Oddz Finance Introduces Customized Options Trading

In their efforts to enhance yield farming, leveraged trading, and liquidity mining on their design, Oddz finance now offers customized trading options via their platform.According to their Medium post, Oddz Finance now has customized options trading. This type of trading allows traders to efficiently trade their strategies and maximize their profits.

By
Ifeanyi Egede
on
April 24, 2021
Category:
BSC News

Oddz Finance Customized Options Trading

In their efforts to enhance yield farming, leveraged trading, and liquidity mining on their design, Oddz finance now offers customized trading options via their platform. The options platform has reliable data feed, zero gas fees, and a lower barrier to entry (that is, authorization or 3rd party approval are not required). Traders can achieve a high degree of personalization because they can tweak their automated options based on their input preference. 

Source

This type of trading makes Oddz finance unique among other Defi projects since almost all of them lack these features. Before Oddz's in-built oracle is complete, it will be accessing reliable data feeds through integration with chainlink's implied volatility data feeds. Traders must keep in mind that as of this writing, they can only trade in BTC and ETH options contracts. Oddz plans to add more tokens in the near future. The video below demonstrates how to use Oddz customized options.


What Exactly is Oddz Finance?

Oddz Finance is a decentralized, cross-chain, options trading platform that runs on the Binance Smart Chain, Polkadot, and Ethereum. It provides a simple approach for traders to perform derivatives trading. They can enter futures contracts, settle options contracts and create positions easily. This simplified approach has seen the platform form several strategic alliances and receive funding from experienced investors and entrepreneurs such as Aniket Jindal from Biconomy, Polygon, Etienne (TRGC), and Frontier. The platform unifies several stakeholders such as speculators, hedgers, and arbitrageurs. Oddz focuses on specific features in derivatives trading, especially accessing features like swap contracts, conditional market, call, and input options. 

Source

Oddz finance was recently launched on UniLend and about 175,000 Oddz have already been staked. Traders willing to trade the $ODDZ/$USDT pair can do so on Ascendex(formerly Bitmax) as well. Users that are not interested in leveraged trading can stake their holdings and earn some rewards.


Upcoming Projects

Before the end of the year, the Oddz team plan to introduce other features into the platform such as:

  • a release of perpetual and conditional markets
  • a release of the Oddz oracle. This will increase the protocol's value and make most other platforms seek them for integration
  • an integration with the Polkadot network

Oddz Finance Customized Options Trading is user-friendly and you can easily get a hang of it. There are virtually no demerits. Oddz finance is a welcome development in the options trading market with its user-friendly platform and low barrier-to-entry which allows traders to utilize leveraged trading in their portfolio.

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Ifeanyi Egede

Ifeanyi Egede is an experienced and versatile crypto writer and researcher on fintech, the blockchain and emerging technologies. He has several published works online and in the print media. He loves reading, research, traveling, meeting people and football. When he is not writing, he spends time with his lovely wife and kids

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