Zomma Protocol Overview
- What is Zomma Protocol?
Zomma Protocol is a decentralized finance platform designed to bring options trading to a wider audience within the zkSync blockchain environment. Zomma allows users to trade European-style options. These options contracts grant the buyer the right, but not the obligation, to buy or sell an asset at a specific price (strike price) by a specific date (expiry date). Unlike American options, European options can only be exercised on their expiry date.
- Main Features
- Maximum capital efficiencyMultiple liquidity poolsUser-friendly interfaceFocus on Options TradingLoyalty program for users
- Blockchains
- ZkSync Era
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Frequently asked questions
European options can only be exercised on their expiry date, unlike American options that can be exercised any time before expiry. European options are used in various financial markets for hedging or speculative purposes, allowing holders to bet on the future price of an underlying asset without necessarily owning it. Zomma Protocol currently focuses on European options trading.
Connect your wallet to the platform, select the options you're interested in, and follow the on-screen instructions to execute trades. The wallets currently supported are Metamask and OKX Wallet.
Zomma Protocol supports staking on pools, under their Pool tab. They already have a TVL of more than 1 million USD with an all-time APY as high as 40%.
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