Rebuilding the Stack


Buttonwood’s mission is to help build the decentralized financial stack. Besides AMMs (Uni, Sushi) and margin lending (Aave, Compound), DeFi is still missing large parts of the “financial stack”. Rather than copy TradFi’s “account” structure or the vault & liquidation approach of margin protocols, developers can use Buttonwood’s open library of financial primitives to build the rest of the DeFi financial stack without accounts, vaults, and liquidations.

The Buttonwood library of financial primitives enables the DeFi ecosystem to build powerful financial instruments in a high quality and low risk way. Such instruments include key components like fixed-rate fixed-term debt, options, fiat-free stablecoins, etc. DeFi instruments built this way are more resilient and far more composable; Buttonwood provides permission-less core contracts, mainstream AMMs provide liquidity. Developers need only build a router contract and UI.

The signing of the Buttonwood Agreement, the founding document of what is now the New York Stock Exchange.

Build on Buttonwood

Our flagship financial primitive is the risk-tranching protocol ButtonTranche. While tranching is a late development in traditional finance, in DeFi we believe it can be a true primitive out of which we can build the financial stack.

Check out the Financial Primitives page for more details and please keep an eye out for our forthcoming white papers and other technical documentation.