Claymont, Delaware, May 27, 2024, Chainwire
EthosX is excited to announce the launch of its new Perpetual Options product in partnership with kanalabs.io on its interface. Called OPerps, it aims to be one of the most accessible and efficient ways to improve returns by using knowledge about short-term market events.
The product aims to help users leverage their market predictions to generate consistent income and maximize profitability.
OPerps is a decentralized platform for short-term options trading. It harnesses the power of blockchain technology to enable efficient and transparent options trading, which is done through an easy-to-use interface designed to empower those new to derivatives.
OPerps allows users to trade tokenized options (ERC-20) that never expire but settle every few minutes/hours. These perpetual options solve the problem of cascading settlements found in traditional perpetual futures.
Furthermore, offering them in a tokenized and decentralized format allows for continuous trading opportunities while improving the security and flexibility of the platform.
OPerps Opportunities
OPerps aims to maximize the trading potential of investors by providing them with opportunities to profit from sudden market movements. This can happen in two ways; Long buy OPerps and long sell OPerps.
Investors can engage in Long Call and Long Put OPerps trading to capitalize on market movements. Long buy OPerps benefit from rising markets, while long sell OPerps benefit from bearish trends. In contrast, short OPerps allow users to potentially earn premiums from long OPerps token holders, with short buy OPerps taking profits in falling markets and short sell OPerps in rising markets.
OPerps live options positions are not restricted to the platform. A live options transfer feature allows users to move their live options positions to other wallets and protocols for added convenience.
As part of the trading experience, the new platform provides users with more leverage and APY options. Traders can choose between high leverage (up to 1000x at ) or high APYs (triple-digit yield).
OPerps includes features to limit losses and prevent sudden liquidations, providing a safer trading environment.
OPerps is a rare innovation in the history of capital markets that leverages the structure of decentralized finance (DeFi) to give traders the ability to transfer live options positions to anyone anywhere in the market. The platform offers different operating modes: normal mode on Binance Smart Chain (BSC) and DEGEN mode on Arbitrum for varied trading experiences.
OPerps uses data from the Pyth network for underlying options prices (BTC and ETH for now). Pyth's real-time data feed makes Degen mode possible.
About EthosX
EthosX is a protocol for trading high value exotic/vanilla derivatives without going through banks, brokers and other intermediaries. It provides a platform for investors to trade directly with each other with minimal counterparty and minimize settlement risks.
The platform is built around traditional and crypto asset classes. But whether a user is trading cryptocurrency options or TradFi derivatives, clearing and settlement takes place in an automated, decentralized clearinghouse based on smart contracts for capital-efficient trading.
To learn more about Operps, follow below:
EthosX website | Twitter/X | LinkedIn | operas
EthosX is the source of this content. This press release is for informational purposes only. The information does not constitute investment advice or an investment offer.
ContactJaime KingsleyEthosX[email protected]
This article was originally published on Chainwire.
