New Trading UI and Smart Pool for Opyn.
Our goal of the month is to bootstrap ETH option trading on opyn. We've built 2 UI frontends for trading, and also a new AMM. This is a balancer smart pool which decreases impermanent loss for liquidity providers (LPs). The first UI is built with existing Uniswap exchanges, (Link: https://opynmonitor.xyz/#/trade/uniswap/), where we provided a greeks board with some other stats that help traders make better decisions. The second UI is a OTC trading interface using 0x. (Link: https://noraliucode.github.io/opyn-taco/), where users with larger orders can submit an order and enjoy zero slippage when someone take their orders. We also built a balancer smart pool AMM, which ensures the price is updated based on current ETH price and timestamp before every trade and adjusts the weight to decrease impermanent loss. When the option expires, the weight of oTokens in the pool becomes 0 and users won't be able to drain the pool with worthless tokens. The smart pool is live on Kovan testnet: https://opynmonitor.xyz/#/balancer
How it's made