Bitcoin implied volatility is 3-5x higher than the VIX, creating some very lucrative opportunities for...assets, with 41% holding spot and 46% planning to invest in vehicles owning underlying crypto within 2-3...Bitcoin implied volatility is 3-5x that of VIX, and oracle latency creates frontrunning opportunities...

In Comet there are 3 steps in consensus: propose, pre-commit, and commit....The more validators you have, the longer it takes to propagate data to all of them and get 2/3 to commit...Then another round “3” runs later, again committing new blocks (X3) with referenced certificates.

While Ribbon’s DOVs reached a high of $310M TVL in April 2022, they have since plummeted to $46M TVL...leader for options DEXs....Withdrawals from the Aevo rollup to Ethereum mainnet take only 2-3 hours, a much shorter confirmation...Floor margin = 1 x 0.01 ETH = 1 x 0.01 x $1,600 = $16 Maintenance portfolio margin = $20 + $16 = $36...

A trader seeking an option for 35 days out on day one of a round would have to wait until the new round...Avalon’s fluid liquidity provisioning enables Lyra to offer an expanded array of rolling expiries out to 3...In Lyra v1, options sellers made up only 30.6% of open interest....to July when the vault earned 3%.

Given SOL is $42, implied volatility at strike prices between $42 (1.0 moneyness) and $33.6 (1.25 moneyness...Zeta DEX has a liquidation fee of 35%, with 25% going to the liquidator and 10% going to the insurance...sells 10 contracts of the $50 SOL call for $3 each and receives $30 Collateral Required = Max(0, (Max...

DOVs sell out-of-the-money options as the goal is to minimize the risk of the option expiring in-the-money...downward at a parabolic rate, the option holder will exercise the put option to sell their assets....holder PnL) Spot holders have a capital loss of -$900 Cash-secured put seller PnL has a loss of -$300...of option sales.

...collateral – similar to how they integrated yearn USDC as collateral for the protected put vaults. 3)...Notable weeks where the Theta vaults underperformed are: 1) ETH covered call vault, April 23rd-30th,...when ETH went from $2200 to $3400 in just 10 days, surprising the market with upside volatility.

Option Skews Don’t Look Too Hot Implied volatility for near-term options are skewed towards puts, indicating...A tweet by options exchange Deribit also stated that most option premiums have been from call writing...TVL in Option Protocols Grow, but Hegic Declines While we’re talking about options, DeFi options protocols...

Since June 27th, a whopping 35M CRV has been locked, taking the total supply of cvxCRV up to ~274M....Each locked CVX now controls over 5.4 max locked veCRV, a ratio not seen since March 3rd, 2022....prices of 150 SOL or more (equivalent of 5+ ETH today) despite the downturn in the markets: DeGods (~300...

Weekend Pump Over the weekend, Bitcoin rallied through the $38.5k and $39-$41k resistance levels we...Option Vaults Drop in TVL and Performance in January TVL in option protocols has dropped across the...and a “flight to safety” amid the market volatility, causing investors to withdraw capital from risky option...

Jeff just went on stage at DAS 2026 and touched on onchain options multiple times....I listened back to this talk, as I’m obviously very bullish onchain options with my biggest exposure...My take has been that Hyperliquid will not attack options themselves and instead will wait on a builder...Building out options isn’t an easy feat, and their team remains very lean.

Chart of The Day: UST is Now a Top 3 Stablecoin UST’s growth has been remarkable in 2022, expanding...It now has an estimated market cap of >$600M, almost similar to Azuki which launched 3 months ago....through inflation, it has some drawbacks, namely: SOL is locked and requires a cooldown period of 2-3...

Interestingly enough, the DVOL index, which measures implied volatility (IV) on a 30-day forward basis...that hardly seems to be the case; its latest move could be explained by a lack of trading activity on options...Near-Term Options Skews Don’t Inspire Hope BTC’s market price was roughly $57K when this data snapshot...

This is not a HIP-3-style zero-to-one moment for new deployer entrants; the existing HIP-3 winners and...HIP-4 is a nonlinear-payoff outcome contracts whereas HIP-3 is linear....HIP-3 is for trading prices that move smoothly....H ​ IP-3 was a true zero-to-one for permissionless market creation onchain.

Solana secures the top 3 spots with a 6% volume share this month....Allow List Tier 3: Begin 1 hour after Allow List Tier 1/2....minting has officially ended, and the official launch of the project is scheduled for June 27th, 2023, at 3...If no suitable bid is received, Spice continues to relist the NFT every 3 hours at 99% of the previous...

...candle yesterday, which makes it clear that the perp market played a key role in pushing ETH above $3,500...ETH/BTC has pulled back around 3% as a result....Volatility Ticking Up Implied volatility for short-term options is beginning to increase again, which...means the cost of buying these options is going up too.

Introduction Reddit — the “front page of the internet” — has been revolutionizing the way people interact...Only ~3% of the supply was for limited-edition paid mints....The top 3 most valuable NFTs in Gen 1 are: The Hands by Rojom, with a floor price of 4 ETH and 101...Many Gen 3 collections are still available for minting directly on Reddit and have not sold out yet.

-$4.5k, with even lower depth on Bitget ($2k-$3k) and KuCoin/MEXC ($1.2k-$1.8k)....liquidity – far lower than comparable projects like $Pirate, which has over $750k, further limiting options...be confirmed), all in-game payments would unlock discounts when using the token on an external web page...So far, 36 launches have yielded $7M to MON stakers.

Key Takeaways In the last two weeks, ETH price took a bigger drawdown (-50%) than BTC (-35%)....Key Takeaways Monthly options for BTC and ETH are set to expire tomorrow at 8 AM UTC (4 AM EST)....majority of calls expiring this month will expire worthless, which could prompt fresh purchases for June’s options...

Given how the data is shaping up, BTC needs to consolidate well above the range low (which is near $30,000...OI Wiped Out on June Expiry At the end of every month, when options expire, open interest reduces by...Not every option holder rolls their position over to the next month’s contract, so this is very much...