Introducing OptSwap: Revolutionizing DeFi with a Cutting-Edge Cryptocurrency Options Trading Platform

Tortola, British Virgin Islands, Nov. 05, 2024 (GLOBE NEWSWIRE) — OptSwap, a platform for decentralized cryptocurrency options trading, has officially launched, boasting an innovative approach to the trade of crypto options. Aiming to provide a non-custodial, transparent, and fully decentralized experience, OptSwap seeks to confer an edge to the crypto options arena by resolving issues associated with centralized exchanges and the traditional finance sector.

OptSwap proudly announces the commencement of its Quest, a unique event inviting users to experience the platform, engage with others, and win remarkable prizes!

The Inspiration Behind OptSwap

OptSwap is the creation of two dedicated blockchain aficionados and skilled tech experts: Akshay Patel, who manages development, and Dhwanit Patel, steering user interface. Their extensive software development skills and a strong background in options trading have significantly contributed to the foundation of OptSwap.

Akshay Patel, with a decade and a half of developing Web 2.0 applications, plunged into DeFi and Web3 in late 2020. His frustration with the inadequacies of existing protocols for crypto options, paired with his experience in options and spreads trading since 2013, compelled him to construct a decentralized version attuned to traders’ demands for utmost transparency and security.

Dhwanit Patel contributes over 20 years of coding skills, encompassing embedded systems and interactive Web3 designs. His foray into cryptocurrencies during the DeFi 2.0 emergence was spurred by an ambition to revolutionize the fintech and options markets. As a self-declared eternal optimist, Dhwanit leveraged options in generating income and as a hedge, and is now integrating that knowledge into OptSwap to ensure a user-friendly trading interface.

OptSwap: An Innovative Destination for Crypto Options

With the moniker “Uniswap for Options,” OptSwap stands as a DEX and AMM tailored specifically for cryptocurrency options trading. It accommodates both European and American options, coupled with multi-legged spread strategies, via a transparent on-chain ledger and P2P exchange.

Main features encompass:

– Decentralized Ledger & AMM: OptSwap seamlessly merges a decentralized ledger with an innovative AMM for options to facilitate risk management.

– T+0 Settlements: Users benefit from immediate exercise or cash settlement post-expiry, thereby eradicating the typical wait of traditional finance.

– Zero Counterparty Risk: Fully collateralized options eliminate the need for liquidations, reassuring traders.

– Self-Governed DAO: The platform is ruled by a DAO, embodying community ownership and governance.

OptSwap champions direct trading and full transparency, differing from CEXs which might not be as publicly verifiable as OptSwap’s smart contract framework.

Tackling Traditional Finance Shortcomings

By targeting crypto traders, classic options enthusiasts, and professional market makers, OptSwap is setting out to bridge a crucial industry gap. Differentiating itself from the confinements of F&O and traditional trade, OptSwap grants:

Unrestricted, Non-Custodial Access: A global user base is welcome to trade crypto options sans intermediaries.

Authentic DeFi: The on-chain nature of OptSwap promotes full algorithm transparency, encouraging trust in the platform’s integrity.

Prospective Pathway

As the OptSwap journey progresses towards the mainnet debut, the team prioritizes boosting their user community through incentivized testnet strategies and brand cultivation. Over the next few months, user input will shape platform refinement. Following that, OptSwap will raise initial funding, certify their smart contracts, and initiate the mainnet token launch. The overarching aim is crafting an engaged, self-sustaining community central to platform governance and expansion.

Engage in the OptSwap Quest for Exclusive Airdrops

OptSwap beckons users to dive into the OptSwap Quest, offering an entertaining approach to acquainting with the platform. A series of tasks on the testnet unlocks the potential to reap rewards and subsequently qualify for airdrop enticements concurrent with the token’s mainnet launch.

To embark on the venture, visit OptSwap Quest and commence your mastery of crypto options trading.

What Awaits?

OptSwap’s ultimate intention is the establishment of a decentralized crypto options trading platform characterized by user empowerment and confidence. By side-stepping the pitfalls innate to CEXs, OptSwap introduces a portal marked by clarity, security, and community-oriented direction for traders and market facilitators.

If engaging with a pioneering crypto options trading platform sparks your interest, seize the opportunity to join OptSwap Quest and be at the forefront of the decentralized finance revolution. Pay a visit to OptSwap Quest and harvest the gains as you traverse through the domain of crypto options trading!

About OptSwap

OptSwap operates as a DEX catering to the on-chain trade of cryptocurrency options. With an AMM and a meta-oracle at its core, our charter is to foster the advancement of an elite DeFi options exchange, transparent to the world. Driven by a DAO, OptSwap champions decentralized trading in a non-custodial environment for its clientele.

Twitter: https://twitter.com/OptSwap

Website: https://optswap.org/

Disclaimer: The presented press release information is not an investment solicitation or recommendation. Due diligence is recommended, including engaging a professional financial advisor, prior to any cryptocurrency or securities dealings or investments.

CONTACT: Akshay Patel

Founder

OptSwap

gm(at)optswap.org