Introduction

MYSO: the home of on-chain structured products and bespoke loans

What is MYSO?

MYSO v2 is an EVM-compatible DeFi protocol enabling users to lend and borrow any ERC20 token with fixed, individualized terms without price-based liquidations. Its flexible design supports a variety of structured product strategies, including trustless covered calls and convertible debt. The v2 protocol comes with two subsystems, referred to as the peer-to-peer system (Blitz Match) and peer-to-pool system (Whale Match), which both serve different use cases. In Blitz Match, lenders can create fully-customized loan offers or covered call strategies for any ERC20 token and choose their own custom parameters. Borrowers on the other side can quickly browse and filter offers and select the one that fits their preferences. Yields are generated through premiums paid by one counterparty to another, whether it be a fixed interest payment on a loan or an option premium paid to a user engaging in a trustless covered call strategy.

In Whale Match, users can create a convertible debt marketplace where larger borrowers can get matched with a pool of lenders. Projects and DAOs can use the system to unlock the borrowing power their treasury tokens by using them as collateral to borrow stablecoins, for example, and structure the loan with a conversion feature, allowing lenders to participate in the upside of the collateral token.

Million Yield Structuring Opportunities

MYSO's vision is to become the leading marketplace for sophisticated yield enhancement solutions, bringing covered calls and other TradFi structured product primitives on-chain. MYSO aims to create the largest on-chain structured products ecosystem, partnering with institutional users to bring competitive and organic yields to DeFi and build a thriving ecosystem of a Million Yield Structuring Opportunities.

Core Goals

• Offer the widest selection of crypto loans and structured product strategies across different tokens, chains, etc.

• Allow lenders and borrowers to have full flexibility and control over the terms of the loans they take on/underwrite

• Provide an avenue for DAOs/treasuries/whales to utilize idle tokens to generate organic stablecoin yields

• Promote the adoption of the most equitable token distribution mechanism in DeFi via the Initial Open Offering (IOO)

MYSO works to accomplish these goals through the MYSO DApp.