DeFi Option Protocols: A Gold Mine Waiting to be Discovered.

Mega-narrative waiting to be discovered. Learn about protocols, their main features, tokenomics and more.

A popular joke in the Crypto Twitter community is that there are more DeFi option protocols than actual users.

This joke is mostly accurate. The available data from three projects reveals that Opyn had 17k cumulative users over a 2-year period, while Lyra had 5,7k since November 2021.

In contrast, GMX has amassed 134k users since August 2021.

But the retail wave will come. And when they do, I want to be well-positioned.

There are many protocols built and waiting to be discovered. Which one will attract the most users?

In this post, I'll examine various DeFi option protocols currently available, including their tokenonomics, how they operate, and their key features.

So, options, you say?

In 2021, Robinhood generated $363 million in revenue from fees alone, with 45% ($163 million) coming from options trading. This demonstrates the huge demand for options trading among retail investors.

DeFi options may seem complicated at first, but they allow traders to do what th…