Delta Theta

delta.theta is a peer-to-peer option trading platform currently operating on Binance Smart Chain, Polygon and Ethereum. In simplest terms, it is a protocol that enables CEX liquidity on options to be available on-chain. delta.theta enables a decentralized network of real-time order book market makers to hedge DEX options against CEX order books.

DeFi farmers, on the other hand, get access to the lowest premium on price crash insurance.

I. Problems Solved

A. Protection for DeFi Farmers As DeFi TVL grows, the need for price insurance becomes greater. Such solutions are primarily offered in the form of options. However, on-chain solutions for options charge substantial premiums, are limited to Ethereum, and fail have sufficient liquidity. Delta.theta uses the highly liquid options markets across all major CEX (Binance, Deribit, and OKEx) and funnels that liquidity on-chain.

The lite version provides protection against price loss to farmers beyond Ethereum.

B. DeFi for Expert Traders DeFi largely revolves around spot trading. Protocols like Aave and Compound provide simple margin options too. The average trade on most CEX, though, is over 20x leverage. Options can provide (a) extreme leverage, (b) hedging, and (c) strategic trading.

For now, any DeFi trader would have to opt for a CEX to properly participate in options. Delta.theta resolves this problem with a rapid fulfillment terminal on BSC, Ethereum and Polygon

delta.theta is a peer-to-peer option trading platform currently operating on Binance Smart Chain, Polygon and Ethereum. In simplest terms, it is a protocol that enables CEX liquidity on options to be available on-chain. delta.theta enables a decentralized network of real-time order book market makers to hedge DEX options against CEX order books.

DeFi farmers, on the other hand, get access to the lowest premium on price crash insurance.

I. Problems Solved

A. Protection for DeFi Farmers As DeFi TVL grows, the need for price insurance becomes greater. Such solutions are primarily offered in the form of options. However, on-chain solutions for options charge substantial premiums, are limited to Ethereum, and fail have sufficient liquidity. Delta.theta uses the highly liquid options markets across all major CEX (Binance, Deribit, and OKEx) and funnels that liquidity on-chain.

The lite version provides protection against price loss to farmers beyond Ethereum.

B. DeFi for Expert Traders DeFi largely revolves around spot trading. Protocols like Aave and Compound provide simple margin options too. The average trade on most CEX, though, is over 20x leverage. Options can provide (a) extreme leverage, (b) hedging, and (c) strategic trading.

For now, any DeFi trader would have to opt for a CEX to properly participate in options. Delta.theta resolves this problem with a rapid fulfillment terminal on BSC, Ethereum and Polygon

Delta.theta (DLTA) is a peer-to-peer asset option trading platform. Currently, the solution is implemented on the following blockchains: Binance Smart Chain and Ethereum.

The platform architecture, as part of the implementation on the Binance Smart Chain blockchain and Ethereum, supports the following functionality:

Unlimited expirations

Pairing of any coins for the corresponding blockchain

American-style options (execute at any time prior to expiration date)

Limit and market orders. Limit order - user chooses the parameters (price, term). Market order - the user buys/sells what is available in the trading terminal.

2-level system of commissions. Maker fee - if the user adds liquidity to the order book (puts an order not at the current market), a reduced commission is applied to it. Taker fee - if the user removes liquidity from the order book (takes out the current orders), the standard commission is applied to him.

Sellers of options pledge 100% of the collateral, thus the failure of the contract is not possible.

Option sellers can participate in the Liquidity Incentivize Program. Their placed orders can be forwarded to protocols like Venus/Compound, where option sellers can earn extra money.

delta.theta is a simple, clear and functional product for "farmers". By using delta.theta LITE, in 3 clicks any farmer can qualitatively increase his APY by choosing a simple ready-made risk management scheme. Our product solves two major pains of "farmers":

First, through delta.theta, farmers buy protection during the farming period. The farmer invests in stablecoins and "strong" coins (ETH, etc.), and the output is a coin that is subject to a significant drop. Thus, the farmer needs to get protection from the dump of the token that is being farmed.

Efficient capital management. Today's farmers in search of APY growth use quite a wide range of products, from simple farming to flashloans solutions. Options allow them to participate with less capital leverage. We started out with a simple one - by allowing farmers to sell options. You sell an option - and you make money.

The farmer has an opportunity to make money on his desire to use his own capital more efficiently. Example: A farmer wants to sell a coin at a higher price and comes to delta.theta, he uses the Sell High option and places a limit order through the delta.theta LITE app and the magic begins: a. first, his order can go into LIP (disabling feature) - this means that his order is deposited on the Venus protocol and the farmer is paid the appropriate APY b. Secondly, if the buyer bought the farmer's option, he paid him a premium. But the option may not be executed. So, the farmer has already earned in 2 places just on his desire to be efficient.

delta.theta is a Peer-to-peer asset options trading platform. The platform consists

of the following modules:

- delta.theta Smart Contracts;

- LITE terminal for farmers;

- PRO terminal for traders;

- $DLTA token to fuel the ecosystem.

Currently, the platform can function in both Ethereum (most trusted) and Binance Smart Chain (most popular among retail users). delta.theta solves two biggest pains for farmers and traders. Farmers can take advantage of more advanced trading strategies, using options to hedge risks of impermanent loss and price surge of the underlying asset, which is locked for farming. Traders can finally work with liquidity directly, omitting the LPs and CEX matching engines, while enjoying a simple and classic options trading terminal interface. delta.theta is processing the orders of participants, offering only fully covered options. delta.theta does not take custody of user funds, and functions as an intermediary between market participants. $DLTA token has an essential utility in the platform, granting the token holders with a number of benefits, including market reports and extended platform functions.

delta.theta is a Peer-to-peer asset options trading platform. The platform consists

of the following modules:

- delta.theta Smart Contracts;

- LITE terminal for farmers;

- PRO terminal for traders;

- $DLTA token to fuel the ecosystem.

Currently, the platform can function in both Ethereum (most trusted) and Binance Smart Chain (most popular among retail users). delta.theta solves two biggest pains for farmers and traders. Farmers can take advantage of more advanced trading strategies, using options to hedge risks of impermanent loss and price surge of the underlying asset, which is locked for farming. Traders can finally work with liquidity directly, omitting the LPs and CEX matching engines, while enjoying a simple and classic options trading terminal interface. delta.theta is processing the orders of participants, offering only fully covered options. delta.theta does not take custody of user funds, and functions as an intermediary between market participants. $DLTA token has an essential utility in the platform, granting the token holders with a number of benefits, including market reports and extended platform functions.