Divergence Protocol v1c
Summary
Tenet Technology Ltd implements an Automated Market Maker(AMM) for digital options. In this system, liquidity providers (LPs) provide liquidity at their positions of interest. Afterwards, traders can buy put or call digital options to take a position whether the price of an underlying asset exceeds the strike price at maturity or not. LPs collect the option premiums and fees paid by traders. — “Divergence v1 is a novel noncustodial automated market maker for options with a predetermined payoff structure. It enables access to an extensive selection of options pools, each with a distinct underlying asset, strike price, maturity, and collateral token. The decentralized protocol facilitates on-chain peer-to-pool swaps of options tokens, with minimal friction, enhanced capital efficiency, and low transaction costs. Its model-free pricing approach empowers individual users to flexibly price and tailor options exposure.
Issues (29)
Low | Medium | High | Critical | Total | |
|---|---|---|---|---|---|
Not fixed | 8 | 1 | - | - | 9 |
Fixed | 17 | 3 | - | - | 20 |
| Total | 25 | 4 | 0 | 0 | 29 |