Options Contract Specifications
| Schema | Specification |
|---|---|
Contract Type | Call & Put |
Style | European |
Underlying | BTC & ETH & SOL |
Oracle Feed | |
Contract Size | 1 BTC & 1 ETH & 1 SOL |
Tick Size | $0.0001 for BTC $0.00001 for ETH & SOL |
Min Order Size | 0.01 BTC & 0.1 ETH & 0.1 SOL |
Settlement Currency | opUSDC which is 1:1 pegged to USDC |
Maturity | 1 Weekly Expiry at Friday 8:00 AM UTC |
Strike | 5 Strikes based on the underlying spot price, implied volatility, and time to maturity |
Payoff | Call: MAX [ SPOT – STRIKE , 0 ] * NET POSITION Put: MAX [ STRIKE – SPOT , 0 ] * NET POSITION |
Trading Fee | Taker: min (0.15% of underlying, 10% of trade price) Maker: min (0.05% of underlying, 10% of trade price) |
Settlement Price | Oracle price at time of settlement (last print, not Time-Weighted Average Price) |
Liquidation Reward | 2% of liquidated asset value |
Last updated