Developing Structured Financial Products in XDC
So there are different things that might happen and will happen,
especially on the XDC, and we are working on them,
and we're going to approach
them, uh, really soon, actually.
And, uh... But I believe this is going to be the major, let's say,
pinpoint for the
structured products and it's for the future.
Right. Very interesting to see that institutions are looking for the
same tools that they're already familiar with in traditional
finance, specifically for the, uh, yield generation and
downside protection. Now, Jeremy, let's, let's make it more
specific to XDC. Uh, a gentle reminder to our viewers that
nothing in this video is a financial advice.
So back to you, Jeremy. What are the structured products that are
available or being developed in XDC ecosystem?
We went live with the structured products with our friends and partners in Trade
Together in Singapore. Kudos to my friend, uh, Geoff.
And it's first of its kind. It's a yield-bearing downside
protected, uh, product which the way that it's going to
actually happen right now is when you are going to stake it, as I mentioned,
you're
going to get exposure towards the volatility of the token.
So the first thing that we did was we tried to give you
asymmetrical exposure toward the token, whether through a couple of, let's
say, the options that we are going to underwrite over there.
We are going to reduce your downside massively, and we are going to give you
some sort of exposure towards the downside,
but obviously it's not going to be
one-to-one.
And then we sat on it for a while, and then we came of it, "All right.
Right now I have this, let's say, the downside protected note.
Why can't I stake it?" So then we built a second structured product on top of it,
which is going to get a stake and it's going to generate yield.
It's a really fascinating product and I really loved working with Geoff.
And as I mentioned, the second thing that we actually went live, it's again
regarding the staking, and we went live with our longstanding
partners,
Uphold and Kel.
Uh, they did a fabulous job. It took us, uh, long hours of just talking and
going back and forth, but we made it happen.
Historically speaking, if you wanted to stake your XDC in XDC
network, you should
have had at least ten million XDC, and that amount, let's say
as of the current token price, and it fluctuates obviously in terms of
the dollar
amount. Uh, but in terms of the current price,
it's going to be
something around three hundred thousand dollars, which is quite a lot for the
average retail. But we brought this product in your doors
and
basically with the one tap of a click, you can stake it
through your trusted partner, whether they are the exchanges
or whether they are
the, uh, let's say, validator providers.
And I have a really good news for our clients in
European Union. I mean, European Union has been really difficult
to deal with.
They have many do's and don't. But we are bringing the same product to
Bitcoin Suisse. Bitcoin Suisse is one of the most trusted actually
exchanges in
the European Union, so we are partnering with them and we
are making it happen to a
stake with as less as, let's say, a hundred XDC
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