We’re excited to announce that Carmine Options is officially joining the Chainlink Build program. As a part of Build, we aim to accelerate ecosystem growth and long-term adoption of decentralized finance by gaining enhanced access to Chainlink’s industry-leading oracle services and technical support, as well as incentivizing greater cryptoeconomic security, in exchange for a commitment to provide network fees and other benefits to the Chainlink community and service providers, including stakers.
We’re confident that through enhanced support, secure offchain services, and the backing of Chainlink’s vibrant community, we can accelerate awareness of Carmine Options and realize a world where decentralized finance is accessible, secure, and empowering for all.
Carmine Options: Fostering a Thriving DeFi Ecosystem
Carmine Options’ mission is to deliver cutting-edge tools that mitigate risks and foster a thriving DeFi ecosystem, ultimately making financial freedom and inclusivity a reality for hundreds of millions. By leveraging advanced technologies and innovative solutions, we aim to create a secure and accessible financial environment where users can confidently participate in decentralized finance (DeFi). Our commitment to reducing risks and enhancing security ensures that everyone, regardless of their background, can benefit from the transformative power of DeFi, paving the way for a more inclusive and equitable financial future.
Carmine Options addresses risks through price volatility protection and continuous monitoring. We provide a reliable platform that offers advanced tools for self-directed risk management, protection against price volatility, and governance within the DeFi ecosystem. This infrastructure includes DeRisk, a platform for independent risk monitoring and mitigation strategies that enable users to safeguard their digital assets; Options AMM, a tool that allows for flexible risk coverage tailored to different needs; and a Governance Framework that supports token creation, distribution, and staking within Starknet protocols.
Why We Joined Chainlink Build
Carmine Options joined Build to maximize the benefits of security and reliability that Chainlink’s oracle infrastructure provides. As part of Build, Carmine will receive key benefits, including access to and integration of Chainlink CCIP and Price Feeds, enabling the creation of highly innovative and reliable DeFi tools on our platform. CCIP will allow the protocol to securely tap into the cross-chain ecosystem, while Price Feeds will provide tamper-proof market data essential for DeFi applications. We will also gain access to new Chainlink product alpha and beta releases, among other benefits.
In exchange for these services, Carmine Options will make 3% of its native token supply available to Chainlink service providers, including stakers, over time. These mutually aligned economic incentives enable both communities to support one another.
“We’re excited to join Chainlink Build. This marks a significant milestone in our mission to foster a thriving DeFi ecosystem. By integrating Chainlink’s industry-standard services we will enhance the security, reliability, and innovation of our platform. Through enhanced support and secure offchain services provided by Chainlink, we are confident in increasing the adoption of Carmine Options and realizing our vision where DeFi is accessible and secure for all.”— Marek Hauzr, Founder of Carmine Options
About Chainlink
Chainlink is the universal platform for pioneering the future of global markets onchain. Chainlink has enabled over $14 trillion in transaction value by providing financial institutions, startups, and developers worldwide with access to real-world data, offchain computation, and secure cross-chain interoperability across any blockchain. Chainlink powers verifiable applications and high-integrity markets for banking, DeFi, global trade, gaming, and other major sectors.
Learn more about Chainlink by visiting chain.link or reading the developer documentation at docs.chain.link.
About Carmine Options
Carmine Options is a decentralized platform on Starknet, offering innovative solutions for managing the risk in crypto. The platform empowers users to hedge against impermanent loss, protect against crypto asset price drops, and lending protocols to monitor risks. With a focus on practical solutions, Carmine Options ensures that DeFi participants can safeguard their investments.
Carmine Options serves as an automated market maker, offering the opportunity for anyone to buy and sell options on the Starknet network at a fair price.
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