DIVΞR’s DIGEST #8
Ahoy there and welcome to Diver’s Digest, the official newsletter of the Divergence Protocol. Y’all ready? Let’s dive in:
📰 News 📰
❇️ HODL & Earn Campaign on Gate.io
“Lock $DIVER & Earn #2” launched at 8:00 UTC on Jan 28th in Gate.io’s “HODL & Earn” section. This farm will run for 14 days and has an APR of 100%.
❇️Compose Long & Short Standard Vanilla Options on Divergence
What we buidl now are binary options, but you can turn them into vanillas by combining Asset-Or-Nothing or Cash-Or-Nothing binary options on Divergence.
❇️ Dealing with Bottom using Options
If you believe the bottom is near, how would you deal with it? Well, probably different people will have different answers, cough, not financial advice, always do your own research :)
👀Developments👀
Over the last two weeks, the team has been focused primarily on coding now that we’ve finalized the new technical structure. It may still take a few weeks before completion and releasing our next beta, but when it comes, a new trading competition will also be launched.
❇️ Interface Improvements
We’re in the process of shipping a new homepage for Divergence and have been re-designing a couple of interface pages for the product. With the new technical structure, liquidity provision & options selling will be a different experience compared to the past.
In order to provide in-depth data to traders and market makers for better decision-making, we’re also adding a new subpage that summarizes the transaction and liquidity history of each binary options pool.
❇️ Weekly Options Educational Contents
The new product structure the team is working on will give room for more advanced options strategies which we have touched upon lately. In order to familiarize the community with all the different types of strategies that Divergence is capable of offering, we will be releasing more educational videos on our YouTube channel.
You can check below for explainers on Asset-or-Nothing and Cash-or-Nothing options.
❇️ Contributor & Reward Programs
As a community-oriented project, we appreciate all the contributions from the community and we want your support to be properly rewarded. We’re in the process of finalizing a contributor program to be kicked off once we launch, and are looking for ideas around product, tooling, data analytics, and trading strategies.
📊Crypto Options Market News📊
❇️ BTC options’ skew continued to decline, while the ETH far-month futures premium fell below 5% for the first time after delivery on January 28.
❇️ “Find smart ways to get long vol. given spot uncertainty and the relatively cheap IV environment”
❇️ In BTC, call options remain its larger proportion at 63% of options traded. 24Jun 40k vs 60k call spread was the most dominant with about 1300x traded.
🤿 Miscellaneous 🤿
Asset-or-Nothing & Cash-or-Nothing Calls Explained
Asset-or-Nothing & Cash-or-Nothing Put Explained
🌊Rising Sea-Levels May Have Forced Vikings to Leave Greenland, Shows Study:
About Divergence
Divergence is a decentralized platform for hedging, trading DeFi-native asset volatility, with its flagship product being an AMM-based marketplace trading synthetic binary options.
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🔔Website: https://www.divergence-protocol.com/
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