Claymont, Delaware, Could 27, 2024, Chainwire
EthosX is happy to announce the launch of a brand new Perpetual Choices product on the corporate's front-end in partnership with kanalabs.io. Referred to as OPerps, the product goals to be one of the crucial accessible and environment friendly methods to leverage data of short-term market occasions to spice up earnings.
The product goals to allow customers to leverage market predictions to generate secure earnings and maximize earnings.
OPerps is a decentralized platform for short-term choices buying and selling. It leverages the ability of blockchain expertise to allow environment friendly and clear choices buying and selling, with an easy-to-use interface for these new to derivatives buying and selling.
OPerps means that you can commerce tokenized (ERC-20) choices that by no means expire and are settled each couple of minutes/hours. These perpetual choices resolve the cascading liquidation points present in conventional perpetual futures.
Moreover, providing it in a decentralized, tokenized format will allow ongoing buying and selling alternatives whereas enhancing the safety and adaptability of the platform.
Alternatives for OPerps
OPerps purpose to maximise traders' buying and selling potential by offering them with the chance to revenue from sudden market fluctuations. This may be achieved in two methods: Lengthy Name OPerps and Lengthy Put OPerps.
Traders can commerce lengthy name OPerp and lengthy put OPerp to make the most of market actions. Lengthy name OPerp will revenue in rising markets and lengthy put OPerp will revenue in downtrends. Conversely, quick OPerp permits customers to doubtlessly earn a premium from lengthy OPerp token holders, with quick name OPerp profiting in falling markets and quick put OPerp profiting in rising markets.
OPerps dwell possibility positions will not be platform-specific, and the dwell possibility switch characteristic permits customers to maneuver dwell possibility positions to different wallets and protocols for added comfort.
As a part of the buying and selling expertise, the brand new platform affords customers extra leverage and APY selections. Merchants can select excessive leverage (as much as 1000x) or excessive APY (triple-digit returns).
OPerps contains options to restrict losses and keep away from sudden liquidations, offering a safer buying and selling surroundings.
OPerps is a uncommon innovation within the historical past of capital markets that leverages the construction of decentralized finance (DeFi) to permit merchants to switch dwell choices positions to anybody, anyplace available in the market. The platform affords completely different operation modes – common mode on Binance Good Chain (BSC) and DEGEN mode on Arbitrum – for a various buying and selling expertise.
OPerps makes use of information from the Pyth community for the costs of possibility underlyings (at the moment BTC and ETH). Pyth's real-time information feed makes Degen mode potential.
About EthosX
EthosX is a protocol for buying and selling excessive worth vanilla/unique derivatives with out the involvement of banks, brokers or different intermediaries, offering a platform the place traders can commerce instantly with a minimal variety of counterparties, minimizing settlement threat.
The platform is designed round each crypto and conventional asset courses, however whether or not customers are buying and selling crypto choices or TradFi derivatives, clearing and settlement is completed in an automatic, decentralized, sensible contract-based clearing home for capital-efficient buying and selling.
For extra details about Operps, please see beneath.
EthosX Web site | Twitter/X | LinkedIn | Operps
The supply of this content material is EthosX. This press launch is for informational functions solely. This info doesn’t represent funding recommendation or a proposal to take a position.
contactJaime KingsleyEthos X[email protected]
This text was first printed on Chainwire
