Potion Review: Protocol based on Kelly Criterion for Risk Management, and Potion NFT Unlock Game to release

Wayne Jones • February 21, 2022

Potion Protocol is a web3 dApp that assists in creating automated insurance marketplaces in which buyers and sellers meet and trade at mathematically sustainable prices. How it works is you can buy Potion insurance on the price of, for example, Ethereum, locking a specific price. If the price of Eth falls below that price, the insurance will pay out.

In Potion Protocol, you may also take the opposite side and sell risk insurance (be an LP). As an LP using Potion Protocol, you may use the Kelly Criterion to trade at optimal premium and utilization combinations at all times. Hence, this results in a mathematical expectation of long-term sustainable risk management markets.

Potion Protocol's goal is to make DeFi adoption easier by offering Automated Risk Management on-chain. As a result, the crypto market becomes more secure, with risk products that are safe and sustainable for buyers and sellers.

Moreover, Potion Unlock is a novel paradigm for aggressive decentralization. It establishes a sustainable model for developers of DeFi innovations to focus on software development, as opposed to compliance rabbit holes. Engineering and design of the protocol is separated from deployment and maintenance. With the development of the Potion suite completed, Potion Unlock puts the audited project in the hands of the community.

What Potion Holds?

Potion Analytics

Potion Labs set up a specialized data-science lab to put the Kelly Machine through its paces. Potion Analytics is a set of tools that allow for self-service, no-code back-testing of the Kelly Optimal bonding curves.

The first one is the Kelly Academy that allows users to familiarize with Kelly Criterion in general. It has simple coin toss examples for this purpose

Then, there is the Kelly Optimal Premiums which are the extension of Kello Criterion into the realm of pricing. Kelly vs Black-Sholes is another one. It is a benchmark comparison of Kelly vs BSM .

Next, we have the curve designer is an easy to use custom curve creator with multi-market backtesting. Lastly, we have the Multi-asset pools that allows for the testing of single-curve multi-asset pools.

Potion Unlock

Potion NFT Unlock is a game that encourages the Potion community to work together to release the Potion Protocol into the public domain. With this one-of-a-kind strategy based on “aggressive decentralization” from the start, Potion Labs seeks to avoid the dangers of a traditional project launch, such as a small number of users wielding significant power over a protocol.

Potion Labs has taken the complete Potion protocol coding for risk management of crypto-assets, Potion Analytics and supporting documentation as an encrypted file, to be deposited into IPFS. Following that, they split its password into thousands of pieces and generate private keys which are provided to the Potion NFT minters who can acquire them through a private sale, a public NFT auction, or via airdrops being performed to OG community members.

Kelly Criterion

The Kelly Criterion is a systematic risk allocation approach utilized by some of the world's most significant risk practitioners. It provides a mathematical framework for making optimal capital allocation decisions in the face of uncertainty.

It is especially significant in this context since it is optimized for survival and growth through repetitive, continuous risk exposure instead of opportunistic single event risk-taking. It is the exact situation the project is aiming for: LPs in an AMM constantly selling risk contracts to achieve steady long-term returns.

The Kelly Machine

The Kelly Machine is a groundbreakingDeFi system. It enables LPs and users to trade collateralized risk contracts, including insurance, puts, calls, and potentially even more complicated derivative products. It accomplishes this using a long-term mathematical expectation of capital growth due to built-in risk management that is automatically applied to all trades.

The premiums for these risk smart contracts are generated analytically from Kelly Criterion optimals. They may then be generalized to apply to any utilization-based pricing scheme.

Key features

● Optimized for long-term capital preservation and growth throughout all market conditions: programmed to thrive in even the most volatile settings, such as crypto markets.

● Capital efficiency: Capital may be exposed to numerous risks simultaneously. It allows LPs to achieve better utilization levels and purchasers access a more comprehensive range of goods in deeper markets.

● Passive experience: LPs do not need to watch their positions continually. Bonding curves alter pricing dynamically to compensate for the risk.

● Broad product selection: Capital may be used to underwrite a wide range of product configurations, with many distinct combinations of a strike price, term, asset, and so on.

Kelly Machine Vs Black-Scholes

● Significantly less risky than Black-Scholes. There were discrepancies of up to 100% favour Kelly pricing, particularly for crypto assets.

● The maximum draw-down is lower than in Black-Scholes. In many situations, Potion Protocol achieved median max drawdowns below 30%.

● The long-term Alpha expectation is positive as a result of Kelly Optimal implementation.

● Simple experience for LPs and users, making the Potion protocol accessible to everyone, not just the wealthy.

● Allows the formation of a market equilibriumcentered on Kelly Optimal pricing.

Potion Lab’s NFT-based Business Model

Potion Labs' business model is a hybrid of many emerging approaches being tested in web3. They want to generate an income by selling Potion NFTs, with pieces of password to decrypt the Protocol, and commemorating the launches of their R&D. As a result, they will produce profits that will support operational expenditures, pay off debts, and keep them working on fascinating DeFi research.

There are six types of Potion NFTs or "rarities”, the more decryption power they have and the less redundancy the better. The first is the Fellowship NFT, the most common NFT (2,600 units auctioned) which provides 6.64% percent decryption power with a redundancy of 100. Advanced NFTs (1,800 units) have a decryption power of 13.13% and a redundancy of 40, so users will have more clout than Fellowship NFT holders.

Legendary NFTs have a decryption power of 17.51% and a redundancy of 25. Potion is only auctioning 750 of these NFTs, but owning them provides users with legendary status over other players.

Original Gangsters (OGs) NFTs (2,850 units) are assigned to their founding members and have a decryption power of 12.77% with a redundancy of 114. Following that, Kelly Knight NFTs (522 units) were made available at Potion's private sale. These NFTs have a decryption power of 9.52 percent and redundancy of 2, implying that Kelly Knights holders will have a significant power.

Lastly, the Wise Wizard NFTs (1,478 units) were also offered during our private sale to key DeFiplayers, and hold a decryption power of 40.43% with a redundancy of 2 as well, also giving their holders significant decryption capability.

The public sale of Potion NFTs is happening imminently. Whitelisting is live, and the Dutch-style auction will be from 28th to 7th March for the Fellowship, Advanced and Legendary Potion NFTs. Book the dates, they’re making history! After the public sale, the Potion NFT Unlock game should start for players to collaborate on-chain to bring enough pieces of password together and decrypt the protocol’s codebase and release it to the public domain.

Potion's Future Goals

Potion Labs' first purpose is to provide a faultless NFT minting experience, while also having fun hosting the Potion Unlock game. It is a novel, revolutionary release method, and the team is eager to give the most excellent possible experience for everyone who contributes to the Potion Unlock open-ended game to potentially decrypt the Potion protocol and release it to the public domain with a sustainable business model for Potion Labs.

On the product front, they are thrilled about expiration-free, pay-as-you-go insurance and automated curve management, two enormous boulders for which they have great ideas and that are a natural next step for this initial release. Long term, Potion Labs dreams about an automatic tail risk hedger for asset portfolios, where one may keep their holdings in a black swan-secure way for a long time.

Final Thoughts

Beyond Potion Labs and its initial specific insurance application, the team feels it is beneficial to think and develop more trustless financial applications like the Potion Protocol. Cooperation among societal actors, like that of the Potion Unlock game to release the protocol’s codebase to the public domain, can yield enormous benefit from this dApp. The long-term effect potential for the development of public goods with a sound business model like that of Potion Labs is substantial.

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Disclaimer: This is not trading or investment advice. The above article is for entertainment and education purposes only. None of the content on Crypto Folds is investment advice nor is it a replacement for advice from a certified financial planner. Please do your own research before purchasing or investing into any cryptocurrency.

Helvetic Broker Launches on App Store and Play Store to Make Crypto Management Safe and Simple

By Press Release • October 14, 2025

Helvetic Broker , an AI-powered self-custody crypto application, has become available on the App Store and Play Store. A team of Swiss engineers has been building the app since 2023 to democratize crypto and make blockchain technology safer and more accessible. Apple and Android users can now install the app on their devices and manage their digital wallets and tokens in real-time and effortlessly. Helvetic Broker was born from the increasing demand for seamless and secure transfers across blockchains. Major industry debacles, such as the 2022 FTX collapse, have also fueled the need for a safe, effective, and user-friendly solution that allows users to retain ownership of their private keys. Helvetic Broker incorporates these benefits, enabling users to track their wallets, transfers, and addresses from a single dashboard, securely and conveniently. Security is one of Helvetic Broker’s standout features. The app maintains private keys encrypted on the user’s phone. It also requires biometric authentication for each transaction.Helvetic Broker’s servers have read-only access to public keys when displaying balances. This approach aligns with the team’s vision of making crypto management as natural and intuitive as e-banking, without straying from the true purpose of decentralization. Helvetic Broker is continuously expanding its catalogue. To this day, it supports wallets like Ledger, MetaMask, and Trust Wallet, as well as CEXs such as Coinbase, Kraken, and Binance, and DEX like Uniswap. The team plans to further grow the list of integrations to bridge people and cryptocurrency with simple and secure crypto management solutions. In its mission to return financial autonomy to people, Helvetic Broker created a highly intuitive user interface. The app’s dashboard provides an instant, customizable overview of all the user’s wallets, sorted by wallet, by token, or aggregated in a currency of choice. This simplicity appeals to both first-time crypto users and experienced traders. Helvetic Broker also simplified transfers between wallets and exchanges by completing transactions automatically and effortlessly. The app's self-custody features enable users to manage their assets as they see fit and diversify their portfolios with ease. More importantly, as they have complete control over their private keys, users don't risk losing access to their digital assets if crypto exchanges collapse overnight due to hacker attacks or government restrictions. Helvetic Broker continues to innovate and simplify crypto management. For example, its AI-powered crypto assistant helps users understand their portfolios, create accounts across platforms, place orders, and automate transactions. All these actions are available to the user on one intuitive interface. About Helvetic Broker Helvetic Broker was founded in Switzerland by an experienced team of passionate engineers. Their goal is to utilize their crypto expertise to make the cryptocurrency space more accessible and easier to navigate. Its self-custody, AI-powered application helps users understand and optimize trades, cut fees, and make smarter investments. Helvetic Broker is now available on the App Store and the Play Store. Discover how you can access the overview of your wallets in one click and in a way that fits your needs. Learn more about Helvetic Broker on its official website and its social media channels, including X , Telegram , Discord , LinkedIn , Instagram , and YouTube . CEO Guillaume Grandjean, is available for interviews and will be happy to answer any further questions from the media.

ANOME Completes BNB Chain Integration, Ready to Activate “Meme Realms”

By Press Release • October 10, 2025

Web3 entertainment protocol ANOME has completed technical adaptation for BNB Chain and passed its first integration test, paving the way for ‘Meme Realms’ — a new feature that lets any BNB ecosystem meme coin launch its own stand-alone gaming universe in just one day. The milestone confirms full readiness for activation and marks a new phase in ANOME’s expansion and positions ANOME to expand into the BNB Chain GameFi and NFTFi ecosystem. Meme Realms Ready for Launch Meme Realms will be a modular system letting any BNB-ecosystem meme coin become its own on-chain game world within one day. Each Realm functions as an independent economy, where players mint, trade, and battle using that realm’s meme coin. Realms include NFT card assets, leaderboards, seasonal quests, and liquidity pools, all native to BNB Chain. “We’ve completed technical adaptation to the BNB Chain,” said an ANOME Product Lead. “Integrating a meme takes just one day — ready to activate anytime for rapid expansion.” Turning Meme Culture Into On-Chain Impact Every action inside a Realm (minting, selling, battling, and claiming rewards) occurs directly on the BNB Chain. Each meme coin Realm adds measurable transactions, liquidity, and user activity to the network. The design ensures economic isolation between Realms while maintaining full on-chain transparency. “Meme is culture,” an ANOME spokesperson said. “We convert that cultural energy into verifiable BNB Chain momentum - more users, more TVL, more real data.” The project’s key highlights include the following points: One-Day Onboarding : Any BNB meme coin can become an active Realm within 24 hours. Native Settlement : Players mint and trade directly in the meme coin of that Realm. BNB Impact Reports : ANOME will regularly publish metrics (every 30, 60, and 90 days) on its community. The reports will include active wallets, liquidity, and interactions, all on-chain. 3×3 PvP Battles : The project will let players compete using five NFT cards per match. The main thing to know here is that any defeated cards will be burned to sustain all the reward pools. Loss-Mining Rewards : Losing is not a “real loss” in this ecosystem. In fact, players will still earn time-released compensation tokens. ANOME’s integration expands the entertainment layer of BNB Chain. Each Realm generates verifiable usage, isolated liquidity, and transparent capital flows. The system channels meme-driven attention into measurable blockchain activity and strengthens BNB Chain’s GameFi and NFTFi sectors. About ANOME ANOME is a Web3 entertainment protocol bridging gaming, culture, and decentralized finance. Its core module combines NFT minting, 3×3 PvP card battles, and the Loss-Mining reward system. With full BNB Chain readiness, ANOME introduces Meme Realms. The initiative represents a fast, modular framework where meme communities evolve into complete, on-chain universes. Anyone curious to learn more about ANOME and its next advancement plans can refer to the project’s website . Also, the social media below are the best way to keep in touch with this team. X (Twitter) | Telegram | LinkedIn | Discord | Instagram | YouTube | Medium | TikTok

New Era for Prediction Markets: SX Bet Launches First-Ever P2P Parlays and $50K Tournament

By Press Release • October 10, 2025

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Permute Surpasses $1M in Transaction Volume in One Month Since Launch

By Press Release • October 2, 2025

Permute , an accessible Bitcoin bridge platform, announced that it has surpassed $1 million in transaction volume since its launch on August 26, 2025. This milestone was achieved through more than 1,000 transactions, averaging $1,100 each, and nearly $25,000 in daily volume. The strong early adoption reflects growing trust in Permute’s platform and its mission to unlock Bitcoin liquidity across blockchains. Formerly known as BitcoinBridge, Permute provides a secure and cost-efficient way to transfer native Bitcoin across leading blockchain networks. With transaction fees as low as 0.1%, Permute is up to 10× more economical than competing bridges. Built to scale, Permute’s architecture is designed to support transaction volumes of up to $1.5 billion per month. Its dynamic liquidity routing system minimizes idle funds and cuts costs by ~90%, enabling a sustainable low-fee model. The platform can also be deployed to new chains within days, rapidly expanding reach for users. Permute enables Bitcoin holders to move value across leading blockchains at scale whether millions or even hundreds of millions without relying on per-chain smart contracts or fragmented liquidity pools. Its architecture is anchored in Trusted Execution Environments (TEEs), which perform in-enclave verification and eliminate the need for custodial wrappers or intermediaries. This design makes it possible to settle transactions in actual Bitcoin while keeping fees as low as 0.1%—nearly 10× cheaper than traditional bridges. Security is another aspect that differentiates Permute from its competitors. Permute uses Trusted Execution Environments (TEEs) and threshold cryptography to secure keys and signing. These features are similar to the security techniques used by top exchanges and institutions in the broader crypto industry. Permute currently supports major networks and assets including Ethereum, Avalanche, Arbitrum, Berachain, BNB Chain, wBTC, USDT, USDC, and DAI, with additional integrations already in development. Now live on mainnet, Permute is open to all users. To showcase its cost advantage, the platform offers a savings calculator that lets users instantly see how much they stand to save on fees when moving Bitcoin across chains with Permute. About Permute Permute is a native Bitcoin bridge, enabling secure, low-cost swaps of BTC into leading blockchains and assets like ETH, AVAX, BNB, ARB, and more. Built for both retail and institutions. Permute combines deep liquidity, ultra-low fees (0.1%), and non-custodial security to deliver the most reliable bridge for unlocking Bitcoin in DeFi. Learn more about Permute on its official website and its social media channels, including X and Telegram .