Antimatter Finance Review (MATTER) [On-chain DeFi Derivative Protocol]

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One of perhaps the most pressing flaws with the world of decentralized finance (DeFi) at the moment – and no doubt among the bigger reasons why more people aren't using them – is its ease of use. Even just popping open a DeFi application on your web browser can be a scary experience, and you probably don't know what you're doing or what any of the buttons do. In today's Antimatter Finance review, we're going to take a look at one platform that is trying to change that.

Of course, complex financial software and applications aren't entirely a new thing, as using a Bloomberg Terminal is by no means an easy feat. With decentralized finance, however, you're traversing into an unregulated sector where money can disappear at an instant's notice even by an innocent mistake, which can put off some people that might otherwise be tempted. Antimatter Finance wants to solve all that with its own platform so that even babies can start using DeFi.

As their website puts it rather neatly, think of Antimatter Finance as the Uniswap for more complex and professional financial offerings that the big boys and girls over at Wall Street would only dare to dabble with (like trading options or derivatives). With Antimatter Finance, you needn't force yourself into trading on a centralized exchange, nor do you need a Ph.D. to learn how decentralized finance works. So, read along our Antimatter Finance to learn how it can change DeFi for the better.

What Is Antimatter Finance (MATTER)?

Antimatter finance review

Antimatter Finance is among the newer decentralized finance protocols to have been launched recently, with its initial concept being teased around mid-February 2021. It is the brainchild of Jack Lu and Robert Hu, with both of them having extensive experience with decentralized finance-based applications and services. Jack Lu was the creator behind Bounce Finance, while Robert Hu is the creator of both Helmet Insure, and UU Finance.

Antimatter Finance describes itself quite simply as an innovative and cleverly lightweight DeFi protocol designed for on-chain and cross-chain operations, mostly concerning perpetual options and around the concept of a polarised token mechanism. Their goal is to solve the challenge of building and executing complex long and short trading strategies, which can be extremely difficult on other DeFi services, especially for users with little technical experience.

With its initial launch planned not too long after writing this Antimatter Finance review, they hope to create a DeFi protocol that is simplistic and convenient to use, which could be easily ramped up for mass adoption. This will be the main priority for every other financial product that is to be launched by Antimatter in the coming months. The first Antimatter-built financial offering will be made live before April 1st, 2021, which will be a perpetual ETH (Ethereum) put option.

Who Are The Backers Behind Antimatter Finance?

In late 2020 – not long after Antimatter's first public concept reveal – it closed a $150,000 seed funding round, which was led by NGC Ventures, Spark Digital, and Monday Capital. We'll discuss more in-depth the tokenomics later, but its seed funding round saw Antimatter Finance disburse 8.15-million MATTER cryptocurrency tokens through the seed sale – which is 8.15% of the total token supply – at a price of $0.00184 for each MATTER token.

At the time of writing this Antimatter Finance review, they have already gone through a token generation event (TGE) in early March, which was followed by an initial DEX offering (IDO) on a decentralized exchange (DEX) for a public sale, which was completed on February 27th, 2021. As for the three companies and institutions that took part in the initial seed funding phase for Antimatter Finance;

  • NGC Ventures – among the largest and most prominent institutional investment firms that have poured money into blockchain technologies and distributed ledgers, which was also a leading supporter of many leading protocols today, including Polkadot, Solana, Algorand, KuCoin, and etc.
  • Spark Digital – a research-focused cryptocurrency fund that has invested into the future of blockchain technology, which has focused largely on trying to build up blockchain projects for mass adoption and has supported projects such as 1inch, The Graph, and more.
  • Monday Capital – a development-focused fund that is built and run by engineers with an eye for finding exciting developments in new and emerging technologies, which has counted a lot of projects under their portfolio, such as Hacker Noon, Stellar, Umbrella Network, Chainlink, and so on.

What Is A Polarized Token Mechanism?

One of the most intriguing innovations that we've found while writing this Antimatter Finance review is their creation of what is known as ‘polarised tokens.' In essence, it's a new concept of a financial product that can be enabled with Antimatter's technologies and by giving its traders a way to gain more leverage and exposure from a particular option, as well as open up more secondary markets. As for how it works…

An options product will always have two opposing forces – positive (call) and negative (put) options, where traders can bet on options going up (go long = bullish)) or down (go short = bearish), respectively. Using Antimatter's own formula, the two forces will balance each other out and make the sum of the two equal to a constant and will be maintained by creating and burning tokens that represent both forces. Antimatter's most basic formula is simply: “Value(Long) + Value(Short) = C”.

How Do Polarized Tokens Work?

As an example of this “First Antimatter Law,” we can use Antimatter's ETH($4,000) put option as a demonstration. By depositing a set amount of ‘C' collateral into the ETH($4,000) option, the trader will get a pair of tokens – [+ETH] and [-ETH] to represent call and put options, respectively. The amount of [+ETH] will always equal the amount of [-ETH] in the market, and traders can exit the ETH($4,000) product by redeeming the ‘C' amount worth in USDT using [+ETH] and [-ETH] tokens.

Traders can otherwise trade [+ETH] and [-ETH] to speculate on market movements of Ethereum and gain long (bullish) or short (bearish) exposure to its price. Holders of [+ETH] can earn funding fees generated from [-ETH] holders and additional fees for maintaining equilibrium. It also opens up opportunities on Antimatter Finance to earn from arbitraging opportunities if the value of [+ETH] and [-ETH] tokens in their options are higher or lower than the collateral value of the constant ‘C.'

What Are The Core Features Of Antimatter Finance?

Thus far, we can see in our Antimatter Finance review that they are already making moves to diverge from other offerings in the DeFi space. Not only do they offer a platform that is safe and easy to use, but also by integrating a whole new method for trading financial products in the form of polarised tokens. However, there's more that Antimatter has to offer. Here are some of the core features that their entire platform has been built on;

  • Innovative and elegant DeFi protocol – allows users and traders on Antimatter to easily execute a complex mixture of put and call strategies fully on-chain within a wholly decentralized platform.
  • Auto rebalancing polarised token mechanism – an extension of what we learned earlier, Antimatter offers a way that funding, fee distributions, and rebalancing of your strategies and portfolios can be done automatically.
  • Secondary market opportunities – Antimatter aims to have its products, which are fairly simple at its core, to be able to open up more secondary markets for its traders other than simply through trading put or call options, which can include arbitrage, market making, or passive yield earnings.

  • Simple and easy to use – trying to solve one of the biggest downsides of practically every other competing DeFi solution in the market today, Antimatter wants to build its platform and financial products to be user-friendly, without any complexities or fine-print, and ready for mass adoption.
  • Self-sustainable – as is a fully decentralized protocol, Antimatter aims to be self-sustaining in its operations and will be governed by its community (through MATTER tokens), as fees from products and earnings from its protocol will be used for MATTER buybacks.
  • Cross-chain compatible – made to allow Antimatter's products to be powered and traded on multiple blockchains, which can be made compatible with Ethereum, Polkadot, Binance Smart Chain, and more. One of their latest introductions is the Antimatter Cross-Chain Bridge, which can allow for MATTER cryptocurrency tokens (as well as others that can be integrated soon) to be swapped and bridged across the Ethereum, Binance Smart Chain (BSC), and Huobi ECO blockchains.

What Are Antimatter Finance's MATTER Cryptocurrency Tokens?

The primary cryptocurrency token of the Antimatter Finance ecosystem is MATTER. It functions mostly as a utility token, which can be attained through staking, liquidity pool farming, governance, or voting rewards, as well as through option creation, redemption, and providing into a liquidity pool. MATTER cryptocurrencies can also be used by users to gain discounts when needing to pay for their protocol fees, which are incurred for transactions, and while generating or redeeming options.

According to data from CoinMarketCap, the price of one MATTER is valued at $4.13 at the time of writing this Antimatter Finance review, and it marks a very steady upwards trajectory following Antimatter's public IDO on February 27th. There is currently a circulating supply of 9,396,333 MATTER, from a total supply cap of 100,000,000 MATTER tokens. This gives it a market capitalization value of $38,825,082.52, or $413,193,967.88, as a fully diluted market cap.

As we've highlighted earlier on in our Antimatter Finance review, they have already raised $150,000 through a seed funding round from three venture capital firms. To date, they have already raised $750,000 in total – $150,000 from the aforementioned seed sale, $550,000 from a private sale to strategic investors, and $50,000 in a public sale through its initial DEX offering (IDO). As of now, MATTER tokens function more as a tool to help with platform governance.

How Do The Tokenomics Work With Antimatter Finance's MATTER Tokens?

However, more utility will be baked into Antimatter Finance in the coming months, where MATTER tokens can be of better value. One example of how MATTER cryptocurrencies can be expanded in use from its current on-chain governance functions is OptionSwap. Once Antimatter's on-chain options products are up and running, they will build a swapping platform for tokenized options, and MATTER cryptocurrencies will be used as the primary platform currency for OptionSwap.

The release of MATTER tokens following the lock-up periods for the early sales will gradually start building up after launch, with a gradual token emission until 50-million MATTER tokens are distributed. The remaining 50-million MATTER is allocated to maintain Antimatter Finance's platform liquidity and network incentives. The latter can be earned through several new DeFi mechanisms that may be introduced, such as liquidity mining, mining rewards, staking, and more.

What Are Antimatter Finance's Future Roadmap Updates?

As of this Antimatter Finance review, they have yet to launch their product fully on the market, although this is expected to happen very soon. As mentioned earlier, their first product will be a perpetual ETH (Ethereum) put option, slated to be launched before April 1st, 2021. Following that, we've also noted earlier on that they have plans on introducing more DeFi services and offering for its future userbase to earn from and use, such as the introduction of OptionSwap.

This also includes expanding their cross-chain services, and we could see more protocols using Antimatter's ChainSwap to bridge their tokens across to blockchains. Currently, their roadmap for 2021 is focused mainly on the launch and gradual introduction of new options products on Antimatter. Q1 of 2021 will see the introduction of polarised tokens to Antimatter, which includes ETH and [-ETH] polarised token pairs in addition to their perpetual ETH put option.

In Q2 of 2021, Antimatter will be building new perpetual options products for other tokens, such as Wrapped BTC (WBTC). This includes both put and call options for those tokens. Q3 to Q4 of 2021 and beyond that will see more ambitious plans from Antimatter Finance, with new tokenized call and put option swapping, the expansion of their decentralized on-chain governance, as well as a new platform where traders can create their own customized perpetual options.

Antimatter Finance Review – Conclusion

In summarizing our Antimatter Finance review, we can't help but feel very hopeful for the project's future success. No doubt, the first major obstacle for Antimatter will be launching their first financial products on the market with their ground-breaking polarised tokens mechanism. The reception from that launch will be crucial in seeing how far, and fast Antimatter can scale up from there, but given the appetite we're seeing right now within the DeFi sector, we're certainly bullish on their prospects.

Decentralized finance is a garden with very high walls and one that outsiders are continually struggling to scale. Even professional mainstream traders will find themselves scratching their heads at how DeFi works, especially if they're looking for more advanced trading. Although more of a niche compared to some other spaces in the DeFi world, Antimatter Finance occupies this spot rather well with a platform that puts empowering simplicity and ease at the heart of the new age of finance.

Antimatter Finance Review
Overall
4.6
  • Ease of Use
  • Features
  • Project Values
  • Tokenomics Model
  • Long-Term Sustainability

Pros

  • Putting user-friendliness at heart, thus making Antimatter's platform and products very easy to use, such as the inclusion of auto rebalancing.
  • Innovative new polarized tokens will allow users and traders to have more monetizable trading and investment opportunities (i.e arbitrage or farming).
  • The protocol is cross-chain compatible, thus allowing Antimatter's products and MATTER cryptocurrency tokens to be traded across different blockchains.
  • Continued commitment to innovate with introducing new services such as polarised token swapping, or through creating tokenized options.

Cons

  • Will come under intense pressure and competition from other DeFi protocols, once their first financial product will be launched.

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Enzor Matrix

Great review, thanks Jesus!