# Carmine Finance

> Building towards the future, on-chain

Carmine Finance is a blockchain service provider building risk management technology for decentralized finance. It offers an options AMM, risk monitoring tools, governance smart contracts, and on-chain analytics for protocols and users.

Carmine Finance is a blockchain service provider focused on decentralized finance risk management. It builds technology that helps protocols and users understand and mitigate exposure to market risk, hedge positions, and analyze on-chain behavior. Its work spans smart contract development, market making, and custom blockchain consulting for both traditional finance and decentralized finance companies.

The company addresses the difficulty of pricing and managing risk in decentralized markets, where lending protocols and traders often lack tools comparable to those available in traditional finance. It builds options based instruments and monitoring systems that let users hedge against volatility, impermanent loss, and liquidation risk, and it applies similar analytical approaches to help protocols understand user behavior and measure engagement.

Its product lineup includes Carmine Options AMM, an options trading protocol, alongside DeRisk, a tool for measuring and mitigating risk in lending protocols, Konoha, a smart contract toolkit for decentralized governance, and Segmento, an analytics tool for tracking blockchain user behavior. It also provides custom smart contract development, arbitrage, and market making services. These offerings are used by decentralized finance protocols, traders, and blockchain projects seeking risk management and analytics support.

- Type: Company
- Sector: Service Provider
- Status: Active
- Founded: 2022-01-01
- Profile: https://thegrid.id/profiles/carmine_finance

## Products

- [Konoha](https://thegrid.id/profiles/carmine_finance): Konoha is governance infrastructure for Starknet protocols, providing smart contracts for token staking, vesting, airdrops, upgrades, and treasury management. It enables voting systems and proposal management so protocols can run decentralized governance processes. Projects use Konoha as a single toolkit for onchain governance functions rather than building custom contracts. (DAO Management Platform, Live)
- [DeRisk](https://thegrid.id/profiles/carmine_finance): DeRisk is a cross-protocol risk monitoring platform for DeFi lending protocols on Starknet, tracking loan positions, liquidation prices, and collateral metrics. It aggregates shared insights across lending protocols to help protocols assess risk exposure and optimize security pool capital. The platform also offers options-based protection against loans at high risk of unprofitable liquidation, functioning as insurance against bad debt. (Risk Assessment, Live)
- [Carmine Options](https://thegrid.id/profiles/carmine_finance): Carmine Options AMM implements an automated market maker for European-style crypto options on Starknet, enabling users to buy, sell, and write options across multiple asset pairs. The protocol manages liquidity through pooled capital where providers deposit assets and earn fees, with pricing determined algorithmically based on implied volatility updated through trade activity. Governance over new trading pairs and protocol parameters is handled by CARM token holders through on-chain voting contracts. (Derivatives, Live, Main Product)
- [Segmento](https://thegrid.id/profiles/carmine_finance): Segmento is an on-chain analytics platform for DeFi protocols and projects, providing tooling to analyze user blockchain behavior, segment wallet audiences, and measure campaign performance including key opinion leader ROI. The platform processes on-chain transaction data to deliver protocol-level insights into user activity and engagement patterns. (Data Terminal, In Development)
- [Carmine Options AMM](https://thegrid.id/profiles/carmine_finance): Carmine Options AMM is a decentralized derivatives protocol offering an automated market maker for European-style crypto options on Starknet. Users buy, sell, and write options across multiple asset pairs, with pooled liquidity where providers deposit assets and earn fees. Pricing is determined algorithmically based on implied volatility that updates from trade activity. Governance over new trading pairs and protocol parameters is handled by governance token holders through on-chain voting contracts. (Decentralized Derivative Exchange, Live, Main Product)

## Assets

- [CRM Token (CRM)](https://thegrid.id/profiles/carmine_finance): CRM is the governance token of Carmine Options, a decentralized options trading protocol on Starknet. It is used to vote on protocol proposals and claim a portion of protocol fees through revenue-sharing. Holders must stake their tokens to receive veCRM, which grants voting power in the governance system. (Governance)
- [veCRM Token (veCRM)](https://thegrid.id/profiles/carmine_finance): veCRM is the vote-escrowed governance token of Carmine Options, a decentralized options trading protocol on Starknet. Holders receive it by staking CRM tokens, and it grants voting power in the protocol's governance system along with a share of protocol fee distributions. Locking CRM into veCRM ties governance influence to long-term commitment rather than simple token holding. (Governance)

## Links

- [Main](https://www.carmine.finance)
- [Documentation](https://docs.carmine.finance/carmine-options-amm)
- [Terms of Service](https://github.com/CarmineOptions/fe-app/blob/development/TermsOfUse.md)
- [GitHub](https://github.com/CarmineOptions)
- [Discord](http://discord.gg/VBenCqUcGn)
- [Telegram](https://t.me/konoha_dev)
- [LinkedIn](https://www.linkedin.com/company/carmine-finance)
- [Medium](https://medium.com/@carminefinanceinfo)
- [Paragraph](https://paragraph.com/@carminefinance)
- [Twitter / X](https://x.com/CarmineOptions)
- [Twitter / X](https://x.com/CarmineOptions)
- [Twitter / X](https://twitter.com/CarmineOptions)

## Relationships

- [Remus](https://thegrid.id/profiles/remusdex_xyz): Subsidiary

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