The premium was always on the other side.
For years, TradFi options writers earned the spread while crypto holders watched. Nondollar flips it — your ETH, BTC, SOL, or tokenized equity becomes collateral for selling calls on the stocks moving markets right now.
Where the real options volume lives.
61M contracts a day. Six straight record years. We mirror listed strikes and expiries on NVDA, TSLA, SMR — and price 20–30% under CBOE.
Buy here. Sell there. Pocket the spread.
Pay in USDC. Post no collateral. Never touch onchain. Hedge in your broker the same minute. The arb has been sitting there.
Two sides. One book. No bridge in between.
Pyth and Chainlink price the strikes. dCDS architecture handles settlement. ITM at expiry? Spot minus strike comes from collateral. OTM? Seller keeps every cent of premium. That's it. That's the protocol.
Pick your side of the trade.
Two paths. One protocol. Choose how you want to enter the largest derivatives market in the world.
Options carry risk of total loss of premium or collateral. Not available in all jurisdictions.