📖
IG On Arbitrum
  • Smilee On Arbitrum
  • Past & Present
    • Smilee v0
    • Smilee v1
    • Smilee v1.69 (current)
  • IMPERMANENT GAIN
    • What are Options?
    • Impermanent Loss & Options
    • Understanding Delta Hedging
    • 📈Trade
      • User Guide
      • Bull, Bear, Smile
      • Initial Price, Breakeven, Expiry
      • Impermanent Gain Pricing
      • Impermanent Gain vs. Vanilla Options
    • 💰Earn
      • User Guide
      • Payoff, APY & Performance
      • Volatility vs Volume
  • Protocol Design
    • Overview
    • DVPs
    • Vaults
    • Liquidity-to-Volatility Engine
    • Synthetic AMM
    • Delta Hedging
    • Maturities & Epochs
    • Fees
    • Oracles & Risks
    • Decentralization Roadmap
  • RESOURCES
    • Smilee FAQs
    • Smart Contracts
    • Media Kit
    • Audits
    • Bug Bounties
  • Developer Documentation
    • Introduction
    • How to Execute a Trade
    • Retrieving DVP Data
    • Read Value of an IG Position
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Past & Present

PreviousSmilee On ArbitrumNextSmilee v0

Last updated 1 year ago

It all started with a simple inquiry of the notorious phenomenon in DeFi known as Impermananent Loss. That curiosity led to the staggering realization that there's $100m+ of recorded Impermanent Loss suffered on the Uniswap ETH/USDT pool alone.

And a product to offset those losses? It didn't exist...

The concept of "Impermanent Gain" was born—a way to deliver an inverse Impermanent Loss payout through Options.

Almost 1.5 years later, we arrived here, to a fully custom-coded synthetic engine enabling our Trade & Earn Products, and many more volatility products to come.

For those of you who'd like to better understand the journey here, and what's ahead. 👇

Smilee v0
Smilee v1
Smilee v1.69 (current)