A borrower position in @nondollar_life is secretly an options collar.
You buy a put. You sell a call. You keep the tail.
And the dCDS pool is the counterparty to both legs.
Here's what actually happens when you repay 🧵
3 years ago I was a mechanical engineering grad who'd never written Solidity.
Today my smart contracts hold real money across 5 chains, are Sherlock-audited, and earned us an Optimism grant.
Here's what I built and what I learned