OptionSwap.finance

Customize

Adjust prices and token currencies for premiums and for option execution. Expiration is also customizable. Options follow the American options standard and may be executed at any time up until the expiration.

Trustless exchange

Similar to Airswap, our Ethereum Smart Contract ensures exchange with your counter-party only if they accept your conditions and transfer funds. Additionally our contracts enforce the rules for your option's execution.

Resale or transfer

Our option contracts are implemented as non-fungible tokens (NFTs) that meet the ERC721 standard, so the option buyer may transfer ownership of the options to another party if desired.

Get started

Example:

Sell 10 x WETH PUT Options @ 400 USDC
for a premium of 50 USDC/Option

Expiration: 14 days

You provide 10 WETH as collateral and receive the premiums in exchange.

‍

Selling options

Those looking to sell PUT or CALL options provide collateral, and specify a strike and premium price in the currencies of their choice.

The seller may restrict their trade to a specific counter-party address or allow anyone to accept their trade.

Once their trade is accepted they will be able to redeem the buyer's premiums. If the trade expires without executing they will be able to redeem the collateral they provided.

Buying options

Those looking to buy PUT or CALL options specify the premium / option, the strike price and the quantity they are looking to buy.

If their trade is accepted they will have the right to execute their options until expiration. If the trade expires without being accepted the buyer is able to withdraw their premiums.

Options are implemented as NFTs meeting the ERC721 standard and may transferred/sold to other contracts and accounts.

Example:

Buy 10 x WETH CALL Options @ 500 USDC
for a premium of 20 USDC/Option

Expiration: 28 days

You would provide 200 USDC in premiums and receive the 10 WETH Call options in exchange.

Within the next 28 days you'll be able to buy 10 WETH for 500 USDC/WETH.

‍

Developer fund.

0.5% of all premiums collected on options are absorbed by the developers fund to finance ongoing development and improvement efforts. The fund will also be used to fund a formal audit.

Security audits.

Internal testing only at this point. Use at your own risk and don't put in more than you can afford to use. Plan is to use developer fund to finance an audit as soon as possible.

DEFI Option Protocol

Selling options

Buying options

Developer fund.

Security audits.

Are you ready to start?