Optix

Optix is a decentralized options and perpetual exchange protocol that allows users to trade options on various crypto-assets directly from their wallets, with up to 10x leverage. It provides an easy-to-use interface to buy and sell options to help streamline the DeFi trading experience.

Project Goals and Objectives

Optix plans to democratise risk transfer within the crypto ecosystem, as through the platform, any ERC-20 token can be the collateral for an insurance contract and any oracle can decide the strike prices. The protocol emphasizes capital efficiency, which means that collateral in one vault can be used to back several trading strategies across varying parameters. Optix’s notably focusing on a clean and intuitive user experience to trade options similarly like you would on a decentralized exchange.

Tokenomics

To reward participants in this ecosystem, Optix intends to launch the OPTIX token. In addition, OPTIX holders can also receive a portion of protocol fees and enjoy lower fees on trading, encouraging the use of token holders to participate in the platform. The tokenomics are designed to encourage sustainable growth and align the interests of users and the protocol.

ICO Information

Though no details have been released publicly on the ICO of the OPTIX token, its planned dates or allocations of tokens. Potential investors are encouraged to follow official Optix channels for future announcements and updates regarding the ICO timeline.

Technology Features

Available collateral includes most ERC-20 tokens, and this product integrates various oracles to determine the strike prices. The protocol plans to be multichain, presently integrated with Arbitrum, Optimism, Polygon, BNB Chain and Avalanche networks. This new multichain functionality expands accessibility and flexibility for users across a variety of blockchain ecosystems.

Team and Leadership

While the Optix team's experience is limited, the protocol has hired reputable blockchain security companies — Paladin and CertiK — to audit its smart contracts. These partnerships show their dedication to security and transparency of the team in the DeFi field.

Roadmap

Optix announced plans to launch its V2 protocol with additional features and support for more assets. In the roadmap for its development, the protocol sees the expansion of the multichain feature, permissionless structured products, and simplification of trading options for a wider range of users. For all the latest news regarding development milestones and feature releases, users are encouraged to follow Optix's official channels.