February 16, 2022, 9:51PM EST
• 10 min read
Primitive: Derivatives without oracles
- On-chain options markets continue to lag other DeFi verticals in adoption, with risk management and low liquidity still posing significant challenges.
- Current approaches range from on-chain peer-to-peer order matching to options-focused AMMs.
- Primitive takes a novel approach of using custom spot pools whose LP shares are designed to replicate payoff structures for designated options strategies.