Y2K Y2KPrice $ 0.0207

Y2K Finance is a suite of structured products designed for exotic peg derivatives, that will allow market participants the ability to robustly hedge or speculate on the risk of a particular pegged asset (or basket of pegged assets), deviating from their "fair implied market value". Y2K features the following Products: 

• Earthquake. Earthquake vaults redefine a core traditional Financial product, catastrophe bonds (CAT), while applying the primitive to a native DeFi setting. A CAT bond is an instrument that pays the issuer when a predefined disaster risk is realized, such as a hurricane or an earthquake. Earthquake uses the CAT bond concept but applies it to a de-peg event for stable coins, liquid wrappers and other derivative products in DeFi.
• Wildfire. Wildfire is the secondary market place that builds on top of Earthquakes tokenized vaults. Since collateral is locked up for the duration of the vault cycle, this secondary market allows users to enter and exit positions in real time via its order book. Trades are made using signed transactions from the taker, and pushed on-chain when finalized by the taker via 0x Protocols contracts. These are battle-tested contracts that Y2K will leverage to give users the best trading experience. 

Y2K token is the utility token of the Y2K ecosystem, shaping the direction of 2 flagship products: Earthquake and Wildfire. Following the IFO, $Y2K can be locked for vlY2K which will exhibit the following functions:

• Governance 
• Protocol revenue sharing (30% of fees)
• Direction of emissions.