planning to do things a little differently thanks to its new liquidity format Open Vested Liquidity (OVL), with its ideas for Coredex and future updates on new developments outlined in its latest black paper. OVL allows liquidity to be locked during volatile movements using a block time schedule, which reduces the amount of risk around trading tokenized assets. This minimization of risk is one of Core’s main focuses.