Crypto Options Trading live on Frontier with Oddz Finance
tl;dr: Frontier Wallet integrates ‘Easy Options’ from Oddz Finance, a multichain crypto options trading protocol that offers users an easy and intuitive way to make Put/Call options to maximize profit opportunities while protecting capital exposure.
We are thrilled to announce our partnership with Oddz Finance, a multichain derivative trading protocol to offer you crypto options trading in DeFi. Frontier’s accelerating global user base can now enjoy the quick, seamless, and hassle-free experience of funding and trading crypto options using their Frontier Wallet powered by Oddz finance’s Easy Options product.
Decentralized Finance (DeFi) has progressively emerged as a substitute for traditional finance products, paving the way for its growing users to access similar financial products but with the power of decentralized systems and heightened security. To further accelerate the potential of DeFi, Frontier Wallet and Oddz finance are partnering to offer crypto options trading to further enhance how anyone can grow their crypto portfolio with even more trading choices. With Frontier Wallet, you can start trading options with AVAX, ETH, BTC, and AAVE on the Avalance chain, seamlessly on the Android and iOS app.
The need for a more efficient trading methodology
The global evolution in blockchain and crypto has led to an elevated number of participants in the crypto trading ecosystem, especially in DeFi. Investing in crypto, at times, can feel like climbing cliffs without a guide; here things get even more complicated when considering the usually more complex options trading investments. Here, Frontier Wallet’s integration with Oddz simplifies multichain option trades and facilitates the creation, maintenance, and settling of options contracts, conditional tokens, and further contracts safely and securely. This will enhance a level of trust with a transparent interface through which you will be able to clearly understand the extent of capital exposure, and the potential gains from each trade. Overall, this ensures a secure, seamless, and efficient understanding of crypto options trading transactions so you can invest with ease and confidence.
An introduction to Crypto Options trading
Crypto Options trading is a kind of derivative that is used to buy or sell underlying assets at a predetermined date and price. Derivatives are financial instruments that obtain their value from underlying assets and their primary utilities constitute:
Crypto Options trading allows you to choose from two types of options:
- A Call Option — This can be defined as the right to buy an underlying asset
- A Put Option — This can be defined as the right to sell the underlying asset
To reiterate what exactly holds the definition for call and put options, a call option contract allows the owner, the right to buy an underlying asset at a fixed price on a specified date irrespective of the current market price. It should be noted however that it is not an obligation for the owner to buy. Put options contracts give holders the right to sell an underlying asset at a fixed price on a certain specified date irrespective of the market price. However, it also is not obligatory.
Introducing a hassle-free trading
Oddz is the world’s first on-chain crypto options trading platform developed on the Avalance, BNB Chain, Polkadot, and Ethereum blockchains with an in-built oracle solution. Oddz Finance is a trustless on-chain options trading platform that expedites the execution of call and put options contracts. Its offering ‘Easy Options’ which has been integrated into Frontier Wallet, is built around the goal of allowing easy and capital-efficient trading options. Easy Options seamlessly integrate with Frontier Wallet’s existing DeFi offering and will continue to evolve over time. By offering even more features in the future, including its multichain trade functionality, which at the time of launch, supports the Avalance network, Frontier will continue to allow anyone to seamlessly facilitate advanced financial instruments like trading crypto options while still retaining full control of their financial assets.
The highlighted features of Oddz ‘Easy Options’ in Frontier Wallet include:
- Instant trades
- Interoperable Option Trades
- Transparent premium discovery mechanisms
- Customized option trading techniques
Oddz Finance integration with Frontier Wallet will offer existing Oddz users a simple and intuitive mobile interface to use their preferred product while also opening the doors for Frontier Wallet’s users to experience this all-new DeFi integration with advanced trading capabilities.
Easy Options on Frontier
Frontier wallet’s Integration with Oddz finance has opened doors for an all-new and comprehensive trading experience. This new experience will offer features that both advanced and entry-level crypto users will enjoy, thanks to its secure and simplified access to crypto options trading, including:
- Seamless experience with Call and Put option contracts
- Easy positions tracking
- Simplified multi-chain trades
- Zero gas fees
- High-degree of customization
- Fraction trades
- Intuitive interface
- In-built oracle
- High-end secured transactions
- Interoperability as there’s a role of Binance smart chain
- Lower transaction costs
- Transaction speed
- Economic scalability
- Fueling blockchain innovation
Ravindra Kumar, Founder & CEO at Frontier, commenting on the integration, added,
"Integration of the Oddz Finance's ‘Easy Options’ feature within the app is another step towards building Frontier Wallet into becoming the gold-standard for DeFi Wallets. We have a strong and vibrant technology team that enjoyed integrating every step of integrating this feature into the app with the fantastic Oddz team. I am looking forward to seeing the Frontier product team work with Shreedhar and his team to build out even more features in the coming weeks. This has been a great start, but there is more to come."
Shreedhar Shreenivasa, Co-Founder & CTO at Oddz Finance, also celebrated the integration with a statement.
“Easy Options is a flagship product from Oddz and we’ve ensured it will offer all Frontier users an experience like never before. Our team will continue to support the team to add even more multichain support and in the future, we will do a lot more with Ravindra, Vetri and the larger Frontier team. We also have some exciting developments at Oddz, including the launch of the Oddz chain, a standalone blockchain based on Cosmos SDK and Tendermint consensus. It will allow even more multichain derivative market trading and more.”
Frontier is a multi-chain, non-custodial DeFi wallet where you can buy, store, transact, swap, and invest in tokens and NFTs. Available on iOS and Android, you can easily earn passive income on your crypto by staking or supplying assets in DeFi apps. The Frontier Wallet app offers a secure mobile interface that lets users easily access a range of DeFi features with direct connectivity with dApps across chains.
Using Frontier, users can also track wallets, collect & manage NFTs and get push notifications on any transactions. Adding more chains and simplifying access to Web3, Frontier Wallet aims to make DeFi more accessible for the next billion users.
Oddz is a trustless on-chain crypto options trading platform that expedites the execution of call and put options contracts, conditional trades, and futures. It allows the creation, maintenance, execution, and settlement of trustless option contracts, conditional tokens agreements, and futures contracts in a fast, secure, and flexible manner.