metadata: {"type": "project", "title": "Meon Finance", "logoImg": "bafkreifozyen7i3v4zvx4iz6e5vsttsn2xhtfartoplp37ilpeqzzcuyde", "website": "https://meon.finance", "bannerImg": "bafkreiby2v6vhgy6izd2ab3uknfe7qn2pkfffessrclsnskxhoauhylmxi", "createdAt": 1696045436766, "credentials": {"twitter": {"type": ["VerifiableCredential"], "proof": {"jws": "eyJhbGciOiJFZERTQSIsImNyaXQiOlsiYjY0Il0sImI2NCI6ZmFsc2V9..5KlQhfaRJkEfNd0Cg6bT1iXQvDEWxZFD0BwIyqbZIPwdCiu4_kCZkds3Fgkc1Xj7dRVVvHTSPhGBVHgty0zKDg", "type": "Ed25519Signature2018", "created": "2023-09-30T03:43:37.431Z", "proofPurpose": "assertionMethod", "verificationMethod": "did:key:z6MkghvGHLobLEdj1bgRLhS4LPGJAvbMA1tn2zcRyqmYU5LC#z6MkghvGHLobLEdj1bgRLhS4LPGJAvbMA1tn2zcRyqmYU5LC"}, "issuer": "did:key:z6MkghvGHLobLEdj1bgRLhS4LPGJAvbMA1tn2zcRyqmYU5LC", "@context": ["https://www.w3.org/2018/credentials/v1"], "issuanceDate": "2023-09-30T03:43:37.431Z", "expirationDate": "2023-12-29T03:43:37.431Z", "credentialSubject": {"id": "did:pkh:eip155:1:0x108B6f82f205550A6dDe148C4A8c999f9604BE6A", "hash": "v0.0.0:VrLkWttDMt0mRgzINeiVvyVopqhnRo6oI61pwF54uoY=", "@context": [{"hash": "https://schema.org/Text", "provider": "https://schema.org/Text"}], "provider": "ClearTextTwitter#meonfinance"}}}, "description": "We are pioneering a unique NFT hedging protocol, offering a refuge against market uncertainties. Our primary goal is to reduce the potential losses of holding an NFT during market downturns. This initiative is merely the first step in our journey to introduce a range of NFTfi products, aiming for widespread NFT adoption.\n\nEmerging as a leading force, we are establishing hedging pools for premium NFTs. Our objective is to craft a game-changing mechanism that eases the financial uncertainties typical of the volatile NFT markets. With the use of advanced algorithms for precise strike price calculations, this project stands as a protective barrier, bolstering the NFT investment landscape. At the heart of our innovation lies a user-focused DApp, a protocol that reduces risks, decreases gas fees through the use of Layer-2 chains, and offers a safe environment for acquiring and holding NFTs.\n\nOur platform is multifaceted, allowing users to obtain a hedge, protecting them from rapid price drops and ensuring they are compensated once the strike price is reached. On the flip side, users can also choose to sell a hedge, benefiting from stable or rising prices, and thus gaining profits from offering this protective measure. This interaction forms the foundation of our broader vision to develop a suite of NFTfi products, increasing the versatility and functionality of NFTs in a bustling digital realm. As an illustration, if a user acquires an NFT at 5 ETH and chooses to hedge, potential losses could be notably reduced to 2 ETH if the asset's value dips to 1 ETH, as opposed to a 4 ETH loss without the hedge. (These figures are for demonstration purposes only and don't indicate actual ratios.)\n\nRecognizing an existing gap in the NFTfi market, with the NFT sector seeing a surge in capital and financial services for top-tier collections, we are poised to create a constructive cycle that draws attention, enables yield-generating activities, and nurtures community expansion.", "logoImgData": {}, "bannerImgData": {}, "projectTwitter": "meonfinance"}
name: Meon Finance