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S!G 🍃
@SiGPRMR
I like to build things. Sleeping less, researching more | Trader & Web3 digger | Cybersecurity expert to be đŸŒŋ
Joined February 2024
812 Following    1.2K Followers
Options just landed on ethereum:0xe28b3b32b6c345a34ff64674606124dd5aceca30 ! ∟ $SICI, the AI compute index ∟ US500 and US Tech ∟ Gold, Silver and WTI oil → 6 real world markets at launch 1\ The contract ∟ A call has a strike and a cap, a put has a strike and a floor ∟ You pay the premium upfront, that's your max loss ∟ European style, cash settled in USDC at expiry → You know your worst case before you sign 2\ The other side ∟ An institutional LP quotes both sides of every strike ∟ The writer locks the full max payout upfront ∟ No margin, no top ups, no liquidations → Your payout is already sitting there, waiting for expiry 3\ Example on $SICI ∟ SICI at $113, you buy 100 calls, strike 113, cap 123 ∟ You pay $3, breakeven at $116 ∟ SICI settles at $119 : you get $6, so +$3 ∟ SICI settles at $125 : capped at $10, so +$7 → Max loss $3, max win $7, both known before you click Live on testnet first, access rolling out to whitelisted users âŗ
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