Exotic Markets is a decentralized wealth management and structured products founded by Joffrey Dalet.
Exotic Markets bring wealth management and structured products out of the bank and in the decentralized finance world. Exotic Markets Maximise the investments with simple and sustainable products.
We decided to bring wealth management and structured products out of the bank and in the decentralized finance world. If you want to grow your wealth on crypto, exotic is here to help you do it.
Decentralized wealth management and structured products.
The way private banks have traditionally distributed structured products leaves much to be improved upon. Customers are typically a payoff and they are offered a subscription period during which they can sign up and pay. Behind the scenes, the bank sales person and the private bank will take commissions and so will the structurer. The customer's yield will be eroded and the level of transparency will be minimal. And customers can only enter as buyers of the notes. To make matters worse, once a customer has subscribed to a structured product, he can only resell it back to the bank. With only one counterpart to trade with, banks are in a position where they can impose wide spreads on any buybacks. The playing field favors the private banks and the system is opaque.
The Exotic platform will offer its users the opportunity to engage with these products as both buyers and sellers. For instance, users will have the opportunity to pay to receive yield or pay yield to receive market exposure. Exotic was built from the start with the goal of maximizing flexibility, meaning that users can benefit from nearly any exposure to any underlying asset, as long as the payoff is capped and that the asset in question has a reliable pricing oracle. And thanks to integration with Serum DEX, users will have the opportunity to recycle positions on the secondary market.
Exotic Markets is a DeFi (Decentralized Finance) platform on the Solana Blockchain. It aims to become the most flexible structured products protocol, offering the widest range of payoffs and underlyings in defi. For example, we aim to offer payoffs based on baskets of tokens, trading ranges, accumulators and capital preservation. At the time of creation, no other defi protocol is able to offer these payoffs.
Thanks to the low costs and high throughput of the Solana blockchain, Exotic Markets can offer fair and transparent on-chain computation for fair value. The robo advisor will reduce complexity and guide users towards tailor-made solutions.
Tokenization of positions on Serum Exchange will allow users to trade positions while the structured product is still active, offering unprecedented liquidity for products that have traditionally been illiquid and distributed on a one-sided basis. And this will all be made possible thanks to the EXO token, which will be embedded with a governance function and will absorb a portion of platform fees.
New products and features will be added on a regular basis.
Some examples are: