February 16, 2022, 9:51PM EST
• 10 min read

Primitive: Derivatives without oracles  

Quick take

  • 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.

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