3 min readJan 19, 2024

Yesterday, Jan. 18, we got together with Overlay team members: ​​Adam (co-founder @ Overlay) and Mert (Director of the Overlay Foundation & CMO) for an insightful conversation on X Spaces.

In case you couldn’t catch the live action during the Overlay Protocol AMA, we’ve got you covered!

Dive into the juicy details about the project’s mission, unique revenue model, and the exciting roadmap ahead.

📅 Allowlist Applications Closing Soon!

The Overlay IDO Allowlist Applications are open until this Sunday, Jan. 21, at 3 PM UTC! Secure your spot Overlay Mission
* Product-Market Fit
* Unique Revenue Model
* Tokenomics Teasers
* Roadmap

Overlay’s mission revolves around breaking away from traditional revenue models, forging a path that challenges norms within the DeFi space.

Every transaction becomes a profit-driven event, emphasizing community participation as the heart of trading.

Trading is not just about numbers but a participatory venture where the community plays a central role.

Overlay’s path is not defined by a select few; it is shaped by community involvement — a central theme in their mission. This community-centric ethos is reflected in the fact that the community will own +30% of the tokens at TGE.

Despite incredible innovation in recent years, the primary use case in crypto today is still found in the ability to trade

Overlay Protocol gives the unique ability to trade pretty much everything, any asset in the world. If there is a data stream that is not manipulable, the asset is tradable. It’s a novelty on the market, addressing a huge potential customer group.

Sustainability Through Community Participation

A distinctive feature of Overlay Protocol’s revenue model is its commitment to community participation, intertwining traditional practices with innovative strategies, ensuring both sustainability and community-centric value.

For example, liquidation itself is a type of revenue to the protocol. When OV tokens are liquidated, a percentage of tokens are burned, and the currency supply goes down. This in turn increases the scarcity of remaining tokens.

As the DeFi landscape evolves, Overlay’s commitment to redefining revenue paradigms positions it as a trailblazer in the realm of decentralized finance.

Roadmap Highlights

Overlay Protocol outlined key developments on their roadmap.

The introduction of a referral system is among the more straightforward aspects. Simultaneously, the exploration of exotic markets, such as the burn rate of Ethereum and a volatility index tracking crypto-implied volatility, adds complexity and depth to their future plans.

These innovations reflect a forward-thinking approach to market dynamics.

We’re working on a volatility index that will track the implied volatility of crypto, and we’re working on a way of turning inscriptions data into a market as well. So that’s just a few of the things that we’ve got going on cooking in the back”

$OV Tokenomics and Valuation Details

The OV token goes beyond being a tradable asset; it provides a gateway for active participation in governance. As an ERC-20 token on the Arbitrum Mainnet, OV holds a dual purpose, fueling both trading and DAO governance.

The team’s dedication to releasing comprehensive tokenomics soon indicates a meticulous approach to transparency and community trust.

The intersection of DeFi enthusiasts and gamers

Recognizing the potential in markets where users have a passion for both numbers and gaming, Overlay Protocol sees opportunities to expand its reach. The hint at potential partnerships with gaming communities adds an extra layer to their target audience strategy.

As Overlay Protocol gears up for its IDO on Polkastarter, stay tuned for additional updates and future events.

Hungry for more exciting details? Listen to the full conversation: 🎙

About Polkastarter
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Originally published at on January 19, 2024.




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