Primitive: Derivatives without oracles
Quick take
- On-chain options markets continue to lag other DeFi verticals in adoption. The main challenges in decentralized options markets have been managing risk bootstrapping liquidity
- Current approaches range from on-chain peer-to-peer order matching to options-focused AMMs
- Primitive takes a novel approach of using custom spot pools whose LP shares are designed to replicate payoff structures for conventional options strategies
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Author: Afif Bandak
