Oddz Finance: Newsletter

September 2021

Published in

oddz finance

3 min readOct 4, 2021

After months of development, auditing and successful testnet launches on Binance Smart Chain and Polygon Testnet, we finally launched on Binance Smart Chain mainnet! The launch on BSC mainnet was accompanied by a $50,000 Leaderboard Competition and Airdrop which will end on October 8, 2021. Every week, top 10 traders on Oddz Leaderboard are rewarded with up to $5,700 worth of ODDZ. We will also announce an airdrop of ODDZ tokens worth $27,200 at the end of this competition. More details on the airdrop coming soon!

September Highlights-

Partnerships and Announcements

The protocol has seen tremendous growth over the past few months and with the launch of Oddz on BSC, we have been able to expand our community in more regions across the world. Check our how we’ve progressed in the last month:

Oddz Mainnet Launch on Binance Smart Chain

After a series of successful testnet launches, Oddz finally set to launch their Mainnet Carnival on Binance Smart Chain (BSC) where the users could win up to $5,700 every week in Leaderboard Competition and Airdrop worth $27,200 in $ODDZ tokens.

Earn by Providing Liquidity on Oddz

Adding liquidity on Oddz means being an options writer and earning from the total premium of all the options contracts that were purchased but not exercised or were exercised at a <100% loss. Liquidity providers can earn additional yields on the platform by stalking their oUSD tokens.

Check here: https://app.oddz.fi/options/staking

Learn about Oddz Interactive Features

From adding liquidity to staking ODDZ and oUSD tokens on Oddz, users can avail of multiple features on Oddz. In addition to that traders can purchase options using Easy Options (for amateur traders) or Customised Options (experienced traders) based on their expertise in the markets.

Trade your first option contract now: https://app.oddz.fi/

Oddz Collaborated With Auxesia

Auxesia is a comprehensive solution for retail investors seeking a smarter, easier way to manage risk while reaching long-term financial goals. Oddz and Auxesia have mutually agreed to collaborate and we are working towards various ways to manage hedged positions and provide liquidity by following Auxesia’s dynamic and diverse strategies and also use Oddz perpetuals for managing digital assets for Auxesia’s users.

Earn High APY by Staking on Oddz

Another interesting feature of Oddz is staking ODDZ and oUSD tokens on the platform to earn very high APY. Read more on how these staking rewards are distributed in the blog.

Oddz Mainnet Statistics (Up To September 30, 2021)

Total Option Bought: 208

Total Options Volume trades: $3.49M

Transaction Fee collected: $642.07

Total Options Exercised: 72

Total Options Expired: 39

Total Liquidity Provided: $681,671

ODDZ tokens staked: 3.314M ODDZ

Total Staking Rewards distributed: 340,000 ODDZ

Unique Option Buyers: 73

Unique LPs: 99

Stakers (ODDZ and/or oUSD): 342

Message from the CEO:

We are very happy to see our product being accepted by so many new traders and degens in the DeFi space. So far, 208 options have been purchased and I am excited to reveal what we have in store for you all. There are more developments happening on the product and we will announce soon!
Aishwarya Shivakumar Haroshivanahalli, Co-Founder and CEO, Oddz Finance

Hope you enjoyed reading about us!

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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