§ timelock
Founder — led a team of 6 (tech, product, design, BD, marketing)
Apr 2025 – Apr 2026
Monad testnet
Solidity
Oracle-less pricing
Black-Scholes (adapted)
Uniswap-derived IV
Next.js
Founder · Oracle-less DeFi Derivatives
Timelock Trade
Oracle-less DeFi perps · $7.3M vol · 1k+ users.
Trading volume
TVL
Active users
Team led
Tab. 1 — key metrics
§ 01
The thesis
On-chain derivatives break in two places: they depend on price oracles that can be manipulated, and they liquidate users at the worst possible moment. Timelock removed both.
"Protected Perps" let traders only realize profit; the downside is borne by liquidity providers who are paid a premium for it — a structurally different risk transfer than a standard perp.
§ 02
The hard part: pricing without an oracle
Options were priced with a Black-Scholes model adapted for crypto, implied volatility derived from Uniswap pool data, and theta approximated via Dirac distributions — so the protocol could quote fair prices without trusting an external feed.
The product spanned perps, options, prediction markets and binary options.
§ 03
As a founder
I raised the idea, built the team of six across tech, product, design, BD and marketing, and drove it to $7.3M volume, $2M TVL and 1,000+ users on Monad testnet.
Fig. 2
Timelock Protected Perps trading terminal — WMON/USDC chart, Long/Short ticket, Monad testnet
Fig. 3
Timelock Protected Perps — payoff structure: traders only profit, LPs earn premium for the downside
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Stack
Monad testnet · Solidity · Oracle-less pricing · Black-Scholes (adapted) · Uniswap-derived IV · Next.js