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The price you commit to buy or sell at. Further from the current price means safer but lower premium.
Money paid to you upfront by the market maker. Compensation for locking your capital. Yours regardless of outcome.
You set a lower and upper price. If the asset stays in range, all your capital comes back and you keep premium from both sides. If it moves out, you either buy (downside) or sell (upside) at the price you chose.
You always keep the premium. If you get assigned, you buy or sell at the price you chose. Your effective cost is always better than market because of the premium you earned. You cannot lose more than your collateral. No margin, no liquidations.
A professional market maker. They need someone on the other side of their trade. The premium is their cost, your income.
Weekly at 08:00 UTC. Settlement is automatic.
If OTM (price stayed on your side), your collateral is returned. If ITM (price crossed your strike), physical delivery occurs. Either way, you keep the premium.
No enforced minimum. You can start with any amount of USDC or ETH/cbBTC. The practical minimum depends on gas costs.
No. Connect your wallet and start earning. No KYC, no account creation.
Base (Coinbase’s L2). Gas fees are fractions of a cent.
ETH and cbBTC. More coming.