ARB
by BSCN
March 11, 2023
Rysk Finance is unveiling Rysk Beyond to bring an on-chain pricing mechanism, AMM capabilities, multi-collateral partial collateralization, and one-click options strategies to the options market on Arbitrum.
Arbitrum-based Rysk Finance reveals the Rysk Beyond platform to enhance option trading and liquidity within the platform.
The Rysk Beyond testnet will go live this month, followed by the mainnet launch. Last October, Rysk launched its Alpha with a proof-of-concept on-chain vault called Dynamic Hedging Vault (DHV). The vault traded options and hedged them to generate uncorrelated returns to depositors.
However, Rysk Beyond added some additional features to the current Rysk platform with Rysk Beyond.
The Rysk Beyond platform uses an on-chain price mechanism to price selected expiries (even those with longer tenors) and strikes.
Furthermore, Rysk Beyond offers multi-collateral partial collateralization that allows option writers to choose the collateral to use, starting with stable assets (USDC) and ETH, followed by yield-bearing tokens. In this manner, option sellers can mint naked options and covered calls and puts according to their risk appetite.
Moreover, the protocol with this new version allows for the addition of new integrations, such as GMX Perps and Uniswap Range Order, as well as existing systems, such as Rage Trade and Uniswap swap trades, to increase hedging efficiency.
Through GMX, the DHV can trade perps on a highly liquid market without experiencing slippage. In addition, with Uniswap Range Orders, DHVs can place spot-limit orders with a variable execution date and a fixed price for hedges.
Finally, the Rysk Beyond platform allows anyone to trade combinations of vanilla options atomically with just one click. On-chain options are made more efficient through one-click strategy construction, which reduces execution risks and increases capital efficiency.
Rysk Finance raised $1.4 million in Pre-Seed funding led by Lemniscap on February 6, 2023. Rysk plans to use the funds to improve platform security, accelerate engineering and research efforts, and launch Rysk Beyond.
Rysk Finance is a DeFi options protocol that generates uncorrelated returns for its liquidity providers while enabling anyone to trade on-chain options. According to the protocol, Rysk users can access high yields while remaining completely transparent about the risks they are taking.
Learn more about Rysk Finance:
Website | Twitter | Discord | Medium
Follow us on Twitter and Instagram to keep up with all the latest news for BNB Chain and crypto.
If you need tools and strategies regarding safety and crypto education, be sure to check out the Tutorials, cryptonomics explainers, and Trading Tool Kits from BSC News.
Want the latest DeFi secrets delivered directly to your inbox every week from a leading industry expert? Instantly learn about strategies that could have you earning APYs of up to 69,000% with DeFi Maximizer. Sign up today and enjoy a 25% discount off of your first month!
Looking for a job in crypto? Check out the CryptoJobsNow listings!
Latest News
3h : 25m ago
Mubarak: The Middle-Eastern Meme Conquering BNB
3h : 54m ago
What is PAWS? Unpacking the Viral Social Experiment
5h : 58m ago
Pi Network’s $PI Coin Dips: Understanding PiCoreTeam’s Goals Amid Panic
8h : 49m ago
How Floki Trading Bot Works
8h : 58m ago
Blum Reveals TGE Requirements and Q2-Q3 2025 Roadmap
10h : 49m ago
Indian Firm Jetking to Raise Funds for Bitcoin Investment
12h : 4m ago
Who are the First Recipients of BNB Chain’s $100M Liquidity Support?
April 2, 2025
Oasis Network and the ROSE Token: Understanding the Privacy-First Blockchain