Optix

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Optix Launch Plan

blog.optixprotocol.com

Optix Launch Plan

Getting from here to there.

Danny
Nov 14, 2022
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Optix Launch Plan

blog.optixprotocol.com

There will be quite a few changes over the next few weeks so I’d like to share with you the details for launching Optix.

Overview of the Launch Plan

  • 15 Nov 2022: Guarded launch on Polygon
    The exchange will be open for buying & exercising options. The amount of collateral in the vault will be limited and capped. Participants who want to become option sellers should reach out in Discord. New markets will be added continually each week.

  • 15 Jan 2023: Full launch on Polygon
    Significant increase in liquidity. Start of incentive programs. The ability to create a vault and sell options for whitelisted markets & collateral tokens will be made permissionless and immutable(we can’t change it back!)

  • TBD: Permissionless markets & collateral tokens
    As there are significant risks with making the ability to sell options against any market or any token for collateral we need to first ensure the front end limits the risks users are exposed to. Until then, if you want something whitelisted please reach out on Discord.

Start Trading

Trade, earn yield & get downside protection on:

  • Navigate to https://app.optixprotocol.com

  • Connect to the Matic Network

  • Connect your wallet

Audit Completed

The audits have been completed by Paladin Security & Certik.


Type of Options

Optix supports cash settled American style options that can be exercised at any time.

There is currently no secondary market so it is only possible to extract intrinsic value from in the money options. Implementing a secondary market is in the roadmap for 2023.

Markets & Collateral

At launch on Polygon the following will be supported:

  • Markets: AAVE, ADA, AVAX, BNB, BTC, DOGE, ETH, LINK, MATIC, SNX, SOL, SUSHI, TRX, UNI & XRP

  • Collateral: USDC

New markets will be whitelisted progressively over the next few weeks.

If there is a new market you would like added please make contact on Discord.

Providing Liquidity / Selling Options / Market Making

It is possible for anyone to be a market maker and earn yield selling options on Optix.

The vault creator/operator is responsible for selecting the markets to sell options against, setting the price surface for that and performing any hedging activities.

During the soft launch the ability to permissionlessly create vaults is restricted to a whitelist.

If you are interested in being a market maker please reach out on Discord.

We will open source our own pricing functions and Hummingbot scripts so you will be able to leverage these.

Incentives

There will be an incentive program offered from the full launch in January. Stay tuned for more information about it.

Referrals

A referral system has been implemented into the smart contracts. If you refer someone then you receive 0.5% of any options they purchase for 1 year. (eg. a 1 BTC option would pay 0.005 BTC to the referrer automatically on purchase).

To find out more about the referral system and how to use it please join the referral channel in Discord.


Roadmap

  • Token: implement staking for fee reduction

  • Multichain: deploy to Arbitrum, Optimism, BSC & Avalanche

  • Secondary market for options

About Optix

Optix is a decentralized, multi chain option protocol.

The goal for Optix is to make risk transfer available to all crypto participants where:

  • Option markets can be created permissionlessly for any oracle and erc20 token

  • Option selling is capital efficient as a single vault can provide liquidity across the entire pricing surface for puts & calls on multiple oracles simultaneously

  • Protocols and treasuries can sell covered calls to earn yield on any token

  • Leveraged upside exposure can be bought by anyone

  • Token holders can buy downside protection and manage risk

  • Anyone can create structured products with existing defi primitives

Connect with Us

  • Website: https://optixprotocol.com/

  • Twitter: https://twitter.com/OptixProtocol

  • Telegram: https://t.me/OptixCommunity

  • Discord: https://discord.com/invite/8ycMuYt7PS

  • Documentation: https://docs.optixprotocol.com/

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Optix Launch Plan

blog.optixprotocol.com
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