Claymont, Delaware, May 27, 2024, Chainwire
EthosX is excited to announce the launch of a new perpetual options product, launched in collaboration with kanalabs.io on the front end. Called OPerps, the solution aims to be one of the most accessible and efficient ways to improve returns using knowledge of short-term market events.
The product aims to help users generate consistent income and maximize profits by leveraging market predictions.
OPerps is a decentralized platform for short-term options trading. It leverages the power of blockchain technology to enable efficient and transparent options trading, all done through a user-friendly interface designed to empower those new to derivatives.
OPerps allows users to trade tokenized (ERC-20) options that never expire but are settled every few minutes/hours. These perpetual options solve the cascading liquidation problem found in traditional perpetual futures.
Additionally, offering it in a decentralized, tokenized format provides ongoing trading opportunities while improving the security and flexibility of the platform.
OPerps Opportunity
OPerps aims to maximize investors’ trading potential by providing them with the opportunity to profit from sudden market movements. This can happen through two ways: Buy call OPerps and buy put OPerps.
Investors can take advantage of market movements by engaging in Long Call and Long Put OPerps trading. Long Call OPerps profit from rising markets, while Long Put OPerps profit from downward trends. Conversely, Short OPerps allow you to potentially earn a premium from Long OPerps token holders, while Short Call OPerps can profit in bear markets and Short Put OPerps can profit in bull markets.
OPerps live options locations are not limited to just the platform. The live options transfer feature allows users to move live options positions to other wallets and protocols for added convenience.
As part of the trading experience, the new platform offers users more leverage and APY choices. Traders can choose between high leverage (up to 1000x on BTC/ETH) or high APY (3-digit returns).
OPerps includes features to limit losses and prevent sudden liquidations, providing a safer trading environment.
OPerps is a rare innovation in capital markets history that leverages the architecture of decentralized finance (DeFi) to give traders the ability to transfer live options positions to anyone, anywhere in the market. The platform offers various operating modes, including Binance Smart Chain (BSC)’s normal mode and Arbitrum’s DEGEN mode, for a variety of trading experiences.
OPerps uses data from the Pyth network for option fundamental prices (currently BTC and ETH). Pyth’s real-time data feed enables Degen mode.
Introduction to EthosX
EthosX is a protocol for trading high-value vanilla/exotic derivatives without going through banks, brokers, and other intermediaries. We provide a platform where investors can trade directly with each other with a minimum number of counterparties and minimize settlement risk.
The platform is designed for both cryptocurrency and traditional asset classes. However, whether users are trading cryptocurrency options or TradFi derivatives, clearing and settlement are performed by an automated, decentralized, smart contract-based clearing house for capital efficient trading.
To learn more about Operps:
EthosX website | Twitter/X | LinkedIn | opps
EthosX is the source of this content. This press release is provided for informational purposes only. The information does not constitute investment advice or an investment recommendation.
contact
Jamie Kingsley
Ethos
(email protected)
Disclaimer: This is a sponsored press release and is provided for informational purposes only. It does not reflect the views of Crypto Daily and is not intended to be used as legal, tax, investment, or financial advice.
Investment Disclaimer