PancakeSwap 通过 Stryke 提供支持的 CLAMM 期权交易改造 DeFi

PancakeSwap 和 Stryke 联手推出了 CLAMM 期权交易，这是 DeFi 领域的一项突破性创新，将 PancakeSwap 的平台与 Stryke 的期权协议相结合。 CLAMM 期权在 Arbitrum 上推出，具有不同的到期期限和市场（ARB/USDC、ETH/USDC、wBTC/USDC），为交易者提供灵活的选择，并为流动性提供者提供增强的盈利潜力。此次合作标志着一个重要的里程碑，重塑了 DeFi 格局，并为用户和流动性提供者释放了新的机遇。

PancakeSwap Revamps DeFi with CLAMM Options Trading, Powered by Stryke

PancakeSwap 通过 Stryke 提供支持的 CLAMM 期权交易改造 DeFi

9:00 AM UTC, April 8th, 2024

世界标准时间 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) 巨头 PancakeSwap 与 Stryke（前身为 Dopex）合作推出了一项突破性创新，推出了 CLAMM（集中流动性自动做市商）期权交易。这款革命性产品将 PancakeSwap 的强大平台与 Stryke 的尖端期权协议相结合，重塑了 DeFi 格局。

Overview of PancakeSwap's CLAMM Options

PancakeSwap 的 CLAMM 选项概述

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 期权在 Arbitrum 网络上首次亮相，提供了无与伦比的灵活性，具有不同的到期时间（1、2、12 和 24 小时持续时间）和多样化的市场，包括 ARB/USDC、ETH/USDC 和 wBTC/美国发展中心。这些看涨期权和看跌期权类型使用基于 v3 池报价的执行价格。在平仓前行使头寸，以避免价内期权到期而变得毫无价值。用户还可以选择自动行权，在到期时自动实现盈利。

CLAMM Options: A Game-Changer for Liquidity

CLAMM 期权：流动性的游戏规则改变者

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 期权协议由 Stryke 团队精心打造，引入了专为期权交易者和 PancakeSwap v3 矿池量身定制的创新双重流动性提供系统。它的运作方式如下：

• 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.

流动性添加：用户向 CLAMM 期权贡献流动性，同时在其选择的价格范围内添加到指定的 PancakeSwap v3 (CLAMM) 池中。 期权交易：当期权交易者建立头寸时，从 v3 池中提取流动性以促进期权出售。用户成为期权卖方，获得溢价。闲置流动性管理：未使用的流动性驻留在 PancakeSwap v3 池中，如果池价格保持在流动性范围内，则可能赚取交易费用。一致的回报：出售期权并在 v3 池中提供流动性反映了相同的无常损失（IL）或代币余额，确保与传统的流动性提供方法相比，用户不会面临更大的风险。 风险最小：用户面临的风险最小，因为期权购买需求较低，流动性可能仍未被利用，流动性被添加到池中在不活跃范围内，可能无法赚取费用。此次合作标志着 DeFi 向前迈出了重要一步，为用户提供了多样化的交易机会，并提升了流动性提供商的收费潜力。

"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 负责人 Chef Mochi 表示：“PancakeSwap 与 Stryke 合作推出 CLAMM 期权交易，标志着 DeFi 创新的一个激动人心的时刻。” “与 Stryke 的尖端期权协议一起，我们正在重塑去中心化金融的格局，为用户和流动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 产品最近升级，我们很高兴与 PancakeSwap 合作，”Stryke（原 Dopex）创始人 TzTokChad 说道。 “PancakeSwap 是我们在利用 Uniswap v3 之外的 v3 流动性方面合作的首批 DEX 之一。成为领先的 BSC DEX 意味着 Stryke 链上期权交易开启了激动人心的新篇章，并将我们的产品扩展到新的生态系统。”

About PancakeSwap

关于 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 是领先的多链 DEX，在自动做市商 (AMM) 模型上运行，可跨 9 个链使用：BNB Chain、Ethereum、Aptos、Polygon zkEVM、zkSync Era、Arbitrum One、Linea、Base 和 opBNB。 PancakeSwap 于 2020 年推出，因其低交易费用、高速交易和用户友好的平台而成为加密货币行业最受欢迎的 DEX 之一。 PancakeSwap 的总交易量超过 7190 亿美元，锁定的总流动性超过 23.3 亿美元，使其成为业内领先的多链 DEX。

About Stryke (formerly Dopex)

关于 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（以前称为 Dopex）是一种去中心化期权协议，旨在最大限度地提高流动性，最大限度地减少期权卖方的损失，并最大限度地提高期权买方的收益——所有这些都是以被动的方式进行的。 Stryke 利用期权池让任何人都能被动赚取收益。凭借其复制波动性微笑的创新期权定价模型，它通过确保所有执行价格和到期日的公平和优化的期权价格，为期权卖方和买方提供价值。