PancakeSwap 和 Stryke 联手通过 CLAMM 期权交易彻底改变 DeFi

PancakeSwap 和 Stryke 合作在以太坊侧链上推出了 CLAMM 期权交易。 CLAMM 是一种新的 DeFi 交易类型，提供到期时间为 1 小时到 24 小时的美式期权。此次合作为 PancakeSwap 用户提供了在熟悉的界面上访问 CLAMM 的权限，而 Stryke 用户则通过选择 PancakeSwap 作为底层 DEX，从更深层次的流动性中受益。 CLAMM 的创新流动性模型，即流动性提供者提供期权出售并收取溢价，降低了期权卖方的交易成本和风险，彻底改变了 DeFi 交易格局。

PancakeSwap Collaborates with Stryke to Revolutionize DeFi with CLAMM Options Trading

PancakeSwap 与 Stryke 合作，通过 CLAMM 期权交易彻底改变 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 与 Stryke（原 Dopex）联手，在以太坊侧链上推出 CLAMM 期权交易，这是一项开创性的合作伙伴关系。这种创新合作标志着 DeFi 领域的一个重要里程碑，为这个快速发展的生态系统带来了具有灵活到期日的美式期权。

CLAMM Options Trading: Empowering DeFi Traders

CLAMM 期权交易：赋能 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 期权交易是一种利用合成 Delta 代币 (SDT) 期权的新型去中心化金融 (DeFi) 交易。这些期权为交易者提供了一系列独特的功能，包括到期时间从 1 小时到 24 小时不等的美式执行。这种灵活性使交易者能够更准确地抓住动荡市场中的机会。

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 与 PancakeSwap 的集成使用户可以在熟悉的界面中无缝访问 CLAMM 期权交易。现有的 Stryke 用户还可以通过选择 PancakeSwap 作为底层 DEX 来增强流动性。

American-Style Options: Enhancing Investment Strategies

美式期权：增强投资策略

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.

美式期权为持有人提供在合约到期前随时行使其合约的权利。这使得交易者能够利用市场波动并根据需要退出头寸。

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.

包括期权在内的衍生品在金融市场中发挥着至关重要的作用，为买家提供在指定日期或之前以预定价格买卖标的资产的权利，但没有义务。这种灵活性使交易者能够减轻潜在损失并管理财务风险。

A Symbiotic Partnership: PancakeSwap and Strike

共生伙伴关系：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 之间的合作创建了一个综合平台，用户可以在其中参与期权交易、为 CLAMM 期权提供流动性、收取权利金并赚取掉期费用。

A Novel Liquidity Model: Transforming DeFi Trading

新颖的流动性模型：改变 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.

此次合作的一个关键创新是为 CLAMM 期权交易引入了一种新颖的流动性模型。流动性提供者为 CLAMM 期权做出贡献，进而创建 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.

这种创新的流动性机制可确保 v3 池持有任何未执行的期权并收取交易费用，同时池利率保持在市场范围内。如果池利率超过上限，流动性提供者可以通过为行权期权创建 v3 池来提取流动性。

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.

这种安排最大限度地降低了期权卖方的风险，并使他们的激励措施与流动性供应保持一致。它还有效地管理流动性，确保代币和初始流动性的一致平​​衡，而不存在与买家支持反应迟钝或流动性范围口袋相关的高风险。

CLAMM Options: A Catalyst for DeFi Evolution

CLAMM 期权：DeFi 发展的催化剂

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 的合作证明了 CLAMM 期权交易的变革力量。它将这一创新产品带到了一个熟悉的平台，扩大了其可访问性，并使 PancakeSwap 用户能够利用其优势。

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，此次合作标志着 DeFi 发展的重要一步，为新的投资策略和机会铺平了道路。 CLAMM 期权交易体现了塑造 DeFi 未来的灵活性、流动性和效率。

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.

它的出现无疑将塑造去中心化交易的未来，为用户提供先进的工具来驾驭不稳定的数字资产生态系统。随着 DeFi 格局的不断发展，PancakeSwap 和 Stryke 之间的合作伙伴关系成为创新的灯塔，让人们一睹 CLAMM 期权交易的变革潜力。