Opportunity
Open app
Interactive white paper

Opportunity Options
Market Protocol V1

Networks in the design
Robinhood ChainArbitrum
See how it works

Option primitive

  1. 01

    Fund the option

    IssuerNVDAUnderlyingERC-20Escrow
  2. 02

    Transfer the exercise right

    HoldertransfersERC-721 righttoNext holder
  3. 03

    Transfer the issuer position

    Current issuerObligation + issuer rightsNext issuer

    Escrow remains funded.

  4. 04

    Exercise before expiry

    HolderUSDGPaymentERC-20Current issuer
    EscrowNVDAUnderlyingERC-20Holder
ERC-721 ↗ERC-20 ↗ERC-1167 ↗Collection code ↗Escrow code ↗

Order book

  1. 01

    Make an offer

    Seller or buyerEIP-712 ask or bidSigned order
  2. 02

    Find and submit an order

    Signed orderdisplayOff-chain booksubmitSettlement
  3. 03

    Settle the premium

    SellerERC-721 rightBuyer
    BuyerERC-20 premiumSeller

    Issuer and escrow stay with the option. A future protocol fee policy is still a proposal.

EIP-712 signed orders ↗ERC-721 right ↗ERC-20 premium ↗

Vaults

  1. 01

    Pool liquidity

    Liquidity providerERC-20 depositVault
    VaultVault sharesLiquidity provider
  2. 02

    Set the strategy

    Curator / operatorStrategy and quote parametersVault

    The vault retains custody of pooled assets.

  3. 03

    Fund options and offer rights

    Vault · issuerERC-20 collateralOption escrow
    Vault · sellerSigned option askOrder book
  4. 04

    Trade and return proceeds

    On-chain settlementERC-721 rightOption buyer
    Option buyerERC-20 premiumVault · seller

    The off-chain book displays the ask; on-chain settlement transfers the right and premium.

  5. 05

    Exit when obligations settle

    VaultClaimable exit proceedsLiquidity provider

    A withdrawal request reserves an exit receipt. Assigned options settle before its proceeds can be claimed.

This page explains the design. Read the exact terms in the options-v1 specification .