What is ClearDAO? The most detailed ClearDAO and CLH token information

• ClearDAO overview
• What is ClearDAO?
• Highlights of ClearDAO
• The main products of ClearDAO
• Design principles of core applications
• Developer team, investor of the ClearDAO project
• ClearDAO's development roadmap
• Overview of the CLH token
• What is CLH token?
• Details of CLH . token
• Allocate CLH tokens
• Where can CLH tokens be bought and sold?
• The future of ClearDAO and should I invest in CLH tokens?
• summary

ClearDAO overview

What is ClearDAO?

ClearDAO is an open source protocol specifically designed for derivatives products including OTC derivatives. With ClearDAO, anyone can create custom derivatives and manage risk in a streamlined, efficient way.

Specifically, merchants can design, price, trade, delete, and pay for derivatives on any crypto-asset. Buyers can purchase these derivatives through an OTC service. 

By providing OTC derivatives and tools for risk management, ClearDAO is gradually perfecting the DeFi space. Not only that, ClearDAO's products also help create cash flow from the traditional financial market to the cryptocurrency market in general and DeFi in particular. 

Currently, users can interact with ClearDAO through 3 application modules as follows:

• Derivative Workshop is a place to help users build separate derivatives.
• Derivative Marketplace is a place where buyers and sellers use to interact and conduct transactions. 
• The Risk Management Pool will be responsible for platform fees and market risk management. 

Highlights of ClearDAO

Although DeFi's liquidity growth over the past 36 months has been very fast. But for DeFi to become a full-fledged financial system, it still takes a very long time. The lack of derivatives and risk management products limits DeFi's capital flow from traditional finance.

ClearDAO's goal is to introduce a complete suite of derivatives products to the DeFi market. By providing separate risk management and derivatives tools, ClearDAO helps users manage crypto portfolio risk more efficiently.  

ClearDAO also provides an infrastructure that allows anyone to create and trade on-demand derivatives contracts on the open market that were previously limited to a certain group of investors. In addition, ClearDAO allocates a part of the platform fee to the Risk Management Pool to reduce the risk of trading with counterparties.

Besides the risk management tool Risk Management Pool, the outstanding feature of ClearDAO is also reflected in the tools to support the creation of derivative products:

Open Derivative SDK : The SDK Toolkit is the core product of ClearDAO, which is highly adaptable allowing developers to create new derivative products. The ClearDAO development team will continue to add support for basic content layers and derivative templates to the SDK to expand the aggregation capabilities of this toolkit. 

Community Driven Market : This is the place that ClearDAO designed to invite community members to launch multiple trading platforms and build a derivatives ecosystem together.

The main products of ClearDAO

ClearDAO will focus on developing 4 products: Options, Notes, Futures and Swaps. Currently these products are not complete. The ClearDAO team is still continuing to test and perfect the above products and promises to launch the community in the future.

Options

ClearDAO will develop the options market to include options such as: Standard (Vanilla), barrier (Barrier), binary (Binary), American and European style digital options. Currently this product is having test events on various blockchains . It is expected to be the first product that will be released to the ClearDAO community.

Notes

This product allows users to customize the allocation of investment capital into different types of crypto-assets. 

Futures

Similar to Binance's Futures trading feature, ClearDAO offers perpetual futures with up to 50x leverage.

Swaps

This product plays an important role in ClearDAO's platform, allowing investors to swap tokens, similar to swaps on DEX exchanges. 

Design principles of core applications

In the ClearDAO system, the user interacts directly with the application layer. ClearDAO's core application modules run the core business and are designed around the following principles: 

Option pricing principles and models 

Standard option pricing (Vanilla Option) usually follows the BSM (Black-Scholes Merton) model. But, the blockchain system cannot guarantee that the option seller (Option Writer) will actively fulfill the payment obligation on time. 

As a result, liquidity providers on ClearDAO offer hedged arbitrage options that make it easy for traders to open long or short positions, and even open both positions at the same time. 

Essentially, the structure of the spread option ensures that liquidity providers have sufficient capital to fulfill their options contract agreements.

The team implemented QuantLib, a standard set of open source models for modeling options pricing. Liquidity providers on ClearDAO can choose from an available pool of reference assets or define their own based on their own assets.

They will then build their own options by setting hurdles, expiration dates and other parameters. When a user chooses to buy a particular option, the parameters are fixed and ClearDAO's pricing module automatically quotes a price based on the QuantLib model set.

Risk management principles and models 

ClearDAO has built in multiple levels of risk control to handle a variety of contingencies. This is to help users and liquidity providers effectively control risk. 

For liquidity providers, ClearDAO will set up a hedge fund. Liquidity providers can contribute to this provision and receive a certain level of risk protection. 

Supposedly, in case the user account is locked and the deposits cannot be recovered to open the account, the risk reserve fund will allocate capital to solve this problem. 

In the early stages of the project, the project operator will deposit a certain amount of money into the risk reserve fund to protect investors against bad situations. 

Developer team, investor of the ClearDAO project

Development team

ClearDAO is developed by the team of DerivStudio – a company specializing in the development of derivative products. DerivStudio members are also those who have innovative ideas on how to manage crypto-asset risk.

Investors

ClearDAO has completed a Private funding round with a total investment of $2.5 million. With the participation of many large investment funds such as Huobi Ventures, Kronos Research, SpringWind Ventures, Double Peak Group, Markarian Capital, Gate.io Labs, VRM, Hoo Cub Fund, AC Capital, DWeb3 Capital, Foresight Ventures, AlphaCoin Fund, Mintable Fund, NPC DAO. 

ClearDAO's Seed Round was attended by LD Capital and StillWater Research.

Partner

Currently ClearDAO is working with Chainlink to integrate the price feed, while helping to secure the prices of DeFi derivatives products.

ClearDAO's development roadmap

ClearDAO's development roadmap in 2022 includes the following activities:

• Decentralized Autonomous Organization (DAO) Deployment
• Integrate layer 2 solutions for improved scalability
• Deploy ClearDAO across multiple blockchain ecosystems
• Cross-chain mechanism integration
• Expand the possibilities of custom tools 

Overview of the CLH token

What is CLH token?

CLH is the native token of the ClearDAO ecosystem and has several functions as follows:

• Staking: Investors can bring CLH tokens to staking to earn more passive income.
• Governance: CLH owners have the right to participate in the governance system, make suggestions to help guide the development of ClearDAO.
• Clearing Fee: CLH is used to pay expenses when using services and products of ClearDAO.

Details of CLH . token

• Ticker: CL
• Blockchain Network: Ethereum (ERC20)
• Total Supply: 1,000,000,000 CL
• Circulating Supply: 47,374,690 CL

Allocate CLH tokens

Investors: 25%, of which:

• Seed Round: 10%, unlock 20% at TGE, then will unlock 20% every six months and amortized over 2 years.
• Private 1: 8.12%, unlock 20% at TGE, then will unlock 20% every six months and amortized over 2 years.
• Private 2: 6.8%, unlock 7.69% at TGE, then unlock 7.69% per month and amortized for 1 year.
• IDO: 0.08% and 100% unlocked at TGE.

Core Contributors: 25%, this token will not be allocated immediately after TGE, 6.25% will be unlocked every quarter and distributed within 4 years.

Community: 50%, in which:

• Treasury: 5%, this amount of tokens will be controlled by the administration and has no specific allocation schedule.
• Liquidity & Trading Reward: 20%, this number of tokens will be controlled by the administration and has no specific allocation schedule.
• Marketing: 5%, unlock 5% at TGE, the remaining tokens will be controlled by the administration and there is no specific allocation schedule.
• Ecosystem: 12.71%, all of these tokens will be controlled by the administrator and will not be allocated according to a specific schedule.
• Strategic Token Swap: 0.29%, unlock 20% at TGE, then unlock another 20% every six months and allocate over 2 years.
• IEO: 2%, unlock 10% at TGE, then unlock 10% every 14 days and allocate within 126 days.
• Reserve Pool & Staking Reward: 5% of all these tokens will be controlled by the administration and will not be allocated according to a specific schedule.

Where can CLH tokens be bought and sold?

Investors can buy CLH tokens on KuCoin through the 18th Spotlight event from January 5, 2022 to January 7, 2022. Each CLH token is sold for 0.01 USDT, the total number of tokens sold in this round is 20,000,000 CLH.

The future of ClearDAO and should I invest in CLH tokens?

We cannot deny that the DeFi ecosystem is growing very quickly. Initially, from simple transactions between two user addresses, DeFi now has many other pieces such as Farming, Lending... In addition, DeFi is also a place to create many opportunities to increase profits for home owners. invest.

However, there are still many people in the traditional financial market who are hesitant to join this rich DeFi land. So the question is “what prevents them from participating in DeFi?”.

Faced with that situation, the ClearDAO development team explained that there are currently two structural problems in DeFi: the lack of derivative products and risk management tools.

These could be barriers that keep DeFi from growing further, even though more and more people are investing in crypto assets. Therefore, ClearDAO was born to solve these two problems. The platform allows anyone to create and trade derivative contracts on demand on the open market.

Some official information channels of the project that investors can follow are:

Website | Twitter | Telegram | Medium 

summary

ClearDAO is contributing to the development of the DeFi market by building the infrastructure for derivatives products. In addition, the project is building a multi-chain ecosystem that allows users of many different blockchains to easily interact with ClearDAO products. With the above information, TraderH4 hopes that readers can make the right investment decisions for themselves.

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