TI Rating Report：Oddz Finance
Oddz is an On-Chain option trading platform. Compared to its competitors listed on the last page, it allows integration with various DeFi Applications including Dafi and MahaDAO and it supports multi-chain trading. Oddz protocol consists of three types of participants:
1. Option buyer: To buy an option on Oddz Finance, you have to input relative information including option type, underlying asset, strike price and expiry. Buyers will be charged a protocol transaction fee and option premium.
2. Liquidity provider: Liquidity providers provide USD pegged stablecoin to the liquidity pool. In the Oddz option trading process, liquidity providers act as the role of option writer- When an option is bought, liquidity providers get rewards via the option premiums collected. When the option is exercised, there is a loss to the liquidity pool which is also earmarked to the liquidity provider. Through the above process, Oddz Finance employs a unique automated market-making (AMM) mechanism to drive liquidity to the platform.
3. Staking contributor: Users can stake their ODDZ tokens to get a portion of settlement fees as their reward, maximizing their returns.
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