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FAQs

What token standard are option positions?
Option positions are ERC721 assets that can be traded freely.
What token standard are vault positions?
Each vault is it's own contract where proportional ownership is represented as an ERC20 token.
Can you sell options?
Public vaults will be created and operated where anyone can provide liquidity. The LP is responsible for hedging their exposure.
What strike prices/expiries can you buy at?
You can buy at what ever strike/expiry range that is supported by the vault operators. It gives an error if it’s out of all vault's strike/expiry range.
Are the vaults hedged?
We hedge our exposure for the vaults we operate. Market makers hedge their exposure for vaults they operate. As an LP to a public vaults its your responsibility to hedge your own exposure.