Claymont, Del., May 27, 2024, Chainwire
EthosX is excited to announce the launch of a modern perpetual options product that will be launched in partnership with kanalabs.io on their UI. It’s called OPerps and it aims to be one of the most accessible and effective ways to augment profits by leveraging knowledge of short-term market events.
The product aims to aid users leverage their market forecasts to generate consistent income and maximize profits.
OPerps is a decentralized short-term options trading platform. It harnesses the power of blockchain technology to enable productive and see-through options trading through a user-friendly interface designed to empower those modern 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 liquidations found in customary perpetual contracts.
Moreover, offering them in a decentralized, tokenized format allows for ongoing trading opportunities while increasing the security and flexibility of the platform.
Operational capabilities
OPerps aims to maximize the trading potential of investors, giving them the opportunity to profit from sudden market movements. This can be achieved in two ways; OPerps Long Call and OPerps Long Put.
Investors can engage in Long Call and Long Put OPerps to benefit from market movements. Long Call Operators profit from rising markets, while Long Call OPerps profit from falling markets. Conversely, Short OPerps allow users to potentially earn bonuses from Long OPerps token holders, with Short Call OPerps earning in degenerating markets and Short Put OPerps earning in rising markets.
OPerps live options positions are not circumscribed to the platform. The live options transfer feature allows users to transfer live options positions to other wallets and protocols for added convenience.
As part of the trading experience, the modern platform provides users with greater leverage and greater APY selection. Traders can choose between high leverage (up to 1000x in the case of ) or high APRs (three-digit returns).
OPerps includes features to limit losses and prevent sudden liquidations, ensuring a safer trading environment.
OPerps is a occasional innovation in the history of capital markets that uses a decentralized finance (DeFi) framework to give investors the ability to move live options positions to anywhere in the market. The platform offers different operating modes: Normal mode on Binance Smart Chain (BSC) and DEGEN mode on Arbitrum for a variety of trading experiences.
OPerps uses data from the Pyth network to determine prices of the options’ underlying instruments (BTC and ETH for now). Real-time data transfer via Pyth is enabled by Degen mode.
About EthosX
EthosX is a protocol that allows you to trade high-value vanilla/exotic derivatives without the need to utilize banks, brokers and other intermediaries. It provides investors with a platform to transact directly with a minimum number of counterparties and minimize settlement risk.
The platform is designed with both crypto and customary asset classes. Whether a user is trading cryptocurrency options or TradFi derivatives, clearing and settlement takes place on an automated and decentralized intelligent contract-based clearing house to ensure capital-efficient trading.
To learn more about Operps, follow the steps below:
EthosX website | Twitter/X | Linkedin | Operations
The source of this content is EthosX. This press release is for informational purposes only. This information does not constitute investment advice or an investment offer.
contactJamie KingsleyEthosXj.kingsley@theprgenius.com
