Oddz Finance: Newsletter
December 2021
After months of planning and development, we have finally released the date of testnet on Avalanche network. This festive month has not only seen the platform reaching 1000+ options but also the launch of our discord channel. Moreover, the introduction of our Oddz Options v2 features has given us the confidence to take our platform to the next level.
December Highlights
- Avalanche to Provide Liquidity to Bootstrap Oddz’s Options AMM Pool
- Oddz hit a 1000 options Milestone
- Amid AscendEx breach, $ODDZ escaped steadily
- Launch of Oddz Discord Channel
- Completion of the Buy Back of 32,000 Oddz Tokens
- Announcement of the date for Oddz Testnet on Avalanche
- Announcement of Oddz Options v2 Features
- Future vs Options
Partnerships, Announcements and More!
Avalanche to Provide Liquidity to Bootstrap Oddz’s Options AMM Pool
Oddz integration with Avalanche has been rewarding. They will be helping us by providing an eccentric amount of liquidity to bootstrap Oddz’s options AMM pool. Moreover, it will also help us to drive more volume through exemplary joint marketing campaigns.
Oddz reaching 1000 options Milestone
Oddz achieved another milestone in the month of December. Our platform hit 1000 options!
This mark could not be achieved without the unwavering support of our users.
Amid AscendEx breach, $ODDZ escaped steadily
Amidst the AscendEX breach, $ODDZ managed to remain secure without being compromised. The hack had a major impact on the AscendEX exchange but we were lucky to remain safe and secure.
Launching of our Discord Channel
After much organizing and designing, we finally announced our Discord channel. We have always prioritized our users and this move was made for their enhancement. The channel was structured for productive discussions, debates and pricing strategies.
Completion of the Buyback of 32,000 Oddz Tokens
As Oddz promised automated buyback using the protocol transaction and settlement fees, we successfully completed the buy back of 32,000 Oddz tokens from the market. This buy back was done with $10,000 worth Oddz tokens and we happily distributed them as staking rewards among our Stakers and Developers.
Announcement of Oddz Testnet on Avalanche
After months of effective formulation, we finally released our launch date of Oddz testnet on Avalanche, 10th January, 2022. More on this soon!
Announcement of Oddz Options v2 features
We unveiled our Oddz Options v2 features, which will come into effect as of the launch date. Our goal with options v2 is to take Oddz to the next level with features like deviation-based pools, secondary markets, advanced strategies, auto exercised options, and dynamic APY.
Oddz Academy Update: Future vs Options
To keep our users informed about derivatives, we discussed the distinction between a future and an option contract. We wrote a detailed blog about everything from the meaning to the key differences between them to educate our users. Have a look, here.
A Message from our CEO
‘This new year, our users will experience newer things to explore on our platform . The team is endlessly working on creative developments for our users. From Options v2 Mainnet on Polygon and Ethereum to Perpetual Testnet on BSC we have a lot on our bucket to offer our users. Stay tuned for the magic!’
Aishwarya Shivakumar Haroshivanahalli, Co-Founder and CEO, Oddz Finance
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, Elrond Network 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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