An Introduction to delta.theta

delta.theta is a peer-to-peer option trading platform currently operating on both Binance Smart Chain and Ethereum. In simplest terms, it is a protocol that enables CEX liquidity on options to be available on-chain.

Options traders can maintain self-custody and avoid doing KYC, the true DeFi value, and tap into the first deeply liquid options market. This is possible because deltaTheta enables a decentralized network of real-time order book market makers to hedge DEX options against CEX order books.

DeFi farmers, on the other hand, get access to the lowest premium on price crash insurance. Premiums up to 90% lower than platforms like Hegic.

I. Problems Solved

A. Protection for DeFi Farmers

As DeFi TVL grows, the need for price insurance becomes greater. Such solutions are primarily offered in the form of options. However, on-chain solutions for options charge substantial premiums, are limited to Ethereum, and fail have sufficient liquidity. Delta.theta uses the highly liquid options markets across all major CEX (Binance, Deribit, and OKEx) and funnels that liquidity on-chain.

The lite version provides protection against price loss to farmers beyond Ethereum.

B. DeFi for Expert Traders

DeFi largely revolves around spot trading. Protocols like Aave and Compound provide simple margin options too. The average trade on most CEX, though, is over 20x leverage. Options can provide:
- extreme leverage
- hedging
- strategic trading

For now, any DeFi trader would have to opt for a CEX to properly participate in options.
Delta.theta resolves this problem with a rapid fulfillment terminal on BSC.

II. delta.theta (DLTA) — Sale Structure & Tokenomics

Seed round: 20% unlocked at the TGE, then 13% on a quarterly basis
Private round: 20% unlocked at the TGE, then 20% on a quarterly basis

Hardcap: $1,912,500
Valuation: $9,000,000

Learn More

Website: https://deltatheta.tech/
Twitter: https://twitter.com/deltatheta_tech
Telegram Chat: @deltatheta
Announcement channel: @DeltathetaNEWS