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What is DBOE?
DBOE: DeFi Board Options Exchange
DBOE is a non-custodial Options DEX, powered by its innovative on-chain CLOB.
DBOE was founded in 2022 with the goal of solving the complex over-collateralization issue in the DeFi space. By using a unique bull and bear spread product design, DBOE is able to keep collateral requirements at a reasonable level, providing up to 5x capital efficiency for options sellers while limiting potential losses.
DBOE is a non-custodial exchange, which means that users retain full control of their assets at all times. This eliminates the risk of counterparty default, as users are not required to deposit their assets with a third party. DBOE also uses a central limit order book (CLOB) to provide deep liquidity and efficient pricing.
DBOE is a significant innovation in the DeFi space. It offers a secure and capital-efficient way to trade options on DeFi assets, which could help to drive wider adoption of DeFi.
DBOE - The leading DEX in Options Market
DBOE will initially offer options on blue chip tokens such as Bitcoin (BTC) and Ethereum (ETH), two of the most popular cryptocurrencies in the world. In the future, DBOE plans to expand its product offerings to include options on other major cryptocurrencies, as well as altcoins and DeFi tokens.
DBOE Exchange offers European options contracts with four distinct positions available for traders:
- Long call: Gives the buyer the right, but not the obligation, to buy the underlying asset at a specified price on or before a specified date.
- Long put: Gives the buyer the right, but not the obligation, to sell the underlying asset at a specified price on or before a specified date.
- Short call: Obligates the seller to sell the underlying asset at a specified price on or before a specified date.
- Short put: Obligates the seller to buy the underlying asset at a specified price on or before a specified date.
By offering these four positions, DBOE Exchange provides traders with the flexibility to hedge against market volatility, speculate on price movements, and execute other sophisticated trading strategies.
Bull and Bear Spread is a trading strategy that can be used in options trading to limit potential losses while still allowing for potential gains. The Bull Spread is used when a trader expects the price of the underlying asset to increase, while the Bear Spread is used when a trader expects the price to decrease.
On DBOE, traders can use Bull and Bear Spread with a strike price and target price to optimise their trading strategies. By setting these parameters, traders can control their potential losses and gains.
DBOE Bull and Bear Spread in DBOE Option Chain
KYT (Know Your Transaction) is an anti-money laundering solution applied at DBOE. Unlike KYC (Know Your Customer), KYT doesn't require personal information from users. It monitors transactions through a large data warehouse to identify suspicious activity and ensure compliance with AML and TF regulations. DBOE chose to use KYT from Chainalysis, a leading blockchain analytics provider to maintain the decentralised nature of their exchange and ensure user safety and credibility. In addition, the use of smart contracts ensures secure transactions without the need for third-party involvement. By implementing KYT standards, DBOE sets itself apart as a trustworthy and reliable decentralised options trading platform.
DBOE offers a mobile app for both Android and iOS users, allowing traders to access the platform from their smartphones and tablets. The mobile app provides users with all the features and functionality of the desktop version, including real-time market data, trading, and portfolio management. With the mobile app, traders can stay up-to-date with the latest market trends, monitor their positions, and execute trades on the go. The app is designed to provide a seamless and intuitive trading experience for both novice and experienced traders.
To expedite access, simply scan the QR code below, compatible with both Android and iOS devices.
Scan QR Code to download the DBOE app.
Last modified 2mo ago