NEXUS Startup Competition Pitch - Lynx Finance - TOKEN2049 Singapore 2024

hey everyone I'm very excited to be here but before I dive into links I would like to introduce you to a very good friend of mine his name is Frank and he's a Bitcoin Maxi but he also believe in the future of AI and want to get exposure to Nvidia Franks is confused he can't decide between the two Assets Now the problem is that us DC act as the sole intermediary for financial assets forcing Traders such as Mark such as Frank to choose between two financial instruments this is limiting and extremely inefficient the solution is to bypass the intermediary links enable traders to use any collateral asset to get exposure to any Financial instrument now let's go back to Frank by using link thinks Frank can keep his Bitcoins while getting exposure to Nvidia one year later Frank is ready to cash out Bitcoin went up by 10x and Nvidia went up by 5x Frank did 5x on his Bitcoins and 50x in USD values Frank is obviously happy now the best part is that there is no additional Risk by removing the USD even if Frank's Bitcoins went down by 90% it will not get liquidated the system is completely price agnostic to the collateral price on links one Bitcoin is always one Bitcoin and this is why we can literally support any asset as collateral we don't even need spot liquidity or Price feed to list an asset linkx is built to be 100% permission left lyx is unis swap for synthetic trading while Unis swap allows protocol to list their token for onchain spot trading Lynx does the same for onchain leverage trading links is a B2B Toc platform we offer single side liquidity pools meaning you don't need to waste usdc to open a liquidity pool and to list your token we we offer tailor made incentive programs which means that you can launch trading competitions that are only open for people that hold your token we share our revenues with the partners and we even offer white labels there are 15,000 tokens listed on coin gecko links is built to support each and any one of them okay let's put some numbers because we already launch our MVP we are live on nine different chains supporting 28 tokens and five white labels we are processing more than 1,000 transaction per day and we are about to start Distributing more than $100,000 every week in rewards thanks to our amazing partners and this is without any token yet thank you very much happy to take any questions thank you um can you touch on the mechanism for how you uh yeah don't have uh oracles and liquidations sure so let's go let's get back to the Bitcoin right one Bitcoin is always one Bitcoin so for us the collateral assets is units okay the system doesn't know the price of Bitcoin the system does know the price of Nvidia versus USD so if Nvidia goes up let's say by Time by 10% % and you have 10x leverage it means that you just did 2x on your Bitcoin right you doubled your Bitcoin and this is why we can support any asset because we can take the you know the the shittiest token and still list it because we don't care about the price of the token got it you don't care about the price of the of the collateral asset but you do need the Nvidia USD Oracle yeah yeah we need an oracle for the we call it the you know the token that you want to get exposure to right but not the collateral got it okay last and yeah who who's lending the the Bitcoin perfect so this is defi right everything is done on chain so we have liquidity providers and they are the house they are the other side for for Traders basically they they take the risk from the of the Traders and by the way it's a good question because obviously we we're not working with Satoshi Nakamoto but we do work with protocols with Dows so usually the Dows are the one that provide the liquidity in their governance token they're the one that taking the risk but all they can lose lose is their governance token and okay and is there like a funding rate or something like what happens if people are lending Bitcoin everyone all the Traders are long Nvidia Nvidia pumps okay so first of all it's not lending it's all synthetic exposure this is why we can go up to 500x in leverage right we don't have any limitation on Leverage now what happens if if people are trading well right so the liquidity pool will lose money this is what happens we know from GMX that usually doesn't happen but we obviously have mechanisms to try and balance the long and short and I can tell you that in the next version of the application we're going to offer liquidity providers the option to choose very similar to univ V3 the the option to choose uh you know the range and long versus shorts and Etc so you'll be able to provide Bitcoin as a liquidity provider and to say that you are only uh taking the risk for people that are shorting it right or something like that okay because right now all the vaults are are siloed so if I'm if I'm providing liquidity for for Bitcoin I'm only exposed to the Bitcoin collateral Trader losses very very right and as a Trader you can only use one asset as coll okay yeah and you are earning and losing at the same asset right you're even paying fees in the same asset so if you came with Bitcoin you're paying fees in Bitcoin and and it's very important because if this token just got hacked is not going to affect the Bitcoin liquidity pool or anything like that it's all isolated awesome I appreciate the time thank you thank you very much