In this opening expo into the derivatives markets and trading, we will dive into the futures market as it is largely the engine behind keeping equilibrium in the Soteria ecosystem.

19th century futures trading

Futures trading on a formal futures exchange in the U.S. originated with the formation of the Chicago Board of Trade (CBOT) in the middle of the 19th Century. Grain dealers in Illinois were having trouble with keeping their credit risk to grain counterparties low. The risk of grain prices falling after harvest made lenders reluctant to extend grain dealers credit to purchase grain for subsequent sale in Chicago, the idea…


This post is a tentative roadmap for Soteria. Since the space moves so fast we have the set the roadmap for the next 3–6 months, which is better since it allows us to move fast and iterate. A more comprehensive roadmap will be published in the future.

Rebranding

We are currently working with a well known designer in the space to rebrand Soteria. The name, logo, and website will be rebranded to better reflect our vision and concept.

V0

Soteria is an algorithmic stablecoin backed by a delta neutral position using derivatives. V0 allows users to issue/redeem USDS with BTC, and the…


The market has made its desire for stablecoins clear as more of the world’s value moves on-chain, and this momentum shows no signs of stopping.

While the boundaries are not always clear, stablecoins can largely be grouped into fiat-backed (USDT, USDC, BUSD, etc.), crypto-collateralized (DAI, sUSD, mStable, etc.), and algorithmic, the focus of this piece.

Algorithmic stablecoins (algostables) are tokens that deterministically adjust their supply using an algorithm with the goal of moving the token’s price toward a price target. Their main advantage over fiat-backed stablecoins is decentralization, and their main advantage over crypto-collateralized stablecoins is capital efficiency. While dwarfed…


We are excited to be able to launch v0 of Soteria to the general public! v0 of Soteria is a centralized version where Soteria will hold your BTC at FTX and create a delta-neutral position using BTC futures. USDS will be backed 100% by this delta-neutral position. Users can go to Soteria and issue/redeem USDS with BTC. The USDS of v0 is an erc20 token.
We have also written in detail how you can issue/redeem USDS here.

The purpose of v0 of Soteria is to get users comfortable with the idea of a stablecoin that is backed by a 100%…


We have just launched v0 of USDS as a public beta! You can now issue USDS and start earning 33.89% APY. (Yield will change based on market conditions.) In this post, we will walk you though the steps required to issue/redeem USDS.

Step 1: Registration

Go to https://soteriacurrency.app/login# and register your email address and password.


※Added on 04/12/2021
This is an overview of v0 of Soteria. Once derivatives dex starts accepting WBTC or ETH as collateral, we will not custody funds and users will be able to issue/redeem USDS trustlessly.

Introduction

There are a total of 46 stablecoins out there based on Coingecko. Stablecoins having been growing at a fast pace since its inception, but it has grown especially since 2020. The current market capitalization of stablecoins is close to $60 billion USD and has grown by close to 900% compared to a year ago.

https://www.coingecko.com/en/stablecoins

In this post we will analyze some of the stablecoins…


※Added on 04/12/2021
This is an overview of v0 of Soteria. Once derivatives dex starts accepting WBTC or ETH as collateral, we will not custody funds and users will be able to issue/redeem USDS trustlessly.

How do users of USDS receive interest? Does Soteria lend out the bitcoin it receives? In this post we explain how Soteria is able to generate interest for USDS users. We also explain why it’s less risky and more efficient than lending out your stablecoins like USDT, USDC to lending platforms (BlockFi,Celsius etc).

To understand how users receive interest, it is useful to understand how…


※Added on 04/12/2021
This is an overview of v0 of Soteria. Once derivatives dex starts accepting WBTC or ETH as collateral, we will not custody funds and users will be able to issue/redeem USDS trustlessly.

Introduction

We decided to start Soteria, a stablecoin project that enables users to trade, transact, and store a better stablecoin than the current options. We will first release USDS, a stablecoin that is pegged to the value of the USD. In the near future, we will release stablecoins pegged to other fiat currencies like the euro, yen, pound, etc.

Although there are many stablecoins in…

Soteria

Algorithmic stablecoin backed 100% by a delta neutral position using derivatives. https://www.soteriacurrency.com/

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