Announcing Open Options Minting on Solana

How does it work?

  1. Navigate to https://www.flex.zeta.markets/mint.
  2. Connect your wallet.
  3. Select the type of option you would like to create: Cash or Physically settled.
  4. Enter the mint key of the collateral you would like to use. You can see a full list of available collaterals here.
  5. If you are creating physically settled options, enter the mint key of the currency you would like the end user to exercise with. Full list of definitions here.
  6. Select the strike price you would like the end user to pay for the tokens.
  7. Select the Settlement Start Date.
  8. Select the Settlement End Date (Expiry).

Documentation soon…

What can you do with this tool?

  • Liquidity mining: Reduce downward sell pressure from toxic farmers and earn revenue on your liquidity mining program. Incentivise constructive activity from your community by offering liquidity mining rewards with options.
  • Community sales: Improve the economics of your token launch. Remove incentives for ‘token flippers’ and ‘air-droppers’ while maintaining favourable benefits for the true believers in your protocol.
  • Token vesting: Align incentives with contributors or ecosystem partners. Distribute options that give the owner the right to buy at a discounted rate to the current market price.
  • Yield generation: Earn yield on idle token holdings by taking a view on price and selling options.
  • Bespoke solutions: Speak to us in discord if you have any questions on using this tool for anything not listed above.

Risks

  • Smart contract risk.
  • Take careful note of the parameters you set for the contract. Once the options are minted, the terms can’t be changed.
  • Only the holder of the option token has the right to the option. Once tokens are transferred to another wallet, only the holder of the private key of that wallet is entitled to the benefits of that option.

Conclusion

Links:

Stay in touch!

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Zeta ζ

Zeta ζ

Zeta (ζ) is the premier under-collateralized DeFi derivatives exchange, providing liquid derivatives trading to individuals and institutions alike.