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Alpha Release v0.1.0 Mainnet
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@Alexangelj Alexangelj released this 01 May 06:57
· 559 commits to develop since this release
0.1.0
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Learn about vigilant mode.

In this release, we have the Prime: an ERC-20 Base Option Primitive for Ethereum.

Prime:

  • Acts like an option.
  • Holders have the right to swap their strike assets for underlying assets.
  • Supports any ERC-20 Pair.
  • Needs an expiration date.
  • Not user friendly for direct interaction.

Trader:

  • User friendly contract to safely interact with Prime contract.
  • Mint, Swap, Redeem, and Close Prime positions directly.

Pool:

  • Customized Pool that acts like the trader.
  • Pools liquidity which is tapped when users want to purchase options.
  • Premium (price per option) is calculating with an implied volatility proxy, the utilization of the Pool.
  • The deployed Pool is an ETH Short Put pool for the 200 DAI strike put expiring May 30, 2020 at 8PM UTC.
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