|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Cryptocurrency News Articles
PancakeSwap and Stryke Revolutionize DeFi with Groundbreaking CLAMM Options Trading
Apr 08, 2024 at 07:29 pm
PancakeSwap and Stryke collaborate to launch CLAMM Options Trading, introducing a breakthrough in DeFi by merging PancakeSwap's platform with Stryke's options protocol. The American-style options debut on Arbitrum, offering diverse expiry durations and markets such as ARB/USDC. This collaboration elevates fee-earning potential for liquidity providers and provides groundbreaking trading opportunities for users.
PancakeSwap and Stryke Revolutionize DeFi with Groundbreaking CLAMM Options Trading
April 8th, 2024, 9:00 AM UTC - PancakeSwap, the leading decentralized exchange (DEX), has partnered with Stryke (formerly Dopex) to introduce CLAMM (Concentrated Liquidity Automated Market Maker) Options Trading, a transformative innovation that redefines the DeFi landscape. This strategic collaboration merges PancakeSwap's robust platform with Stryke's cutting-edge options protocol, unlocking a world of new possibilities for traders and liquidity providers alike.
CLAMM Options: Unleashing Trading Versatility
Launching on the Arbitrum network, PancakeSwap's American-style CLAMM options provide unparalleled flexibility with diverse expiry durations (1, 2, 12, and 24-hour options) and a wide range of markets including ARB/USDC, ETH/USDC, and wBTC/USDC. These options, available in both Call and Put types, utilize strike prices based on v3 pool ticks. To maximize returns, users can exercise positions before closure to avoid in-the-money options expiring worthless. The platform also offers an auto-exercise feature, automating the profit realization process at expiry.
CLAMM Options: Transforming Liquidity Dynamics
Crafted by the Stryke team, the CLAMM options protocol introduces a groundbreaking dual liquidity provision system that empowers both options traders and PancakeSwap v3 pools. Here's how it operates:
- Liquidity Addition: Users adding liquidity to CLAMM options simultaneously contribute to designated PancakeSwap v3 (CLAMM) pools within their chosen price range.
- Options Trading: When an options trader initiates a position, liquidity is extracted from the v3 pool to facilitate options selling, with the user becoming an options seller and receiving a premium.
- Idle Liquidity Management: Unutilized liquidity resides in PancakeSwap v3 pools, potentially earning trading fees if the pool price remains within the liquidity range.
- Consistent Payoff: Selling options and providing liquidity in v3 pools generate identical IL or token balance, ensuring no increased risk compared to conventional liquidity provision methods.
Minimal Risks, Maximum Potential
CLAMM options offer minimal risks to users, as liquidity may remain unutilized due to lower options buying demand. Additionally, liquidity is added to the pool in an inactive range, potentially resulting in no fee earnings.
A Paradigm Shift in DeFi
The PancakeSwap-Stryke collaboration is a significant leap forward in DeFi, providing users with diverse trading opportunities and elevating liquidity providers' fee-earning potential.
"PancakeSwap's partnership with Stryke to launch CLAMM Options Trading marks a transformative moment in DeFi innovation," said Chef Mochi, Head of PancakeSwap. "Together with Stryke's cutting-edge options protocol, we are reshaping the landscape of decentralized finance, a significant leap forward providing new possibilities for users and liquidity providers alike."
"We are thrilled to collaborate with PancakeSwap and leverage their deep liquidity in v3 pools," said TzTokChad, Founder of Stryke (formerly Dopex). "PancakeSwap's position as the leading BSC DEX opens up exciting new horizons for on-chain options trading for Stryke, expanding our products into new ecosystems."
About PancakeSwap
PancakeSwap is a leading multichain decentralized exchange that operates on an automated market maker (AMM) model and is available across 9 chains: BNB Chain, Ethereum, Aptos, Polygon zkEVM, zkSync Era, Arbitrum One, Linea, Base, and opBNB. Launched in 2020, PancakeSwap is one of the most popular DEXs in the cryptocurrency industry due to its low transaction fees, high-speed trading, and user-friendly platform. With over $719 billion in total trading volume and $2.33 billion in total liquidity locked, PancakeSwap is the leading multichain DEX in the industry.
About Stryke (formerly Dopex)
Stryke (formerly Dopex) is a decentralized options protocol that aims to maximize liquidity, minimize losses for option writers, and maximize gains for option buyers — all in a passive manner. Using option pools, Stryke enables anyone to earn a yield passively by optimizing option prices across all strike prices and expiries through its innovative and state-of-the-art option pricing model.
Media Contacts
PancakeSwap Team
Email: media@pancakeswap.finance
Stryke Team
Email: press@stryke.io
Disclaimer:info@kdj.com
The information provided is not trading advice. kdj.com does not assume any responsibility for any investments made based on the information provided in this article. Cryptocurrencies are highly volatile and it is highly recommended that you invest with caution after thorough research!
If you believe that the content used on this website infringes your copyright, please contact us immediately (info@kdj.com) and we will delete it promptly.
-
- Bitcoin Price Extend Gains Above $63,500
- Sep 23, 2024 at 12:15 pm
- Bitcoin price extended its increase above the $62,500 level. BTC was able to clear the $62,800 and $63,200 resistance levels to move further into a positive zone.
-
- Royal Canadian Mint unveils new Gold Maple Leaf bullion coin made from single mine in northern Ontario
- Sep 23, 2024 at 12:15 pm
- The Royal Canadian Mint has introduced its latest Gold Maple Leaf bullion coin – made entirely from gold sourced from a single mine in northern Ontario.
-
- BTC Miners Are Going Bust as the Market Realizes the Halving Myth Is a Lie
- Sep 23, 2024 at 12:15 pm
- Not long ago, CoinGeek reported on how Russian President Vladimir Putin warned that BTC miners were causing blackouts in certain regions.
-
- Dogecoin Eyes 45% Gain as Price Attempts to Stage a Breakout from Its Long-Term Resistance Structure This Month
- Sep 23, 2024 at 12:15 pm
- According to the Dogecoin price outlook presented in a previous CNF post, traders were warned against taking long positions amid the consolidation as analysts believed Dogecoin could trade between $0.12 and $0.15 in the short term, with potential for a rise if it breaks resistance at $0.16.
-
- Detailed Process for Claiming MON Token Airdrops
- Sep 23, 2024 at 12:15 pm
- Safety is paramount within the crypto industry. This post details typical frauds involving MON airdrops and gives guidance on how to steer clear of these scams.
-
- Top 5 Cryptos to Buy in October 2024 – KAS, SOL, ADA, CYBRO, NEIRO [Updated List]
- Sep 23, 2024 at 12:05 pm
- October 2024 brings a fresh update on the standout cryptocurrencies poised for significant growth potential. This brief glance introduces five noteworthy contenders that are capturing attention: KAS, SOL, ADA, CYBRO, and NEIRO.
-
- Extremely fine Congressional Gold Medal presented to Lieutenant Robert Henley sold for a hammer price of £180,000 at auction
- Sep 23, 2024 at 12:05 pm
- This was against an estimate of £40,000-50,000 at Noonans Mayfair on Thursday, September 19, in a sale of British, World Coins and Historical Medals.
-
- Nervos Network (CKB) Investors Eye Mpeppe (MPEPE) Gaming Launch as the Next Big Profit Opportunity
- Sep 23, 2024 at 10:25 am
- The Nervos Network (CKB) community has been riding a wave of profits as the value of CKB continues to climb. As excitement builds, many in the community are looking for the next big opportunity—and they’ve found it in Mpeppe (MPEPE).
-
- Hello Kitty's Limited-Edition 50th Anniversary Gold Coin Releases for Preorder
- Sep 23, 2024 at 10:25 am
- Via Sanrio's official Japanese website, Hello Kitty is receiving a new gold coin commemorating her 50th anniversary.