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Y2K Finance is an project that seeks to address the challenges associated with pegged assets. The project offers market participants the ability to hedge or speculate on the risk of a particular pegged asset, deviating from their fair implied market value. Its token $Y2K rose more than 650% over the last month.
It is a marketplace where you can buy and sell stable coin/token wrapper risk. If you are looking to hedge against a stable coin/wrapper, you may put up a “premium” in order to combat a possible black swan/de-pegging event. On the other hand, if you believe a stable coin/wrapper position will hold it’s peg, then you may sell risk, and receive rewards in return.
There are different levels of risk you may choose, with the riskier tiers being more highly rewarded. These risk vaults operate in epochs, where you can only deposit in a vault before an epoch begins. Each epoch lasts 1 month, and during this time your funds are locked until the end of that epoch.
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