Hello All,
I love the idea of decentralized options. Not only would one be able to write their own contracts, but the on chain storage is a perfect record keeper for all things like taxes. This also should reduce costs and put DeFi and cryptocurrency as a whole into the spotlight even more. Good Job!!
Cheers,
Waya
At the beginning it would be possible for a user to create their own contract for liquidity issue.
But we aim at doing that.
It’s very cool if you believe ETH will go up , you can sell a put, earn a premium, and if it goes up you loose nothing.
In the end we want a very easy way for our users to buy and sell complex strategies,
For example:
1- Today if you believe the bitcoin will be very volatile but you don’t know if it will go up or down, you can’t make a profit... with our platform you’ll be able !
2- If you believe the bitcoin (or any other wrapped or ERC20) will remain stable at the moment you can’t make money , with our platform it will be possible.
When synthetic equity will be available on-chain you could sale option on Tesla or Apple which currently only investment bank can do !
It’s really a huge step to bypass the banks and bring peer-to-peer finance to another stage.