A New Era for Oddz: Transitioning from Options Trading to Perpetual Aggregator

4 min readApr 30, 2024

Oddz’s Evolution: From an Advanced Options Protocol to a Perpetual Aggregator

In the rapidly evolving landscape of decentralized finance (DeFi), adaptability and foresight are the keys to sustainability and growth. Oddz Finance, initially celebrated for its innovative approach to options trading, has embarked on a significant pivot. This transition from an options protocol to a cutting-edge perpetual (Perps) aggregator marks a strategic shift in response to market dynamics and community needs.

Herein lies the story of Oddz’s evolution, reflecting our dedication to serving our community and shaping the future of DeFi.

The Genesis: A Vision for Advanced Options Trading

Oddz’s journey began with a bold vision to democratize options trading in the blockchain space. We introduced an advanced options protocol, distinguished by its array of features designed to cater to both novices and experienced traders alike. Our platform was built on the Avalanche network, leveraging its minimal gas costs to offer a cost-efficient trading experience. Despite these advantages and our efforts to secure liquidity from diverse sources, including DAOs and VCs, the bear market presented formidable challenges.

The anticipated traction for our options trading protocol did not materialize as expected. While our platform demonstrated resilience and the capability to deliver a sophisticated trading experience, the external economic conditions and the inherent complexity of options trading in a bear market limited our growth. This period was a testament to our team’s dedication and the innovative spirit of our community, yet it also highlighted the need for strategic reevaluation.

The Pivot: Embracing Perpetual Aggregators

As we navigated through these challenges, it became evident that the DeFi landscape was undergoing a significant transformation. Perpetual contracts, or Perps, were rapidly gaining popularity, attracting liquidity and interest across chains and protocols. This shift isn’t merely a trend but a reflection of the market’s evolving preferences and the robust potential of Perps to offer both flexibility and high liquidity to traders.

Recognizing this shift, Oddz has made a decisive pivot towards becoming a Perps aggregator. This strategic move was not a departure from our core mission but an evolution. It represented an alignment with the current market dynamics and a response to the clear demand within our community and the broader DeFi ecosystem. By focusing on Perps aggregation, we aim to harness the growing liquidity in this space, offering our users a platform that not only meets their trading needs but also exceeds their expectations in terms of accessibility, efficiency, and security.

The Future: Building Towards a Perps Chain

Our commitment to innovation and serving our community’s needs continues to be the driving force behind our evolution. As we solidify our position as a Perps aggregator, our vision extends towards the end of this year and beyond. We are excited to announce our plans to work on a Perps chain, a pioneering step that promises to further revolutionize the trading experience within the DeFi space.

The development of a Perps chain is a reflection of our long-term commitment to providing cutting-edge solutions that address the ever-changing needs of the DeFi community. It embodies our belief in the power of blockchain technology to create a more inclusive, efficient, and transparent financial ecosystem. Through this initiative, we aim to leverage the lessons learned and the insights gained from our journey thus far, applying them to create a platform that not only leads in innovation but also in user satisfaction and impact.

A Journey of Adaptation and Innovation

The evolution of Oddz from an advanced options protocol to a Perp aggregator is a story of adaptation, resilience, and unwavering commitment to our community. It underscores our belief in the transformative potential of DeFi and our role in shaping its future. As we move forward, our focus remains on delivering value, fostering innovation, and building a more accessible and efficient financial ecosystem.

Our journey is far from over. It is a continuing saga of growth, learning, and adaptation. We invite our community and all stakeholders to join us in this exciting next chapter. Together, we will explore new horizons, tackle challenges, and seize opportunities, driven by our shared vision for a better, more inclusive DeFi landscape.

To our community, we extend our deepest gratitude for your support and faith in us. Your unwavering belief fuels our passion and determination. Here’s to the future — a future we build together, guided by innovation, driven by community, and inspired by the endless possibilities that blockchain technology offers.

About Oddz

Oddz perp aggregator provides a seamless experience for users to engage in perpetual futures trading, leveraging the unique features of GMX, Synthetics, and Aevo to create a dynamic and efficient trading environment. By combining the liquidity and deep markets of GMX, the innovative features of Synthetics, and the specifications of Aevo, this aggregator aims to revolutionize the perpetual landscape, offering users a comprehensive and advanced trading experience across various assets and markets.