Lemniscate

Everlasting options for tokenized stocks.
On @robinhoodapp
Community -

[Lemniscate @UseLemniscate]

https://t.co/2tSzvDnHJy

[Lemniscate @UseLemniscate]

Calls and puts describe direction. Carry describes how the position changes while it stays open.

[Lemniscate @UseLemniscate]

A longer hold should be priced as a longer hold. A single entry number cannot explain the full cost.

Soon on @RobinhoodCrypto

[Lemniscate @UseLemniscate]

The product question is whether the changing balance is simple enough to compare before a trade.

[Lemniscate @UseLemniscate]

A useful quote needs to show the opening price and the next carry charge together.

Built on @RobinhoodApp

[Lemniscate @UseLemniscate]

https://t.co/i7Rj6EFEYr

[Lemniscate @UseLemniscate]

With no fixed expiry, time does not disappear from an option. Carry becomes part of the position every period.

[Lemniscate @UseLemniscate]

Lemniscate should make both parts readable before opening a position.

[Lemniscate @UseLemniscate]

A fixed expiry gives an option a calendar boundary.

[Lemniscate @UseLemniscate]

Calls and puts describe direction, while carry describes duration.

[Lemniscate @UseLemniscate]

@RobinhoodCrypto wallets, credit, custody, data, swaps.

still waiting for the tab called "why did my option expire when I was right?"

Lemniscate is building nonexpiring Up and Down options for Stock Tokens, with the daily USDG cost shown upfront.

[Lemniscate @UseLemniscate]

brb explaining options without Lemniscate:

"you were right on the stock. you were wrong on the calendar."

Lemniscate is building nonexpiring Up and Down options for Stock Tokens.
The daily holding cost is shown in USDG.

[Robinhood @RobinhoodApp]

brb explaining dividends to someone who did not ask

[Lemniscate @UseLemniscate]

An option quote should make the ongoing cost as legible as the entry price.

Lemniscate’s proposed model puts that cost at the center of the position.

[Lemniscate @UseLemniscate]

No expiry can sound like no pressure. The balance mechanism makes time matter in another way.

That is the detail a buyer needs to compare before choosing an option.