In Comet there are 3 steps in consensus: propose, pre-commit, and commit....Then another round “3” runs later, again committing new blocks (X3) with referenced certificates....Game Theoretic Problem: One of these chains will lock their state after the other, giving them a “free option...

Introduction DeFi options have failed to take off....Furthermore, market makers buying these options from DOVs capture an easy spread by selling options and...leader for options DEXs....Filling a Gap in the Options Market CEXs currently dominate the options market, with little demand and...DeFi options have failed to take off.

...the option price....commences, buying that option at seven days out (a 28 day option)....Avalon’s fluid liquidity provisioning enables Lyra to offer an expanded array of rolling expiries out to 3...the start of liquidity mining and a more business-as-usual period for the vault), R-Squared is only 3%...

Problems with On-Chain Options and Zeta’s Answer A few option DEXs have been built out in recent years...Full collateralization of options – Most options platforms require full collateralization when selling...Scenario A: Options Chad buys 10 contracts of SOL $40 LONG CALL for $8 each and pays $80 Options Chad...

The DeFi options market is very young and cumulatively has less than $200m in total value locked....These two protocols account for over $100 million in TVL and $90m worth of on-chain options volume weekly...These oTokens are tokenized call options that can be traded like any other ERC-20 token.

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....When an option expires in-the-money, there are two ways to exercise the option: physical settlement and...of option sales.

Option Skews Don’t Look Too Hot Implied volatility for near-term options are skewed towards puts, indicating...Option expiries slightly further out at the end of the year (Jan. – Feb. 2022) are less skewed, indicating...A tweet by options exchange Deribit also stated that most option premiums have been from call writing...

DeGods acquired the Killer 3s, a professional American 3-on-3 basketball team that plays in BIG3 (a league...The Inner Workings of DeFi Option Vaults (DOVs) [Excerpt from a Delphi Pro Report] Decentralized Option...DOVs sell out-of-the-money options as the goal is to minimize the risk of the option expiring in-the-money...

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...SQUEETH Trading Volume Opyn’s growth in TVL was an outlier to other options protocols.

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...

...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...

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....In our ETH market report, we noted that options seemed cheap and could be a capital efficient (but risky...

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...deposited in the ETH 2.0 staking contract in the last 10 days. 51% of that has been in just the last 3...

...would imply a confirmation of BTC’s head and shoulders pattern we’ve been noting recently. 42.6% of Option...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...

In this report, we dig into Bitcoin’s outlook as BTC enters back into the limelight after taking a backseat to the “summer of DeFi” craze. We unpack notable long-term indicators, exchange, and holder...

 Hegic announced the V1 launch of its protocol, which allows users to buy or sell American put/call options...In that report, we also highlighted Opyn, a similar on-chain options protocol....What differentiates Hegic though, is how it writes (sells) options by implementing liquidity pools....How will prices compare to other options exchanges?

Key Takeaways Implied volatility for various durations of BTC options have fallen over the past week..., indicating cheaper options across the board (good for buyers, bad for sellers)....It’s an output from the Black Scholes equation that measures the assumed volatility an option is being...

The Speculators are Back Just two days after we noted a large increase in BTC option volume and open...Barrage of Call Option Purchases The whale call buyer from Monday is back, and this time they’re buying...The buyer bought over $50 million in options, executing the trade in multiple clips of 75-100 BTC.

Options Recover Post Rally Open interest for BTC options is on the rise again, increasing by over $2B...But with Sept. options expiring, and with the market in a tight spot, it took longer than usual for that...Options Skew Signals Optimism Option skews help us establish a rough base for forward-looking market...