dOptions
Your Gateway To Truly Decentralized Options Trading.
Empowering users with customizable and automated options trading on the blockchain.
Empowering users with customizable and automated options trading on the blockchain.
Overview
dOptions is an innovative decentralized options protocol that empowers users to create and trade custom options contracts on the blockchain. It supports both CALL and PUT options, offering a wide range of possibilities for options trading strategies. One unique feature is the Basket Options functionality, which allows users to build a more diversified options portfolio by bundling multiple assets into a single option contract.
The protocol is designed to be highly flexible and user-friendly, with intuitive interfaces for options creation, trading, and management. Built on top of a robust decentralized infrastructure, dOptions ensures transparency, security, and accessibility for all participants.
Problems
Lack of Decentralization
Existing on-chain options protocols are often not truly decentralized, limiting user control and introducing counterparty risks.
Limited Customization
Users are unable to write and trade options on their own terms, constrained by the rigid structures of current solutions.
Solution
Custom Options
dOptions empowers users to create and trade custom options contracts, giving them full control over the terms and conditions.
Automated Strategies
The platform supports automated trading strategies powered by an AI client, enabling users to optimize their options portfolio.
Reliable Pricing
dOptions integrates with Chainlink oracles to provide users with accurate and tamper-proof pricing data for their options trades.
Project Highlights
- Fully Customizable Options: Users can create CALL and PUT options with custom parameters, giving them full control over the terms and conditions.
- Advanced Option Types: The platform supports innovative options like Basket Options, allowing users to diversify their options portfolio.
- Automated Strategies: An advanced AI agent powers automated trading strategies, enabling users to optimize their options trading with minimal effort.
- Cross-Chain Support: dOptions is deployable on multiple EVM and non-EVM blockchains, providing users with flexibility and broader market access.
Team
PsyCode Labs is a seasoned team of web3 developers with an impressive track record of building robust DeFi primitives across multiple blockchain networks. Driven by a shared passion for innovation, the team is dedicated to creating next-generation, multi-chain products that push the boundaries of what's possible in the decentralized finance space.
At the helm of PsyCode Labs is a Coursera-certified expert in Decentralized Finance, whose deep understanding of the industry and technical prowess have been instrumental in shaping the company's mission and strategy. The team's collective expertise spans a wide range of domains, including smart contract development, blockchain architecture, and user experience design.
Roadmap
1
July-August
Improve the platform's user interface and experience. Implement the frontend for Basket Options and the Secondary Marketplace. Add support for EVM chains like Linea and Canto.
2
September-October
Expand the options offerings with new varieties. Implement support for non-EVM chains like Starknet, ICP, and Solana. Raise funds for marketing and trading incentives.
3
November
Soft launch the platform. Start working on an AMM-based Secondary Marketplace for the upcoming V2 release. Future plans to be determined.
Future Potential
The decentralized finance (DeFi) market is projected to grow significantly as blockchain technology and decentralized applications (dApps) see increased adoption. dOptions aims to capitalize on the rising demand for customizable financial products by continuously innovating its offerings.
As the DeFi space matures and gains wider mainstream acceptance, the potential for platforms like dOptions to thrive is immense. The ability to offer tailored financial instruments, such as the innovative Basket Options, will be a key differentiator in an increasingly competitive market. Additionally, the platform's commitment to cross-chain compatibility and the development of advanced automated trading strategies powered by AI will further solidify its position as a leader in the decentralized options trading ecosystem.
Marketability
Unique Selling Proposition (USP)
dOptions offers true decentralization and unparalleled customizability, setting it apart from existing options protocols. It also provides a user-friendly interface with advanced trading features.
Target Audience
dOptions caters to DeFi enthusiasts seeking customizable financial products, traders wanting innovative and automated trading strategies, as well as institutions and investors interested in diversified investment options like Basket Options.
Possible Revenue Model
Transaction Fees
A small fee can be charged for each options contract created or traded on the platform.
Tokenomics
Introduction of a native token for governance and staking. Users can earn tokens by participating in the platform and providing liquidity.
Scalability and Sustainability
dOptions is designed to be highly scalable and sustainable, with a focus on cross-chain support and efficient smart contracts. The platform's architecture is built to handle growing transaction volumes and user demand without compromising performance or stability.
By leveraging cutting-edge blockchain technology, dOptions can seamlessly integrate with multiple networks, including Polygon, zkSync and Scroll. This cross-chain compatibility ensures that users can access the full range of dOptions' features regardless of which chain they prefer to use.
Additionally, by introducing an AI agent for option creation and buying, dOptions simplifies the process for users. They only need to enter the desired type of return and the amount to be invested, and the AI agent will handle the rest, automating the process and providing a seamless experience.
Tech Stack
Foundry
Foundry, a powerful Ethereum development framework, is used for smart contract development and rigorous testing to ensure the reliability and security of the dOptions protocol.
NextJS
The dOptions frontend is built using NextJS, a popular React framework, providing a smooth and responsive user experience for managing custom options contracts.
Python
The dOptions automation client is developed using Python and the web3.py library, enabling users to create and execute sophisticated trading strategies with minimal effort.
Target Tracks
Financial Services
Develop innovative DeFi products and services to unlock the full potential of decentralized finance.
Polygon Cardona MVP
Leverage Cardona's zkEVM Testnet to create groundbreaking web3 projects using the latest zk-rollup technology.
Polygon Amoy DeFi dApp
Innovate within the DeFi space on the scalable Polygon PoS network and showcase your disruptive ideas.
Chainlink on zkSync
Deploy projects on the zkSync Sepolia Testnet, leveraging Chainlink's reliable Price Feeds to power your decentralized apps.
Scroll
Build and deploy the latest in web3 on Scroll Sepolia, a scalable and efficient layer-2 solution.
Deployment Networks
Scroll Sepolia
Polygon Amoy (PoS)
Polygon Cardona (zkEVM)
zkSync Sepolia
