Optyn is an on-chain option aggregator with the following benefits:
Option markets for any crypto or traditional finance asset
Off-chain market range, pricing and liquidity available on-chain
Deep liquidity aggregated from many sources
Novice trader friendly
Layer 2 execution speed and cost
Here is a demo browsing the available markets and purchasing an option.
What problems are we trying to solve?
These are the key problems that we are trying to address with Optyn:
There is no way to transfer the risk or insure against volatility on chain
Option buying & selling is confusing and unnecessarily complex
DeFi needs options for options for crypto currencies & tokens
TradFi needs options for commodities, forex, indices & stocks
Pricing & liquidity needs to be atleast "on par" with CeFi & TradFi solutions
There is no "one size fits all" pricing model
Decentralized derivatives are going to be very large and we aim to provide a solution that meets the needs of crypto now while also providing a path to transition centralized/traditional finance derivatives on chain.
Custom selling strategies can be created which allow for the expression of any view of the market.
There is currently no front end available for these so they would require varying degrees of Solidity development experience:
Price optimization - your combination of pricing function, pool configuration & hedging strategy can provide the best price while still being profitable
New oracles - associate existing on-chain oracles or any trusted on-chain value to your pool and sell options against them
Liquidity providers earn the premium charged to buyers. Each pool can have a custom selling strategy so as a liquidity provider you can provide liquidity to a strategy that aligns to your views. Learn more about providing liquidity to a pool: