论文标题
永久合同NFT作为可偏合作性的抵押品
Perpetual Contract NFT as Collateral for DeFi Composability
论文作者
论文摘要
以太坊及其标准化的令牌界面已经形成了基于区块链智能合约的开放金融系统的分散财务(DEFI)。随着Lido Finance和Curve Finance等可偏见的合成性项目的引入,Defi生态系统变得更加丰富。 Defi合并性表示DEFI服务的串联,其中每个DEFI服务将资产锁定为抵押品,并将另一资产作为锁定资产的流动性向提供商提供。提供者使用给予其他串联Defi服务的代币,例如贷款,分散交流(DEX)和衍生工具。 Defi生态系统使用ERC-20代币,可以代表资产的值。 ERC-721不可杀死的令牌(NFT)在DEFI中并未广泛采用,因为它们代表了资产的权利,并且不适合估值。在本文中,我们提出了一个新概念,即永久合同NFT,该合同利用了加密货币衍生品市场中永久的未来合同。与传统衍生品市场中的期货合约不同,在加密货币衍生品市场中,大多数期货合约都是永久的。此外,期货合约的价值得到了抵押品的支持。因此,如果我们将永久合同的权利塑造为NFT,则可以将永久合同NFT作为可偏合成性的抵押品。为了验证我们的提议及其盈利能力,我们尝试了Uniswap V3的NFT位置。通过验证,我们表明我们的概念在实际情况下起作用。
Ethereum and its standardized token interface have formed decentralized finance (DeFi), an open financial system based on blockchain smart contracts. The DeFi ecosystem has become richer with the introduction of DeFi composability projects, such as Lido finance and Curve finance. DeFi composability denotes the concatenation of DeFi services in which each DeFi service locks assets as collateral and gives another asset as liquidity of locked assets to providers. Providers use the tokens given for other concatenated DeFi services, such as lending, decentralized exchanges (DEXs), and derivatives. The DeFi ecosystem uses ERC-20 tokens which can represent the value of an asset. ERC-721 non-fungible tokens (NFTs) are not widely adopted in DeFi, since they represent rights to an asset and are not considered appropriate for valuation. In this paper, we propose a new concept, perpetual contract NFT, which exploits perpetual future contracts in the cryptocurrency derivatives market. Unlike futures contracts in a traditional derivatives market, in the cryptocurrency derivatives market, most futures contracts are perpetual. In addition, the value of futures contract is backed by collateral. Therefore, if we mint the rights to perpetual contracts as NFT, we can use the perpetual contract NFT as collateral for DeFi composability. To validate our proposal and its profitability, we experiment with the position NFT of Uniswap v3. Through validation, we show that our concept works in real-world scenarios.