Dymmax is a decentralized platform for options issuance and secondary circulation based on a parimutuel model. The platform allows users to issue options without a seller, and buyers can form a joint bank that guarantees sufficient expiration payments. The price of every option type is calculated off-chain for maximum auction efficiency. All matched orders are tokenized in the form of ERC-20 tokens, providing a way for the secondary market. The platform's native token, DMX, is used for various purposes including staking and protocol development funding. The project is the brainchild of Dmitry Filyaev and is advised by researcher Dmitry Meshkov.
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