and were starting to delve into its mechanics when we saw the ethereum white paper. We were captivated. Back in 2014, ethereum was the blockchain that introduced the world to smart contracts—code that removes the need for middlemen by automating agreements between individuals. With ethereum, anyone could conduct transactions without having to go through banks or brokerages. Decentralized finance was born.
Our excitement mounted as we talked it through. How do we define an option? How do we code an options contract? What elements need to go into the design of an automated trading system? We began to design an options protocol on Solana. And we started entering hackathons—events where developers come together for intensive coding sessions and standout projects can win cash, mentoring or other kinds of support to help them bring their ideas to market.
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