Introducing Manual Option Listings

Wasabi Protocol is revolutionizing the world of non-fungible tokens (NFTs) by enabling liquidity providers (LPs) and traders to buy and sell options on ERC-721 contracts. As the platform continues to evolve and innovate, Wasabi Protocol is excited to announce the introduction of manual option listings for LPs. This new feature adds additional capabilities along with the oracle-based pricing solution and allows users to list options individually, offering greater control and customization.

In this blog post, we'll highlight three key advantages of manual option listings: control over risk exposure, option prices and durations, the ability to set custom pricing for grail NFTs and rare assets, and the capacity to use these manual listings as "limit orders" to buy or sell assets using call or put options.

Control Over Risk Exposure, Option Prices, and Durations

Manual option listings empower LPs by giving them increased control over their risk exposure, option prices, and durations. In addition to using a price oracle that dynamically creates a virtual order book with numerous listings across different prices and expiries, LPs can now set their static parameters. This heightened level of control allows LPs to tailor their offerings to better align with their risk tolerance, investment strategy, and market outlook.

Custom Pricing for Grail NFTs and Rare Assets

Grail NFTs and rare assets often possess unique characteristics that set them apart from the rest of the market. These distinct attributes can make it necessary to establish an accurate and fair market value using manual pricing models. With manual option listings, LPs can now set custom prices for these coveted assets, ensuring that their options contracts reflect the true value and rarity of the underlying NFTs.

Utilizing Manual Listings as "Limit Orders" for Buying or Selling Assets

Another advantage of manual option listings is the ability to use them as "limit orders" when buying or selling assets. By listing call or put options at a specific price, LPs effectively create a limit order that triggers when the underlying asset's price reaches the desired level. This feature allows LPs to capitalize on market fluctuations and execute trades at their preferred price points, thus enhancing their overall trading strategy.

Conclusion

The introduction of manual option listings on Wasabi Protocol marks a significant milestone in the platform's ongoing development. This new feature provides LPs with greater control, flexibility, and customization, allowing them to fine-tune their options contracts and effectively manage their risk exposure. By enabling custom pricing for grail NFTs and rare assets and facilitating the use of manual listings as "limit orders," Wasabi Protocol continues to break new ground in the rapidly evolving NFT options market.