Autonomint

Autonomint has created a way for ETH and ETH LRT holders to hedge against price volatility at zero upfront cost, while borrowing up to 80% of the asset’s value in USDA+, our native stablecoin. This hedge is enabled by our on-chain Credit Default Swaps (CDS) mechanism. Users can deposit stablecoins or volatile assets into the CDS pool to provide hedging support to ETH holders. In return, they earn: 1. Non-interest yields from option premiums (Upto 200% APYs in pure stablecoin) 2. 3%–5% of ETH upside They take on some ETH downside risk, but it’s limited to 20% ETH price drop. We're backed by YardHub (strategic investor) and Optimism. We are audited by Sherlock (Combination of Private + Public Audit contest with 350+ auditors participation)