Introduction
Sharwa.Finance is a DeFi protocol for option and margin spot trading.
Over the last three months, our team has worked tirelessly to deliver the best trading experience. Based on feedback from our users, we've made improvements to our product to enhance option trading.
Let's explore the features that we've brought to our users with Sharwa v.1 👇
Pay in Any Token
🧑💻 User: “Why can't I see my balance on your website?”
👮♀️ Mod: “It's because you hold USDC, but we only accept USDC.e."
Remember messages like that?
Each option protocol requires a different token to open an option position. This creates headaches for traders because if an option protocol doesn't accept the user's held token, they must navigate to Uniswap or another DEX to manually swap tokens.
Manual token swaps introduce additional risks and degrade the user experience in two key ways:
❗️Financial Risk: During the token swap process, users might inadvertently click on a phishing site, potentially resulting in a loss of funds (even when you Google DeFiLlama’s site, you can click on a Google Ad that leads to a phishing site).
❗️Poor User Experience: Manual token swaps require additional transactions, necessitating extra spending on $ETH gas fees.
To enhance the user experience and ensure secure option trading, Sharwa has developed a unified module that can open multiple option positions in a single transaction and perform token swaps to make them compatible with any integrated option protocol.
You can pay for any option strategy available on Sharwa with ETH, WBTC, USDT, USDC.e, USDC, and DAI.
Zero Switching Costs
Sharwa.Finance displays active option positions purchased from multiple option protocols, regardless of the interface used for the purchase.
Whether you've previously traded on Hegic and want to try Sharwa, or you've used another option protocol, all your Calls and Puts will be readily accessible. This feature is designed to work with any future integrated option protocols.
We eliminate any switching costs to make it easy to onboard existing option traders from other trading interfaces.
Deep Analytics
We understand that analytics play an essential role in any trading product. Traders rely on analytics to make decisions about whether to open or close a position.
As previously mentioned, Sharwa displays all options purchased by a user from any interface. To enhance trading convenience, we calculate critical data for the user, including:
-
Total premiums
-
Total collateral locked in positions
-
Total Net P&L
-
Total Delta, Vega, Gamma, Theta & Rho
This information enables you to access crucial data for your active position at any given moment, eliminating the need for manual calculations or the use of Google Sheets.
In the future, we'll continue to add more analytics and data to enhance the trading experience.
Universal Router
To facilitate one-click trading using liquidity from multiple option protocols with auto-swap functionality, we've designed a unique architecture that enables us to integrate new markets without the need for contract redeployment.
We've created a universal router that empowers anyone to open an option position using our contract. Developers no longer need to pore over documentation for each option protocol to launch automated option strategies. Our universal contract handles all business logic.
In the future, we will release an SDK that will enable users to retrieve active positions, access historical positions, and facilitate the opening and closing of positions using standardized methods.
No more HEXs or BigNumbers, no need to think about "in what format I must pass arguments to open a position" or "how much funds it will take to open a position on protocol X" — Sharwa will provide advanced traders with essential SDKs to build automated trading bots.
Conclusion
Soon, we'll be expanding to offer more option markets and products, but that's just the beginning. Our ultimate goal is to seamlessly integrate margin spot trading with options, providing users with the power to trade on Uniswap with up to 10x leverage while using option positions as collateral.
Together, we're shaping the future of decentralized finance, making trading more accessible, and efficient for everyone.
Sharwa.Finance is a DeFi protocol for option and margin spot trading.
Twitter: https://twitter.com/SharwaFinance
Website: https://sharwa.finance/
Questions? Join our Discord and send us a message!
