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NFT Options

NFT options protocol using IPFS and UMA long short pair library.

NFT Options

Created At

HackFS 2021

Project Description

NFT Call options are created by using modified UMA Long Short Pair Library. After Minting the user will get a Long NFT (Call Option) and a Short NFT (Covered Call after selling Option).

Users can sell the NFT using any NFT marketplace such as to collect premium.

After expiry users can settle and get the amount by depositing the corresponding NFT (option / covered call).

How it's Made

  1. Option are created using UMA modified long short pair library. User will get long and short nfts instead of erc20 tokens. 2) NFT data is stored in IPFS. 3) Settlement Price is calculated using average selling price of the underlying nft on secondary marketplaces(like Opensea). 4) Frontend is made using svelte.js.
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