PancakeSwap 和 Stryke 聯手透過 CLAMM 選擇權交易徹底改變 DeFi

PancakeSwap 和 Stryke 合作在以太坊側鏈上推出了 CLAMM 選擇權交易。 CLAMM 是一種新的 DeFi 交易類型，提供到期時間為 1 小時到 24 小時的美式選擇權。此次合作為 PancakeSwap 用戶提供了在熟悉的介面上存取 CLAMM 的權限，而 Stryke 用戶則透過選擇 PancakeSwap 作為底層 DEX，從更深層的流動性中受益。 CLAMM 的創新流動性模型，即流動性提供者提供選擇權出售並收取溢價，降低了選擇權賣方的交易成本和風險，徹底改變了 DeFi 交易格局。

PancakeSwap Collaborates with Stryke to Revolutionize DeFi with CLAMM Options Trading

PancakeSwap 與 Stryke 合作，透過 CLAMM 選擇權交易徹底改變 DeFi

In a groundbreaking partnership, PancakeSwap, a renowned decentralized exchange (DEX), has joined forces with Stryke (formerly Dopex) to introduce CLAMM Options Trading on the Ethereum sidechain. This innovative collaboration marks a significant milestone for the DeFi landscape, bringing American-style options with flexible expirations to this rapidly evolving ecosystem.

著名的去中心化交易所 (DEX) PancakeSwap 與 Stryke（原 Dopex）聯手，在以太坊側鏈上推出 CLAMM 選擇權交易，這是一項開創性的合作夥伴關係。這種創新合作標誌著 DeFi 領域的一個重要里程碑，為這個快速發展的生態系統帶來了具有靈活到期日的美式選擇權。

CLAMM Options Trading: Empowering DeFi Traders

CLAMM 選擇權交易：賦能 DeFi 交易者

CLAMM Options Trading is a novel type of decentralized finance (DeFi) trading that leverages Synthetic Delta Token (SDT) options. These options offer traders a unique set of features, including American-style execution with expirations ranging from one hour to 24 hours. This flexibility empowers traders to seize opportunities in volatile markets with greater precision.

CLAMM 選擇權交易是一種利用合成 Delta 代幣 (SDT) 選擇權的新型去中心化金融 (DeFi) 交易。這些選擇權為交易者提供了一系列獨特的功能，包括到期時間從 1 小時到 24 小時不等的美式執行。這種靈活性使交易者能夠更準確地抓住動盪市場中的機會。

Stryke's integration with PancakeSwap provides users with seamless access to CLAMM options trading within a familiar interface. Existing Stryke users also benefit from enhanced liquidity by selecting PancakeSwap as the underlying DEX.

Stryke 與 PancakeSwap 的整合使用戶可以在熟悉的介面中無縫存取 CLAMM 選擇權交易。現有的 Stryke 用戶還可以透過選擇 PancakeSwap 作為底層 DEX 來增強流動性。

American-Style Options: Enhancing Investment Strategies

美式選擇權：增強投資策略

American-style options provide holders with the right to exercise their contracts at any time prior to expiration. This allows traders to capitalize on market volatility and exit their positions as desired.

美式選擇權為持有者提供在合約到期前隨時行使其合約的權利。這使得交易者能夠利用市場波動並根據需要退出頭寸。

Derivatives, including options, play a crucial role in financial markets, providing buyers with the right but not the obligation to buy or sell an underlying asset at a predetermined price on or before a specified date. This flexibility empowers traders to mitigate potential losses and manage financial risk.

包括選擇權在內的衍生性商品在金融市場中發揮著至關重要的作用，為買家提供在指定日期或之前以預定價格買賣標的資產的權利，但沒有義務。這種靈活性使交易者能夠減輕潛在損失並管理財務風險。

A Symbiotic Partnership: PancakeSwap and Strike

共生夥伴關係：PancakeSwap 和 Strike

The partnership between PancakeSwap and Strike creates a comprehensive platform where users can engage in options trading, provide liquidity for CLAMM options, collect premiums, and earn swap fees.

PancakeSwap 和 Strike 之間的合作創建了一個綜合平台，用戶可以參與選擇權交易、為 CLAMM 選擇權提供流動性、收取權利金並賺取掉期費用。

A Novel Liquidity Model: Transforming DeFi Trading

新穎的流動性模型：改變 DeFi 交易

A key innovation of this partnership is the introduction of a novel liquidity model for CLAMM options trading. Liquidity providers contribute to CLAMM options, which in turn create PancakeSwap version 3 (v3) pools.

此次合作的一個關鍵創新是為 CLAMM 選擇權交易引入了一種新穎的流動性模型。流動性提供者為 CLAMM 選擇權做出貢獻，進而創建 PancakeSwap 版本 3 (v3) 池。

This innovative liquidity mechanism ensures that v3 pools hold any unexercised options and collect trading fees while pool rates remain within market range. Should pool rates exceed the upper bound, liquidity providers can extract liquidity by creating a v3 pool for the exercised options.

這種創新的流動性機制可確保 v3 池持有任何未執行的選擇權並收取交易費用，同時池利率保持在市場範圍內。如果池利率超過上限，流動性提供者可以透過為行使選擇權建立 v3 池來提取流動性。

This arrangement minimizes risks for option sellers and aligns their incentives with liquidity provision. It also efficiently manages liquidity, ensuring a consistent balance of tokens and initial liquidity without the high risks associated with unresponsive buyer support or liquidity range pockets.

這種安排最大限度地降低了選擇賣方的風險，並使他們的激勵措施與流動性供應保持一致。它還有效地管理流動性，確保代幣和初始流動性的一致平​​衡，而不存在與買家支援反應遲鈍或流動性範圍口袋相關的高風險。

CLAMM Options: A Catalyst for DeFi Evolution

CLAMM 選擇權：DeFi 發展的催化劑

PancakeSwap and Stryke's partnership is a testament to the transformative power of CLAMM options trading. It brings this innovative product to a familiar platform, expanding its accessibility and enabling PancakeSwap users to leverage its advantages.

PancakeSwap 和 Stryke 的合作證明了 CLAMM 選擇權交易的變革力量。它將這項創新產品帶到了一個熟悉的平台，擴大了其可訪問性，並使 PancakeSwap 用戶能夠利用其優勢。

Furthermore, this collaboration marks a significant step in the evolution of DeFi, paving the way for new investment strategies and opportunities. CLAMM Options Trading embodies the flexibility, liquidity, and efficiency that are shaping the future of DeFi.

此外，此次合作標誌著 DeFi 發展的重要一步，為新的投資策略和機會鋪平了道路。 CLAMM 選擇權交易體現了塑造 DeFi 未來的靈活性、流動性和效率。

Its emergence will undoubtedly shape the future of decentralized trading, empowering users with sophisticated tools to navigate the volatile digital asset ecosystem. As the DeFi landscape continues to evolve, the partnership between PancakeSwap and Stryke stands as a beacon of innovation, offering a glimpse into the transformative potential of CLAMM Options Trading.

它的出現無疑將塑造去中心化交易的未來，為用戶提供先進的工具來駕馭不穩定的數位資產生態系統。隨著 DeFi 格局的不斷發展，PancakeSwap 和 Stryke 之間的合作夥伴關係成為創新的燈塔，讓人們一窺 CLAMM 選擇權交易的變革潛力。