AD Derivs: Insights from Crypto Option Traders

Live on the Ethereum, Polygon, and Arbitrum, Volmex provides traders with the opportunity to directly trade an implied volatility index for BTC and ETH.

Today we chat with Cole Konnelly, the founder of Volmex, about his background and journey into building the first on-chain tradable volatility index.

For more information Visit:
Website: https://volmex.finance/
Volmex Index Charts: https://charts.volmex.finance/
Docs: https://docs.volmex.finance/
Twitter: https://twitter.com/volmexfinance

Power Trade is a crypto options exchange. They provide a mobile experience for traders. Up and coming in the crypto vol. scene they just had a record month for volumes in Oct. 2022

Mario walks us through his background before starting Power Trade.
We then talk about Power Trade's exchange mechanics and how the crypto options market is evolving, including the potential for DeFi & CeFi cross markets.

Twitter:  @PowerTradeHQ  
Website: https://power.trade/about/

Rysk Finance is a new type of DOV "DeFi option Vault" that goes beyond simple strategies to enable delta hedged volatility exposure. 

We talk with Dan and Degeneral DeFi about their protocol as well as the careers before building Rysk. 

From more information visit:
https://www.rysk.finance/
Twitter: @ ryskfinance

If you're interested in joining the Rysk team, email [email protected]

GSR has nine years of deep crypto market expertise as a market maker, ecosystem partner, asset manager, and active, multi-stage investor. GSR sources and provides spot and non-linear liquidity in digital assets for token issuers, institutional investors, miners, and leading cryptocurrency exchanges.

Chris walks us through his journey as a young trader in college to a professional crypto vol. trader at GSR.

We talk about market strategies and the current crypto vol. environment.

For more information about GSR check :
Twitter: https://twitter.com/GSR_io
Website: https://www.gsr.io/
Chris Twitter: https://twitter.com/CryptoDeFiGuy

Hook is a new NFT-native options protocol. In their most basic form, call options represent the right (but not the obligation) to purchase a specific underlying asset at some time in the future. The Hook protocol implements a version of these call options concept applicable to NFTs, ultimately allowing option sellers to earn premiums by selling some potential upside from their asset and allows option buyers to purchase that upside.

Today we discuss Reggie and Jake's backgrounds before starting hook.xyz, current protocol design and recent success since recently launching on ETH mainnet.

For more information visit:
https://www.hook.xyz/

Opyn is a defi options protocol that went live on mainnet in Q1 2020. 
After building initial DeFi option primitives on Ethereum, Opyn later created the first DeFi power-perpetual known as "Squeeth". 

Joe Clark, a major contributor to "Squeeth", enlightens listeners on the mechanical details of "Squeeth" as well as underlying theoretical pricing. 

We also ask Joe about his trading background, important trading wisdom he's learned throughout his career and how he found his way into the crypto vol. space. 

For more information on Squeeth and Opyn visit: 
https://www.opyn.co/
https://medium.com/opyn

Pattern Research is a market-making firm across both CeFi and DeFi in the crypto option space. 
We talk about Akshai's and Reid's backgrounds, how they made the switch into crypto vol. and where they see the market now. 
Both Akshai and Reid have backgrounds trading for DRW in Chicago. 

Deribit is the world’s biggest crypto options exchange by volume, accounting for around 90% of the open interest for Bitcoin and Ethereum options

With its proprietary matching engine, Deribit is one of the most technically advanced crypto derivatives exchanges with co-location services in Equinix LD4 and sub-millisecond order RTTs.

Shaun Fernando has a trading background and is the Chief Risk Officer at Deribit. 
We talk about Shaun's previous work experience, his day-to-day at Deribit and take a detailed look at major events, such as the ETH 2.0 merge.

Krupa Sagar and Bhargav Kacharla are two of the co-founders of DeFi Options Protocol Oddz. 

We talk about the mechanics behind Oddz protocol, their individual backgrounds before co-founding Oddz and the future developments of Oddz protocol. 
We also touch on unique insights into the Indian derivatives markets. 

Hao Yang heads the options product division at CeFi exchange Bybit. 
We chat about Hao's background in trading and crypto before joining Bybit,
some of the innovation behind Bybit's options offering and finally future roadmaps for Bybit. 

For more information about Bybit and Bybit Options visit: https://www.bybit.com/