Smilee | DVERSO

An open-source protocol enabling volatility-based products and strategies


Smilee’s innovative approach involves treating liquidity providers as options sellers, resulting in a remarkable transformation of Impermanent Loss (IL) into a diverse range of options that can generate volatility-driven returns. By offering DEX-like liquidity, you can earn yield in the form of $USDC, which will be subsequently utilized for the creation of derivative assets. Furthermore, Smilee’s platform enables you to mitigate Impermanent Loss and potentially convert it into Impermanent Gain by employing up to 500x leverage, all while avoiding liquidation risks.

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Founder information:

Mattia D'Alessandra, Marco De Zio


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