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Parametrix — Team Lambdac
Parametrix is an oracle-native protocol for parametric risk settlement on Cardano. It enables users to hedge real-world risks‚ such as rainfall or other measurable events ‚ through deterministic smart contract execution. A hedger creates a pool and locks a premium, while liquidity providers subscribe by underwriting the risk. At settlement, the outcome is resolved using oracle data, and funds are distributed automatically based on predefined conditions.
The system is built as a full-stack implementation combining Aiken smart contracts, a MeshJS-based off-chain layer, a FastAPI oracle updater, and a Next.js frontend. The oracle is central to execution, not an add-on. Settlement depends entirely on validated external data, removing the need for claims, intermediaries, or manual verification.
Parametrix demonstrates a complete lifecycle ‚ create, subscribe, oracle update, and settle ‚ executed end-to-end on-chain. It introduces a new class of financial primitives on Cardano by enabling programmable, event-driven payouts.
This model has clear applications in agriculture, travel, and climate risk, and can evolve into scalable, liquidity-driven risk markets powered by oracle-based real-world settlement.
🎥 youtu.be/L75BTf7UHl4🔗
Code: github.com/lambdacc/param…
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