2olympuslabs_white_paper_v1.3 As of November 2017,

文件名称: 2olympuslabs_white_paper_v1.3

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上传时间: 2018-01-15

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详细说明： As of November 2017, the total market cap of all cryptocurrencies stands at around $200 Billion USD. This is in comparison to a mere $40 Billion market cap at the beginning of the year, and a stunning success for a market that did not exist less than a decade ago. However, cryptocurrency as an asset class is still in its early days, as a single company’s stock valuation can be multiples of times larger than the entire cryptocurrency market. A simple comparison to the market cap of other asset classes in this visual shows the lim ited scale but also the great future potential of the cryptocurrency market. To point out a few figures, the global stock market is worth $73 Trillion, the debt market is worth $215 Trillion, the real estate market is worth $217 Trillion, and the derivatives market is worth $544 Trillion. We believe that the cryptocurrency market can become as developed as these existing asset classes, and it is our mission here at Olympus to create the cryptocurrency asset class. Our vision is to bring cryptocurrency-based financial products to main street and to financial institutions in a safe, secure, and transparent manner. This will make it so that the average investment portfolio in the future will include cryptocurrency financial products as much as it includes equity, fixed income, and real estate financial products. Cryptocurrency-based derivative products that are powered by blockchain and smart contract technology will play a key role in building cryptocurrencies into an asset class that is both mature and sustainable in the long term. The current cryptocurrency market experiences high levels of volatility and correlation of price movements tends towards 1 during market crashes. Both of these tendencies leave investors without any downside protection. This means that most of the risk that investors are exposed to is systematic market risk and not idiosyncratic risk, and thus diversification in terms of owning more cryptocurrency types will not solve the fundamental problem of extreme downside risk. The only viable strategy for most seems to be buy, hold and pray; this needs to change for cryptocurrencies to enter into its golden age. Cryptocurrency financial derivative products are critical because they allow the creation of well-diversified cryptocurrency portfolios that can hedge against market risk and extreme volatility. This can allows portfolio managers, asset managers, and private wealth managers to construct cryptocurrency portfolios that are suitable for their investors and meet their !3investment mandates. Average investors will also be able to participate in this market as they can gain exposure without massive volatility and risk to their portfolio and investment capital. Olympus will create cryptocurrency indexes akin to the S&P and work with fund managers to create cryptocurrency funds that meet the investment goals and risk tolerance of their investors. Of course, cryptocurrency derivative products can also be used by more experienced investment professionals to take on more customized exposure and to leverage up. Here, Olympus Labs presents an innovation known as leverage without margin that structurally changes the traditional derivatives framework. Olympus Labs is a blockchain-powered cryptocurrency financial ecosystem that defines the protocol for cryptocurrency-based financial products. The Olympus ecosystem provides investors with a comprehensive financial marketplace filled with financial products, services, and applications that serve their investment needs. Olympus Labs provides the products and tools for investors to properly manage their crypto-wealth, giving them the ability to construct a well-diversified portfolio, to hedge against downside risk, and to make positive returns in any market condition ...展开收缩

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