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in the crypto space one of the best cryptocurrency defy exchanges for options and derivatives trading
today in crypto is odds finance and i will tell you why if you are a trader looking to trade
on a defy exchange odds offers zero gas fees a delightful and simplified interface customizable
options via self-defined parameters transparent premium calculation verified on-chain settlement
and genesis of each option contract guaranteed exercise at any moment during the holding period
non-custodial 24 7 global options trading censorship resistant with no kyc email signup
enticing incentives and rewards via staking and other programs decentralized and pragmatic
governance odds finance is a multi-chain derivatives trading platform on binance smart
chain polygon polka dot and ethereum it is simple secure decentralized it will soon be compatible
with avalanche and solana odds finance is compatible or soon will be compatible
with almost every major dapp platform in the space except maybe cardano
but that's always a possibility in the future odds finance is in fact the world's first
on-chain options trading platform to be compatible with all of these chains this is
a big differentiator it's a great thing it makes it more functional more liquid more distributed
makes it stronger more likely to survive i'm happy to say odds finance is sponsoring today's
video now you might have seen this project written up in yahoo finance like i did i think it's a
great write-up odds finance is a decentralized on-chain options trading protocol that simplifies
multi-chain options trades it facilitates creating maintaining and settling options contracts
conditional tokens and futures contracts safely and securely leveraging the binance smart chain
polka dot and the ethereum blockchain with an inbuilt oracle solution it aims to revolutionize
the d5 derivatives space by introducing smart and intuitive options trading solutions to drive
mass adoption its distinguishing features include instant trades interoperable options trades
transparent premium discovery mechanisms and customized options trading techniques odds finance
aims to provide a seamless derivative experience to users addressing the broader spectrum
prevalent in the d5 derivatives market it strives to bring defy to mainstream adoption by promoting
cross-chain trades and a high degree of intuitive user experience to extract derivative traders
to experience the permissionless ecosystem following a user-centric approach odds finance
is a decentralized derivatives platform with key attributes unleashing the true potential of d5
by unique product functionalities and value propositions i'm going to leave a link to the
site in the description so you can check this out for yourself but again let's just put it simply
why would anybody choose odds finance odds offers a seamless on-chain options trading solution
with an in-built oracle solution traders like odds finance because it offers everything here
transparent premium calculations so it shows all metrics used to calculate the premium
this will help users make better decisions obviously this is a very good thing
zero gas fees great thing make your transactions more economical and viable delightful interface
get up and running fast with our easy to use and clutter free interface customizable options
get new options by defining your own parameters diversified option premiums support for options
for multiple cryptocurrencies across various blockchains incentives and rewards earn a higher
yields as a liquidity provider get incentivized as a data curator by staking odds tokens
and then of course governance have a say in future upgrades and additions to the protocol
and oracle and with that let's talk about the token you can earn odds tokens by one providing
liquidity provide liquidity to earn a share in options premium stake ousd tokens and earn rewards
and two you can earn odds tokens by earning staking rewards stake your odds tokens and
earn a share in settlement fees along with staking rewards so this is the odds token chart over the
last three months right now trading for about 39 cents odds is both for traders and dapps so
for traders you can make informed decisions with reliable data assimilated from trusted sources low
gas fees and the option to choose from multiple premiums based on your exact requirements and then
this is for dapps you can build robust dapps by using our blockchain agnostic protocol our inbuilt
oracle helps create an enhanced user experience by providing your users with information that matters
as you can see they're backed by some pretty big players woodstock au21 capital ngc ventures just
to name a few i like that odds financed has an experienced and public team i like that you
can click on individual team members linkedin and twitter and see what they're all about you can see
that all team members come from notable businesses and bring a wealth of experience and capabilities
and i guess just to sum up you know everything that odds is it's the next generation player
in the d phi derivatives space they are promoting a massive development approach in the derivatives
industry introducing attributes like customized options trades transparent premium discovery
mechanisms and budget-friendly trades is bound to attract enthusiastic traders to exercise flexible
and secure options trades and then platform users will be able to earn passive income through
liquidity mining pools and staking mechanisms driving increased participation on the trading
platform odds finance through its ongoing efforts is bridging the gap between traditional finance
models and integrating into the d5 space with the aim of capitalizing on the prevalent defy adoption
drive odds finance is set to dive into the depths of vigor and enthusiasm to revolutionize the
derivatives industry if you are a trader i highly encourage you to check these guys out i'm going
to leave a link to this in the description maybe you're not a trader and this video just helped you
learn something about what is actually out there in the space let me know in the comments i for one
am definitely keeping this project on my radar i like the fact it's multi-chain i like the fact
it is simple secure decentralized i like the fact that it's not just compatible with compatible with
binance smart chain and ethereum but also ethereum layer 2 polygon also ethereum interoperators slash
competitors like polka dot like avalanche like solana i think this is the future and the fact
that these guys are already gearing towards that uh it's a good thing so with that being said let
me know your thoughts in the comments below let me know if you're going to try this out
my name is aaron at altcoin daily subscribe to the channel for daily videos smash the like
button if you got value in today's video and with that being said i will see you tomorrow friends