OptionsPerp operates a trading platform that integrates on-chain options and perpetual contracts across Bitcoin Layer 2s and EVMs, utilizing an in-built oracle for reliable data. The platform addresses the challenges of cross-platform asset purchases and funding rate ambiguity by enabling one-click transactions and providing detailed insights on funding impacts, enhancing trading efficiency and user autonomy.
Funding
$2.6M raised to dateRaised to date based on public sources. This may differ from the amount the company actually raised and is based only on what is publicly available on the internet.
Founders
Product
Problem
Traders in the decentralized finance (DeFi) space face challenges when purchasing assets across different platforms due to the requirement of specific assets and a lack of clear information regarding funding rates and their impact on user funds. Identifying the optimal funding option is challenging as rates fluctuate among partners, and many perpetual contracts do not support cross margining, limiting trading efficiency and risk management. Furthermore, users often lack the tools to independently manage their positions effectively.
Solution
OptionsPerp offers a platform that integrates on-chain options and perpetual contracts across Bitcoin Layer 2s and EVMs, utilizing an in-built oracle for reliable data. The platform streamlines purchases by enabling one-click transactions with any held cryptocurrency and enhances the UI by offering detailed insights on funding rates and their impact on user funds. By actively managing user positions off-chain, OptionsPerp enables cross-leverage across all protocols, enhancing trading efficiency and flexibility, and equips users with advanced tools to autonomously manage and adjust their positions effectively. The platform aggregates liquidity from decentralized exchanges such as GMX, Hyperliquid, and Aevo.
Target Audience
The primary target audience includes cryptocurrency traders and DeFi users seeking a platform to trade options and perpetual contracts with enhanced leverage, cross-chain support, and efficient asset management tools.
Features
- One-click transactions enabling asset purchases with any held cryptocurrency
- Aggregation of liquidity from leading decentralized exchanges
- Cross-leverage support across all integrated protocols
- Detailed insights on funding rates and their impact on user funds
- Self-custodial solutions for user autonomy
- Integration with Oddz DEX for options trading
- Support for trading across multiple chains including Bitcoin Layer 2s, EVM and Non-EVM chains