Get Things Rolling with Oddz Interactive Features
Dynamic Features of Oddz
At the outset of the Mainnet Carnival, Oddz opted to manifest its interactive features as we believe in providing hassle-free trading platforms to all its users. It simplifies options trading for everyone.
Snapshots
- Beginners can trade smoothly using low-risk Easy Options.
- Provide liquidity to earn a share in options premium, stake oUSD tokens and earn rewards.
- Users can practice their strategies using a non-monetary token through Virtual Trading platform and observe the trading pattern and behavior of other expert traders through Social Trading platform.
Users can perform staking and raise their returns.
Easy Options
Where options trading makes traders puzzled by the complex user interface of different trading platforms, Oddz have come up with a unique ‘Easy Options’ trading platform that administers and helps users with a simple and effortless user interface. This low-risk options trading product is developed for beginners and learners which will allow them to trade in various cryptocurrency conveniently. Easy Options removes any dependencies of any options writers. You can directly buy the options contract from the platform. You will also be given daily, weekly, and monthly options strategies based on your price prediction for the underlying asset. To get going, options traders can now make a profit by trading in ETH and BTC options. All you need to do is forecast whether the price of ETH and BTC will be up or down in the near future. Trading Easy Options means that your losses are predefined, thus providing users with great capital protection.
To know more about Easy Options, click here.
Customised Options
To fulfil the needs of options traders in the crypto space, we realized there is a need for a more dynamic product. With the cryptocurrency market growing and more traders transacting in the options market, there will be many traders devising their own strategies based on their analysis of the market. ‘Customised Options’ will allow experienced and accomplished traders to trade different options based on their unique trading strategies. This not only makes contracts customizable but also helps users to freely change the parameters corresponding to their own preferences and trading strategies. Additional benefit that Oddz grants is no gas fees for each transaction made on the platform.
To know more about Customised Options, click here.
Provide Liquidity
It allows users to provide liquidity. The privilege of adding liquidity is collectively shared by all the options buyers who are eligible to get liquidity from that pool. The pools are the counterparties to all the options with different terms, while providing collaterals to them. Risks and premiums are shared equally across the entire group of liquidity providers so that no individual participant is at high risk and all participants can share in the rewards. Liquidity pools provide constant liquidity for options transactions.
Learn how to earn by providing liquidity in Oddz, here.
Virtual Trading
It allows the users to trade with Peggy tokens (a token with no monetary value) which aids the users to practice their strategies and then implement the same with real money. Here, the users practice trading using the real market data in order to be familiar with the user-interface. This helps the users to gain an edge in the market without losing much. The demo trading is surreal as this platform has all the features and transacting functions just like the real account.
Social Trading
To make greater profits in this highly volatile crypto market, ‘social trading’ enables the users to observe the trading pattern and behavior of other expert traders. They can speculate the price action and follow their investment strategies. To assist the beginners who have little or no knowledge about financial markets, social trading is up for support and guidance. It provides transparency in traders’ performance statistics giving users complete details to assess the credibility of the contributors they chase on the platform. Built for users’ advantage, they can use the professionals’ insight, knowledge and awareness.
For advantage go and check it here
Positions Trading
The utmost goal in the crypto market is to maximise gains in the incoming bull cycle. To procure this goal, traders appoint infinite tactics and strategies. ‘Position Trading’ is an easy and virtually stress-free approach initially. A position is a declaration of a market commitment, held by a trader. As a position trader, you stand by your positions till the target price is met. It minimizes the necessity for an in-depth technical analysis as it is time-consuming and taxing. But just a satisfied degree of expertise to productively time the market. If you don’t possess these skills, position trader is best to stick on as it helps in long-term bullish exhaustion.
Staking
Staking is a way of earning rewards for holding certain cryptocurrencies. If a user is looking to hold funds in the crypto wallet, then the Oddz trading platform is the right place for users to perform staking and boost up their returns. Users can stake $ODDZ tokens in an attempt to earn higher yields, thus maximizing returns. Tech-savvy traders also employ various yield farming strategies to procure more returns.
You can view it here
Leaderboard
The leaderboard feature demonstrates the details of the users who are making good and enjoyable profits. The leaderboard displays the strike price, type of options available, type of underlying asset, expiry etc. Along with these it also showcases their profits from the options trading and staking rewards. All these qualities of leaderboard will comfort learners to view the experts and strategize accordingly.
Go have a look yourself, here.
Oddz Academy
Oddz Academy is a special feature launched by us to provide educational content to everyone who wishes to learn about options trading and DeFi. The main objective is to make DeFi and Derivatives Trading uncomplicated and effortless. We have tailor-made content for all beginners and experts. In order to sustain high-quality educational-content, Oddz Academy will also collaborate with industry experts to enhance your learning experience and be a one-stop solution for all.
Get to know more about Oddz Academy, here.
About Oddz
Oddz is a trustless on-chain derivatives trading platform that expedites the execution of call and put options contracts, conditional trades, and futures. It allows the creation, maintenance, execution, and settlement of trustless option contracts, conditional tokens agreements, and futures contracts in a fast, secure, and flexible manner.
It employs the synergies of Ethereum, Binance Smart Chain, Polkadot, Polygon and Chromia to unleash the potential of a decentralized derivatives market. It focuses on building solutions that can propel the DeFi ecosystem by simplifying derivatives trading and enhancing the user experience.
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