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Decentralized options protocol Charm Finance has launched, according to a blog post published on Jan. 18. Charm grants users several benefits for options trading, including lower slippage.
- Charm Finance splits tokens into tokenized payoffs and uses a prediction market AMM to create liquidity
- The team touts several benefits for the system over current solutions, including lower slippage and price being determined entirely by supply and demand, as no external oracles are used
- User will be able to sell options without buying them (shorting), and selling them any time before expiry in the European style
- For safety, the protocol enforces a cap of $100k on positions, and the protocol is currently unaudited, and the developers have warned users accordingly
- The DeFi market continues to see a host of new launches and record highs in DEX volumes, having received a breath of fresh air from the bull run
