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An Avalanche of DeFi: Arrow Markets

2. Arrow Markets — Options without the middleman

Source: Thorp and Kassouf, Black and Scholes, Cboe
Source: Cboe, NASDAQ
BTC options volume on Deribit
Source: DeFi Llama. Protocol websites

Automated Market Maker for options, for maximum flexibility

Partially collateralized

Complexity hidden from the UX



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Blockworks.co head of research. VC at AventuresDAO, TheBoringDAO, CosmicCartel. Academic at the Cambridge Centre for Alternative Finance