summary: Premia is a collection of DeFi Smart Contracts on the Ethereum blockchain. 
content: Premia is a collection of DeFi Smart Contracts on the Ethereum blockchain delivering Financial Instruments as a Service to Users. Overview Premia utilizes ERC1155 for the securitization of covered options contracts where the token collateral is locked up with the smart contract until either expiration, exercise, or early cancellation. The Premia Options Minter was constructed to be able to write Options for any Token Denominated in either DAI/WETH/WBTC. By using the ERC1155 Token Standard we can verify that each option minted is uniform to all other like options of its kind i.e. maintain the same expiration/strike price and can be exercised for a like amount of of the underlying asset as deemed within the specifications of the options contract. uPremia is a non-transferable token that's sole purpose is used to mine the Premia emitted via Interaction Mining. uPremia is staked in the Mining contract and proportional to the amount staked, users are rewarded a fixed amount of Premia per block The Premia marketplace is now available, not only on the Ethereum network with support for ERC20 tokens, but also Binance’s smart contract network, known as BSC, supporting BEP20 assets. Functionality Premia is a collection of Defi Smart Contracts on the Ethereum Blockchain Premia delivers Financial Instruments as a Service to Users, in which the use of the Premia Token is incentivized through various methods Premia Phase 1 delivers functions to underwrite financial contracts traditionally which are known as Physically Settled, American Style, Covered Call and Put Options Premia Token The Premia Token is used to receive a pro-rata amount of protocol fees proportional across staked Premia (if voted in by the DAO to be paid in Premia) to reduce protocol fees paid, as well as partake in governance decisions. The Defi Pulse Index is a weighted index made up of the best protocols in DeFi. UNI, AAVE, SNX, MKR, COMP, YFI, LRC, REN, BAL, KNC, & MTA all make up the index. DPI Tokens are fully collateralized by the underlying names and the current market cap of the Index is an impressive $128mm. PBC or Primary Bootstrap (front-end framework) Contribution is a method to participate in the future of Premia. Premia utility tokens are often used as the underlying fuel for accessing features of a dApp and are a way to collect Premia to gain access to exclusive rights and features available at Launch. Token Distribution Primary Bootstrap Contribution — 10% (10MM Premia Tokens) Interaction Mining - 30% (30MM Premia Tokens) Reserved for Premian Republic Development - 25% (25MM Premia Tokens) Bonding Curve - 25% (25MM Premia Tokens) Distributed to Founder Vested over 1 Year - 10% (10MM Premia Tokens) PREMIA Market support Premia provides a marketplace with a contract adheres to the ERC1155 standard. Premia can also be sold on other marketplaces that support ERC1155 such as OpenSea. Premia tokens metadata can be easily retrieved so that the external Storefronts can gather the necessary details of the options contract to display. Primary Bootstrap Contribution The PBC or Primary Bootstrap Contribution is a method to participate in the future of Premia. Utility tokens are often used as the underlying fuel for accessing features of a dApp and is also a way to collect Premia to gain access to exclusive rights and features available at Launch. How does it Work Users contribute ETH to receive Premia Utility Tokens, all contributions are final. Upon the closure of the PBC (7 days), all tokens are split according to their pro-rata amount of ETH contributed. For example, if two users contribute ETH, User 1 contributes 75 ETH and User 2 Contributes 25 ETH, then User 1 will receive 75% (7.5mm Premia Tokens) and User 2 will receive 25% (2.5mm Premia Tokens) at the conclusion of the PBC period.