x23.ai

alpha

Options on AAVE LP tokens/AAVE/GHO

Reading time saved: 1 minutes

1 replies, 1776 views, 4 likes

governance.aave.com

TL;DR:

Deltatheta has introduced a decentralized exchange (DEX) for trading options on various crypto assets, operating on multiple networks and having passed three technical audits. The platform aims to offer AAVE token holders the opportunity to trade options and earn more APY, with plans to launch deltatheta V3 with margin options on AAVE LP tokens and AAVE stablecoin by August 2022.

Deltatheta introduced their platform as an options decentralized exchange (DEX) that allows trading of options on a variety of crypto assets such as BTC, ETH, BNB, AAVE, MATIC, DOT, among others. The platform operates on multiple networks including Ethereum, Binance, Polygon, and Aurora/NEAR(V3 terminal), and has successfully passed three technical audits.

The platform aims to offer AAVE LP token holders and AAVE stablecoin holders the opportunity to trade options and earn more APY in the V3 terminal. They have already launched a product in collaboration with Stader Lab for the Polygon network and Matic tokens in the V2 terminal. Users can stake their collateral on AAVE and earn additional APY if they place a limit selling order as an options seller in the V3 terminal.

Deltatheta proposed two levels of integration: Standard and Advanced. The Standard level involves listing the native token, AAVE, and leaving further uses to the discretion of the token holder. The Advanced level involves quoting not only the native token but also aXXX tokens and quoting pairs in relation to AAVE Stable Coin (GHO). This level requires additional liquidity from the protocol in the form of a native AAVE token. The ultimate goal is to launch deltatheta V3 with margin options on AAVE LP tokens and AAVE stablecoin by August 2022. AlexanderSgibnev expressed support for the proposal, believing that the collaboration between Delta Theta and AAVE will expand the realm of possibilities.

Posted a year ago

Last reply a year ago

Summary updated 2 months ago

Last updated 05/12 01:14