Panoptic

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Frequently asked questions

What is Panoptic?

Panoptic is a perpetual, oracle-free options protocol built on the Ethereum blockchain. It allows users to mint, trade, and market-make perpetual put and call options without the need for intermediaries like banks, brokerage firms, clearinghouses, market makers, or centralized exchanges. The protocol utilizes Liquidity Provider (LP) positions in Uniswap v3 as a fundamental building block for trading long and short options. Panoptic is the first permissionless options protocol on the Ethereum blockchain and embraces the decentralized nature of Automated Market Makers and permissionless liquidity providing.

How does Panoptic ensure security?

Panoptic ensures security through various measures. Firstly, they have a trusted team of investors and partners backing them. They also employ state-of-the-art security measures, including conducting a 360° audit that sets new standards for platform security. This includes performing stringent audits on their blockchain smart contracts using cutting-edge tools, frameworks, and renowned security firms. They integrate modern technologies with industry-best practices to scrutinize and optimize these contracts. Additionally, Panoptic utilizes full-stack security and economic security to further enhance the security of their platform.

What are the main features of Panoptic?

The main features of Panoptic are:

1. Perpetual options: Panoptic allows for the minting, trading, and market-making of perpetual put and call options.

2. Oracle-free: Panoptic is built on the Ethereum blockchain and does not rely on external oracles for price data.

3. Decentralized: Users can interact with the Panoptic protocol without the need for intermediaries like banks, brokerage firms, clearinghouses, market makers, or centralized exchanges.

4. 24/7 availability: All smart contracts on the Panoptic protocol are available 24/7 for trading and other interactions.

5. Permissionless: Panoptic is the first permissionless options protocol on the Ethereum blockchain, leveraging Automated Market Makers and permissionless liquidity providing in Uniswap v3.

6. Full-stack security: Panoptic employs cutting-edge tools, frameworks, and renowned security firms to perform stringent audits on its blockchain smart contracts, ensuring state-of-the-art security.

7. Integration with Uniswap v3: Panoptic utilizes Liquidity Provider (LP) positions in Uniswap v3 as a fundamental building block for trading long and short options, instead of relying on a clearinghouse.

8. Easy access: Users can access Panoptic by connecting their wallet to the Panoptic App, which will be deployed on app.panoptic.xyz.

9. Wide asset coverage: Panoptic will launch on Ethereum mainnet and all EVM-compatible layer 2's where the Uniswap v3 smart contracts have been deployed, allowing for trading of various assets.

Overall, Panoptic aims to provide a decentralized and efficient options trading experience on the Ethereum blockchain, eliminating the need for intermediaries and offering perpetual options trading with high security standards.

When will Panoptic launch on the Ethereum Mainnet?

Panoptic will launch on the Ethereum mainnet and all EVM-compatible layer 2's where the Uniswap v3 smart contracts have been deployed.

How does Panoptic integrate with Uniswap v3?

Panoptic integrates with Uniswap v3 by leveraging its liquidity to enhance the user experience for options traders. Panoptic allows users to create options markets on any ERC20 token pair that exists on Uniswap v3. This integration enables Panoptic users to access new and improved features, such as perpetual options that never expire, permissionless deployment of options markets, and the ability for anyone to lend their capital as a liquidity provider to options traders. The pricing of options on Panoptic is path-dependent and does not involve counterparties like market makers. Panoptic will launch on Ethereum mainnet and all EVM-compatible layer 2's where the Uniswap v3 smart contracts have been deployed.

What are the benefits of using Panoptic for options trading?

The benefits of using Panoptic for options trading include:

1. Perpetual options: Panoptic options never expire and are perpetual, allowing traders to hold their positions for as long as they want.

2. Permissionless market creation: Anybody can deploy an options market on any ERC20 token pair in a permissionless manner, providing flexibility and accessibility for traders.

3. Liquidity provision: Panoptic enables anyone to lend their capital as a liquidity provider to options traders, enhancing liquidity and ensuring smooth trading experiences.

4. Path-dependent pricing: Pricing in Panoptic is path-dependent and does not involve counterparties like market makers, providing a transparent and efficient trading environment.

Overall, Panoptic leverages the liquidity in Uniswap to enhance the user experience for options traders by offering perpetual options, permissionless market creation, liquidity provision, and path-dependent pricing.