2026-06-02·Ethereum Research·vbuterin·score 0.70
Building index-tracking assets on top of options instead of debt
Special thanks to Vladimir Novakovski, Curve developers, and others for feedback and review. Suppose that you have some ticker T , which represents a price index denominated in ETH. For example, T could equal the USD/ETH price (ie. inverse of ETH/USD). Or CPI/ETH (aka CPI/USD * USD/ETH). Or the same for any other commodity. Or more exotic indices (eg. average rent prices in a city). You want to give users the ability to have exposure to T . In simpler terms, your goal is to create something like a synthetic asset that tracks T , without relying on centralized issuers, on top of an ecosystem wh
The proposal for index-tracking assets using options contracts could reshape DeFi's approach to market stability.