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 ⏳