Uniswap (v3)
DeFi users rely on Opyn’s smart contracts and interface to hedge themselves against DeFi risks or take speculative positions on different cryptocurrencies.
Options give option buyers the right, but not the obligation to buy or sell the option's underlying asset at the strike price by the expiry date.
An option that gives the option buyer the right to buy the underlying asset is called a call option
An option that gives the option buyer the right to sell the underlying asset is called a put option
Options sellers earn a premium in return for taking on this obligation to either buy the underlying from or selling the underlying to the option buyer.
WHY OPTIONS? Hedging with options allows traders to reduce risk. Put options can provide a form of insurance, ensuring a position's max loss and protecting your portfolio against a market downturn.
