HomeCoinsIndex Cooperative (INDEX)DPI Options Now Available on Premia Finance | by Artem Gramma |...

DPI Options Now Available on Premia Finance | by Artem Gramma | The Index Coop | Feb, 2021

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Artem Gramma

TL;DR:

  • DPI Options Are Now Available — You can now trade DPI calls and puts on Premia Finance
  • Use Cases — Options can be used as insurance, to manage portfolio risk, or generate extra income via premiums.

Today, we’re excited to announce that DPI options are now available on Premia Finance.

At the Index Coop, we’re continuously thinking of ways to improve our products for our end users, which is why we’re excited about Premia Finance’s DPI integration on their options platform.

DPI options on Premia Finance

You can mint and trade call and put options for DPI by going to Premia’s ‘mint’ page and selecting DPI as your selected token. Writing calls against DPI allows investors to generate income, while puts can be used to manage downside risk.

Technical Details

Premia has taken a new approach to on-chain options, utilizing the ERC-1155 token standard, instead of ERC-20 or ERC-721. With ERC-1155, a variety of unique options can be minted from the same contract while allowing each option to be customized.

Looking Forward

At Index Coop, our mission is to make crypto investing simple.e. We are excited about abstracting away the complexities of derivatives and democratizing access to options strategies.

In time, complex strategies can be structured in order to allow investors to express their views on things like DPI volatility through options. We look forward to exploring this white space with the team at Premia Finance.

For more information and to get involved, please visit our:

Discord | Twitter | Website

About Index Coop

Index Coop is a collective aimed at creating and maintaining the best crypto indices on the market. As the first flagship product, the Coop has created the DeFi Pulse Index that provides broad DeFi exposure for its users by holding one token.

About Premia Finance

Premia Finance is a decentralized financial instrument protocol that looks to change the landscape with new & innovative takes to traditional finance products. Currently supporting covered call and put options for various native Ethereum tokens.





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