There is a ton of capital in crypto that just sits idle, because there are no yield opportunities for those coins.
With options we can offer that juicy yield on those assets to unlock that capital and get it into DeFi!
Which assets would you like to earn yield on?
How often was your thesis correct on perps, but you got stopped out before the market went in the direction you predicted?
Doesn't ever happen to options traders!
Get tokenized options on all the assets you love trading on Base, brought to you by Greek.
Excited to be a part of Batches to accelerate this.
And great to see how stacked this cohort is.
Expect many collaborations between the teams building here together. 👀
@base Excited to be part of this cohort. Such a great group of builders with so many opportunities to collaborate. Thank you for putting this together!
Back Again for Base Weekly Episode 14!
➥ We start our mini-series on Base Batches and we'll be welcoming one of the recently announced ten teams who will be participating for the 004 cohort.
➥ @GreekDotFi focus on generating yield from your tokenised options, along with a number of other interesting dynamics for options. We'll hear about their journey, their name, their tech, all on episode 14.
➥ We'll take a closer look at some of the other teams involved in Base Batches 004 and look more generally at the program for this cohort. Lots of solid teams missed out, there were 750+ applications. We'll review it all.
➥ As we always do, we'll take a look at the week that has been on @base. We'll also preview the week ahead as it's set to be another big week on Base.
↛. We go live at the below times. Set your reminders in the comments and I look forward to seeing you there;
Tuesday 10am Australia
Tuesday 7am Asia
Monday 11pm UTC
Monday 4pm Pacific Time
We're super excited to join Base Batches 004!
We're providing tokenized options for any asset allowing users to earn, hedge and leverage. And we're fired up to be building this on Base.
Perps and options can both give you leveraged exposure. But they make you take very different risks to get it.
Say you’re bullish on $BTC over the next six months. You could open a leveraged long perp and hold it until your thesis plays out.
The problem is that the market doesn’t care about your six-month thesis on the way there.
$BTC can drop 15% next week, liquidate your position, and then spend the next five months rallying exactly where you thought it would go. You were eventually right on direction, but your position didn’t survive long enough for that to matter.
That’s the liquidation problem with leverage.
Once your leveraged position crosses that liquidation level, there is no bouncing back. The trade is closed.
A long call has a different problem.
You pay the premium upfront, and that premium can lose a lot of value if BTC moves against you. But there is no liquidation price on the option itself.
$BTC can dump next week and your call still exists.
If you bought an option that expires six months from now, you still have those six months for the thesis to play out. As long as the option has not expired, a temporary move against you does not automatically close the position.
Of course, that protection isn’t free.
Options replace liquidation risk with time risk. If $BTC takes seven months to make the move and your option expires after six, being right eventually doesn’t help you either.
That’s probably the cleanest way to think about the difference:
- Perps: your thesis can be right eventually, but you need to survive the path
- Options: you can survive the path, but your thesis needs to play out before expiry
Both can express the same bullish view.
The real question is which risk you want to take to express it.