Assay

Introducing Assay, risk markets for onchain finance. Every DeFi yield has a risk price. The problem is that the market cannot see it. Assay makes that risk tradeable through markets for specific onchain conditions like depegs and rate spikes resolved from chain state.

A risk market only works if resolution is part of the instrument. The market should not be created in language and resolved by interpretation. In Assay, the condition that defines the market is also the code that resolves it.