Description
ClearDAO is a decentralized derivatives factory that enables users to create custom derivative products. The platform features a Derivative Workshop to build derivatives, a Risk Management Library with tools to manage market risks, and the ClearDAO SDK, a set of smart contracts and modules for creating derivative products and trading platforms. This fosters a community-driven market where users can launch their own derivative trading platforms. ClearDAO provides templates for various products, including INDEX for crypto, NFT, and Metaverse; OPTIONS (vanilla, barrier, binary, digital); structured NOTES; crypto default swaps (CDS); token return swaps (TRS); and perpetual FUTURES with up to 50x leverage. Additionally, ClearDAO is a project focused on enhancing the utility of NFTs through protocols that support leasing, subleasing, and renewal of usage rights. Their proposed EIP-5187 standard, built on ERC1155, allows an NFT's usage rights to be leased to multiple users simultaneously for different terms, with automatic withdrawal at expiry. Potential applications include leasing tokenized financial licenses to multiple agencies and renting in-game items in GameFi and Metaverse platforms, which helps to lower entry costs for new players.