Jones Dao is a protocol that’s focused on managing options trading strategies for retail investors through their vaults. Options trading in DeFi is just starting to take off, with Dopex really leading the charge here, and Jones Dao are very closely aligned with them, using Dopex for the majority of their options trading.
Options trading in general is an enormous part of traditional finance. Even retail investing platforms like Robinhood see the majority of their revenue (~38%, in fact) come from options. And what’s great about this for DeFi is that options trading can be extremely profitable regardless of wider market conditions.
Ice Cream, one of the cofounders, talks through this in more detail in the episode, and shares their plans for going multi-chain, adding new vaults, the introduction of veJONES, and something I’m particularly interested in – their synthetic options LPs.