Premia has been launched by the development team of Anon Powered- which would be the largest DeFi option to go live on Ethereum. According to the interview conducted with Cointelegraph, the developers from this team spoke about how this platform would allow many out of the gate clients to sell, write, and exercise calls and puts in an authentic American way.
Interestingly, they would be able to do it even if the expiration date is crossed over. The developer team considers themselves to be the members of Premia Republic are mostly semi-anonymous.
The launch of this platform has added to the DeFi marketplace- which is already overcrowded. It would join other large-scale projects like Hegic, Auctus, and Opyn. However, the group of developers have reasons to believe that this project would be considerably different from the others that fill in the gaps.
One of the reasons is the architecture- for this platform uses ERC-1155s, along with a phase of Primary Bootstrap Contribution in exchange for a VC raise. Most importantly, the developmental philosophy of the company reflects the ecosystem of larger DeFi- one that is inclusive.
Flexible standards of Premia
The developers of Premia- out of which one is currently employed at a broker-dealer- have stated that their project came into existence after they met with each other on Telegram and Discord. Their first project was Don’t Buy Rope- a Yield farming experiment for NFT. Due to this, the developer team is pretty capable and is using ERC-1155s.
ERC-1155 is used for NFT minting- and allows for a singular contract to bring out many tokens, either non-fungible, or fungible. What separates Premia from its competitors is that this very standard brings out the flexible strike times of Premia, which the other firms don’t have.
