Gm options tradoors !
I’m very excited to apply for this new milestone for Premia !
My background and current position
Regarding my bio I have a background in corporate finance and have been involved in crypto since 2018. Last September I went full time crypto working as a Defi analyst in a crypto investment company managing 500M AUM. After going full time crypto, the next logical step for me is to get actively involved in a project. There are a lot of things that excite me about cryptos but options is the area I’m studying the most. I am personally invested in premia since the end of 2021. Premia is in my, top 3 Defi apps that I use on a daily basis and I consider it to have the best positioning to become the number 1 option dex in Defi. I want to be a part of it. I strongly believe that premia has one of the best team and community of young Defi projects and I want to contribute to the success of this protocol. I found something in options that I like and I want people to be aware of the potential of this sector. Options are sorely undervalued and unlike the majority I think that many retail traders would be much more profitable trading options rather than perps. The Premia community is full of smart people who will lead to the success of Premia and options in general.
Premia Hot Topics
Below are the 3 points that I find most important in the medium term development of Premia and around which, in my opinion, the parliament should prioritize its debates over the next 6 months.
Tokenomics
Tokenomics will be the major topic of this first mandate. We all agree that the current tokenomics needs to be reworked to align perfectly with the vision of premia and its holders. We now need to move forward more quickly and I am counting on the effectiveness of our community to accelerate the adoption of new tokenomics. Many very relevant proposals around tokenomics have already been proposed, I align with some of them. Concerning the point of the FDV I think that a burn is necessary but it must be well evaluated and not only serve short term personal interests (cf token pump). We must keep in mind a long term and sustainable vision. I am generally in favor of finding the right balance between making a burn and locking a part of the tokens over several years.
My vision for Premia tokenomics
- Reduction of the FDV with tokens burn (around 20% of the supply)
- Maintain low inflation (max 3%)
- Boost incentives around vxPremia with an allocation of additional Premia tokens subject to linear vesting
- …
Following the implementation of the new tokenomics it will be important to draw up a set of detailed documents that will allow for total clarity on the changes made. Many people have a false vision of Premia tokenomics (High inflation, huge fdv, insiders…) and it will be important to respond quickly to these people to avoid any misunderstanding.
Education x Accessibility
Education is also a point that I would like to see developed even if the Premia teams are already doing a lot of work on it. The Premia Academy and the live shows with Marty are very good initiatives to educate young traders. We need to continue to find affordable education topics and formats that will allow us to onboard a large number of users after the release of Premia Blue and I know we have the capacity to do so. Education will be a major point in the long-term success of Premia. This ease of access also comes through the UI/UX which is one of Premia’s biggest strengths. We must continue to innovate in this direction by integrating new features.
Marketing x Business Development
Another topic that seems important to me is marketing and business development. Premia has the chance to be on the most active network in Defi, we must take advantage of this. Business development is an important part of the long term success of a project and Premia should not miss it. I think that this is a point that we must keep in mind and that we must be attentive to every opportunity that comes our way. The parliament should be active on this point and act in favor of Premia by proposing smart and strategic collaborations.
My contribution to Premia
I’m really not a tech guy but I have knowledge in finance and being full time crypto I know the issues and expectations of users in this sector.
I can help in several areas like :
- Tokenomics because I spend my days studying tokenomics so I’m starting to have a good expertise in this field. Moreover I am surrounded by competent people in this field who can bring their experience. As a Defi analyst I study a lot of projects, so I have a very precise look at the points that make a project successful.
- Marketing and partnerships. I have a very good knowledge of Arbitrum’s Defi ecosystem (I have been on the network since day one and the launch of GMX) and I will be able to make proposals for new collaborations that could benefit Premia.
Thanks for reading me, you can count on my total involvement if I join the parliament, see you on the premia discord !
The future is bright, cheers !
vxSidelinedCapital