Carmine Finance: Carmine Options AMM for Advanced Risk Management and Portfolio Protection

Explore Carmine Options AMM, the first derivatives DEX on Starknet, offering advanced risk management and portfolio protection.
Starknet Ecosystem
• Feb 27, 2023
4 min read
Carmine Finance: Carmine Options AMM for Advanced Risk Management and Portfolio Protection

In Starknet’s thriving decentralized finance (DeFi) landscape, Carmine Finance emerges as a catalyst of innovation, focusing on seamless on-chain security and transforming risk management into a plug-and-play solution. At the heart of their groundbreaking initiatives is the Carmine Options Automated Market Maker (AMM), offering users the opportunity to buy and sell options at a fair price.Carmine Finance - Braavos Wallet Let’s discover how Carmine Finance contributes to safer blockchain interactions. Learn how you can leverage your transactions on this protocol and show off your mastery of the Starknet ecosystem using the Starknet Pro Score.

Carmine Finance snapshot

Find a quick summary of the Carmine Finance Starknet solutions in the table below.

Activity TypeAutomated Market Maker (AMM), derivatives DEX, risk management
Launch Date04/2022
AvailabilityMainnet & Testnet
DescriptionCarmine Finance takes a comprehensive approach to on-chain risk management, offering insurance and hedging products to address a variety of risks and threats. Their monitoring and early warning system act as a proactive defense, ensuring the safety of blockchain interactions. Carmine plans to release several insurance protocols, and the first one in their lineup is Carmine Options AMM. Carmine Options AMM is a derivatives DEX solution that allows users to both buy and sell European-style options. It supports various functionalities, including option vaults, impermanent loss hedging, insurance, and more. The Carmine Finance AMM has a range of use cases, from gaining profits from a token’s increase in value with limited risk and insurance against price drops of tokens and NFTs to hedging portfolios, trading volatility, and speculation on price decreases with limited risk.
USPCarmine Options is the first Starknet AMM to bring options trading to Starknet. As a risk management platform, it gives crypto funds, traders and investors the possibility to hedge their portfolios or trade options. Going beyond the conventional realm of merely buying options, this Starknet AMM introduces a groundbreaking feature: the ability to sell options.  By enabling users to sell options, Carmine Options AMM empowers liquidity providers to minimize risk and maximize capital efficiency. This distinctive approach ensures that your capital works smarter, not harder. Carmine Options AMM gives you novel risk management tools. 
  • Hedging and Insurance: Safeguard against impermanent loss and insure your positions to mitigate potential risks.
  • Margin Call Prevention: Decrease the probability of margin calls and liquidations, offering a robust shield for your investments.
  • Portfolio Protection: Protect the value of your crypto portfolios with strategic tools available on Carmine Options AMM.

Carmine Options AMM’s Decentralization

Is the Carmine Options AMM dApp decentralized? Is there a Carmine token? Yes to both questions. Carmine Finance emphasizes community involvement through governance. With the launch of their governance token CARM, the community gains tangible influence over the Carmine Options AMM. Token distribution and fee allocation details highlight a commitment to decentralization and community-driven decision-making.

Token distribution roadmapYES
Decentralization roadmapYES
Investment rounds completed1 completed on 15/11/2022 (Investor: Presto Ventures) + 1 angel investor

Carmine Options AMM Community Overview

Carmine AMM actively builds its community, allocating tokens to various projects, moderators, and community developers. The flexible allocation process ensures that innovative ideas are rewarded, fostering a vibrant and collaborative ecosystem.

Community Campaigns and ProgramsYES
Starknet Pro Score Integration YES
Starknet Pro Score CampaignTBD
Other CampaignsYES
SocialsDiscord: Twitter:
Discord Members6k

Are you looking for the best DeFi dApps on Starknet? Here is a complete article on the subject: Best DeFi dApps On Starknet: Discover Which One Lead The Way

Explore Carmine AMM and Grow Your Starknet Pro Score

Did you know your interactions on Carmine Options AMM can boost your Starknet Pro Score? Want to know how it works? Here are the details. Pro Score is a fun and handy tool to track your interactions on Carmine AMM and other Starknet dApps. A high Pro Score showcases your mastery of the Starknet ecosystem. How to use it? Open Carmine AMM from the dApp Gallery in your Braavos wallet and make transactions.  Carmine Finance Starknet Pro Score - Braavos WalletStart your Starknet adventure today! Measure your Starknet expertise and compete against other Starknet users with your Starknet Pro Score. Here’s your checklist of Carmine Options AMM transactions to enhance your Starknet Pro Score:

  • Open Position (Long, Short Call or Put)
  • Close Position
  • Stake Capital
  • Unstake Capital

Would you like to achieve a 100% Pro Score? Read all about it in the complete guide, which provides detailed steps to maximize your performance within the Starknet ecosystem.

Explore More Starknet dApps Like Carmine Options AMM with the dApp Gallery

Navigating the vast world of Starknet projects can be challenging, and we understand the need for reliable guidance. That’s why we’d like to help.  Explore the dApp Gallery on Braavos, your go-to destination for authentic Mainnet projects accessible with just a single click from your wallet. Dive into Starknet dApps with confidence. Our gallery is curated to showcase relevant projects, ensuring you engage with legitimate opportunities. A quick heads-up: While we prioritize your safety, helping you avoid fraudulent projects and cloned scams, we can’t guarantee foolproof projects or absolute bug-free environments. Stay informed, stay vigilant, and let the dApp Gallery on Braavos be your trusted companion in discovering promising Starknet projects. To explore the full list of Starknet projects in the dApp Gallery, download the Braavos Wallet. It’s free, and no funds are needed to explore. Enjoy exploring the innovative world of Carmine Finance on Starknet, discover new dApps, and enhance your on-chain reputation by growing your Starknet Pro Score!

Bertrand Blancheton

Bertrand Blancheton

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