/biz/ - Business & Finance

>>52637328
>Mate who is doing options for crypto coins?
Enough people to generate 40% APR in trading fees and it is bound to only go up with the v3 protocol upgrade scheduled for Q1 2023.

>People can barely leverage trade and you expect the decentralized options market to be the "next narrative" that takes off?
People have been leverage trading since 2018, and options trading on Deribit became big in 2019/2020 and every large CEX is looking to expand into options because in case you didn't know the market for options is fucking huge in tradfi and the latent demand for them in crypto is there.

>the perp narrative is hot and still hot
GNS APR is down to 3%, doesn't even beat inflation. GMX is a little better at 9%. Both are fairly valued, the narrative is priced in, it's too late for significant multiples. Likewise I will keep an eye on VELA to see it if delivers on being more than just a fork of existing established protocols. The advantage of options and Premia in particular is that their AMM options model is the first of its kind, there is nothing like it. There isn't an established competitor that it needs to prove itself against and siphon users from.

This is what passive income looks like. I'm so comfy.