PancakeSwap 透過 Stryke 提供支援的 CLAMM 選擇權交易改造 DeFi

PancakeSwap 和 Stryke 聯手推出了 CLAMM 選擇權交易，這是 DeFi 領域的突破性創新，將 PancakeSwap 的平台與 Stryke 的選擇權協議相結合。 CLAMM 選擇權在 Arbitrum 上推出，具有不同的到期期限和市場（ARB/USDC、ETH/USDC、wBTC/USDC），為交易者提供靈活的選擇，並為流動性提供者提供增強的獲利潛力。此次合作標誌著一個重要的里程碑，重塑了 DeFi 格局，並為用戶和流動性提供者釋放了新的機會。

PancakeSwap Revamps DeFi with CLAMM Options Trading, Powered by Stryke

PancakeSwap 透過 Stryke 提供支援的 CLAMM 選擇權交易改造 DeFi

9:00 AM UTC, April 8th, 2024

世界標準時間 2024 年 4 月 8 日上午 9:00

PancakeSwap, the decentralized exchange (DEX) behemoth, has unveiled a groundbreaking innovation in collaboration with Stryke (formerly Dopex), introducing CLAMM (Concentrated Liquidity Automated Market Maker) Options Trading. This revolutionary product merges PancakeSwap's robust platform with Stryke's cutting-edge options protocol, reshaping the DeFi landscape.

去中心化交易所 (DEX) 巨頭 PancakeSwap 與 Stryke（前身為 Dopex）合作推出了一項突破性創新，推出了 CLAMM（集中流動性自動做市商）期權交易。這款革命性產品將 PancakeSwap 的強大平台與 Stryke 的尖端選擇權協議相結合，重塑了 DeFi 格局。

Overview of PancakeSwap's CLAMM Options

PancakeSwap 的 CLAMM 選項概述

Making their debut on the Arbitrum network, PancakeSwap's American-style CLAMM options offer unparalleled flexibility with diverse expiry durations (1, 2, 12, and 24-hour durations) and diverse markets, including ARB/USDC, ETH/USDC, and wBTC/USDC. These options in Call and Put types utilize strike prices based on v3 pool ticks. Exercise positions before closure to avoid in-the-money options expiring worthless. Users can also choose auto-exercise to automate profit realization at expiration.

PancakeSwap 的美式CLAMM 選擇權在Arbitrum 網路上首次亮相，提供了無與倫比的靈活性，具有不同的到期時間（1、2、12 和24 小時持續時間）和多樣化的市場，包括ARB/USDC、ETH/ USDC 和wBTC/美國發展中心。這些看漲期權和看跌期權類型使用基於 v3 池報價的執行價格。在平倉前行使頭寸，以避免價內選擇權到期而變得毫無價值。用戶還可以選擇自動行權，在到期時自動實現盈利。

CLAMM Options: A Game-Changer for Liquidity

CLAMM 選擇權：流動性的遊戲規則改變者

Crafted by the Stryke team, the CLAMM options protocol introduces an innovative dual liquidity provision system tailored for options traders and PancakeSwap v3 pools. Here's how it operates:

CLAMM 選擇權協議由 Stryke 團隊精心打造，引入了專為選擇權交易者和 PancakeSwap v3 礦池量身定制的創新雙重流動性提供系統。它的運作方式如下：

• Liquidity Addition: Users contribute liquidity to CLAMM options while simultaneously adding 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. The user becomes an options seller, 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 mirror the same impermanent loss (IL) or token balance, ensuring users face no increased risk compared to conventional liquidity provision methods.
• Minimal Risks: Users face minimal risks, as liquidity might remain unutilized due to lower options buying demand, and liquidity is added to the pool in an inactive range, potentially not earning fees.

This collaboration marks a significant step forward for DeFi, providing users with diverse trading opportunities and elevating liquidity providers' fee-earning potential.

流動性添加：使用者為 CLAMM 選擇權貢獻流動性，同時在其選擇的價格範圍內添加到指定的PancakeSwap v3 (CLAMM) 池中。選擇權交易：當選擇權交易者建立部位時，從v3 池中提取流動性以促進選擇權出售。使用者成為選擇權賣方，獲得溢價。閒置流動性管理：未使用的流動性駐留在PancakeSwap v3 池中，如果池價格保持在流動性範圍內，則可能賺取交易費用。一致的回報：賣出選擇權並在v3 池中提供流動性反映了相同的無常損失（IL）或代幣餘額，確保與傳統的流動性提供方法相比，用戶不會面臨更大的風險。風險最小：用戶面臨的風險最小，因為期權購買需求較低，流動性可能仍未被利用，流動性被添加到池中在不活躍範圍內，可能無法賺取費用。此次合作標誌著DeFi 向前邁出了重要一步，為用戶提供了多樣化的交易機會，並提升了流動性提供者的收費潛力。

"PancakeSwap's collaboration with Stryke to launch CLAMM Options Trading marks an exciting moment for DeFi innovation," said Chef Mochi, Head of PancakeSwap. "Together with Stryke's cutting-edge options protocol, we're reshaping the landscape of decentralized finance, providing new possibilities for users and liquidity providers alike."

PancakeSwap 負責人 Chef Mochi 表示：“PancakeSwap 與 Stryke 合作推出 CLAMM 選擇權交易，標誌著 DeFi 創新的一個激動人心的時刻。” “與 Stryke 的尖端期權協議一起，我們正在重塑去中心化金融的格局，為用戶和流動性提供者提供新的可能性。”

"Coinciding with the recent upgrade to the popular CLAMM product, we are thrilled to work with PancakeSwap," said TzTokChad, Founder of Stryke (formerly Dopex). "PancakeSwap is among the first DEXs we work with in terms of leveraging v3 liquidity beyond Uniswap v3. Being the leading BSC DEX means an exciting new chapter in on-chain options trading for Stryke and expanding our products to new ecosystems."

「恰逢流行的 CLAMM 產品最近升級，我們很高興與 PancakeSwap 合作，」Stryke（原 Dopex）創始人 TzTokChad 說。 「PancakeSwap 是我們在利用Uniswap v3 以外的v3 流動性方面合作的首批DEX 之一。成為領先的BSC DEX 意味著Stryke 鏈上期權交易開啟了激動人心的新篇章，並將我們的產品擴展到新的生態系。”

About PancakeSwap

關於 PancakeSwap

PancakeSwap is a leading multichain DEX 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. PancakeSwap has over $719 billion in total trading volume and over $2.33 billion in total liquidity locked, making it the leading multichain DEX in the industry.

PancakeSwap 是領先的多鏈 DEX，在自動做市商 (AMM) 模型上運行，可跨 9 個鏈使用：BNB Chain、Ethereum、Aptos、Polygon zkEVM、zkSync Era、Arbitrum One、Linea、Base 和 opBNB。 PancakeSwap 於 2020 年推出，因其低交易費用、高速交易和用戶友好的平台而成為加密貨幣行業最受歡迎的 DEX 之一。 PancakeSwap 的總交易量超過 7,190 億美元，鎖定的總流動性超過 23.3 億美元，使其成為業內領先的多鏈 DEX。

About Stryke (formerly Dopex)

關於 Stryke（原 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. Stryke utilizes option pools to allow anyone to earn a yield passively. It offers value to both option sellers and buyers by ensuring fair and optimized option prices across all strike prices and expiries, thanks to its innovative option pricing model that replicates volatility smiles.

Stryke（以前稱為Dopex）是一種去中心化選擇權協議，旨在最大限度地提高流動性，最大限度地減少選擇權賣方的損失，並最大限度地提高選擇權買方的收益——所有這些都是以被動的方式進行的。 Stryke 利用選擇權池讓任何人都能被動賺取收益。憑藉其複製波動性微笑的創新期權定價模型，它通過確保所有執行價格和到期日的公平和優化的期權價格，為期權賣方和買方提供價值。