June has been very close to our hearts for a lot of reasons. We launched a new version of our staking program with better rewards and compounded yields. We completed the product development milestones we’ve been dedicatedly working on for the last few months. (You will soon hear about them.) We launched some exciting marketing campaigns, including Oddz Options League, which is now in its last week. Here is a quick look at all the recent updates.
V2 staking program
We introduced a V2 staking program with up to 100% APYs on ODDZ, oUSD and ODDZ/AVAX pools. The migration from the old (v1) program to the new (v2) promises higher rewards and better auto-compounded yields to stakers. The V1 staking program is no longer live.
Oddz Options League
Oddz Options League is going strong with amazing participation from the community. The 6-week contest is divided into six levels and has $55,050 ODDZ up for grabs. The goal is to improve the trading experience while also awarding weekly prizes. Every week, traders compete against one another, with each week unveiling a new reward pool and a new opportunity to win juicy rewards. The contest is live till 11 July. Traders will be eligible for receiving rewards based on the amount of premium spent on the platform.
660 options bought on Avalanche
As of today, 660+ Options are bought on our Avalanche Mainnet. We’re super thrilled about the organic growth of the product.
Oddz crossword challenge
We launched a fun Twitter challenge where users were asked to find all the Oddz features in a crossword puzzle. The top 5 lucky winners will win $30 ($ODDZ) each. Missed it?
See if you can get it right.
Surviving the bear market with Put Options
We explored how to take full advantage of this bear market by trading put options. The thread mainly discussed how Oddz enables put options and how going short during a market dip might benefit individuals.
Here’s the Thread
Oddz Options vs the bear market
Robust projects keep building and adding value, regardless of the volatile market conditions. However, it can be trying when you trust a project more than the market sentiments. How to hold on to your assets in a bear market without losing your mind? Many traders are using put options from Oddz as a tool to combat unfavorable market conditions. You can too. Find out how.
Check out Oddz Options.
Why Oddz chose $USDC over other stablecoins
We’ve been supporting USDC from the start to keep our users safe from depegging and other adverse events. The coin has stood by us and our users through thick and thin. We explain the reasons that went into our decision to choose USDC over other stablecoins in this article.
Long straddle with Oddz Options
A long straddle is one of the most straightforward market-neutral trading strategies. We published a quick guide on how you can make the most of it.
Demystifying options and hedging
Hedging is not as complex as the world will have you believe. It’s pretty simple if you get the basics right. In this article, we take you through the fundamentals of hedging and how it can step up your crypto investment strategy. Also, find out How Oddz Is Making Defi Options Easily Accessible To All.
Our roadmap is moving into an exciting phase, with a lot of new features and integrations underway. We are continuously working on improving the existing features of our products and bringing new use cases to the market. We will partner with key players in the market as part of networking and expanding the product functionalities. And, we are spicing up our marketing campaigns to share the excitement with our community and beyond.
Oddz is a trustless on-chain options trading platform that expedites the execution of call and put options contracts, conditional trades, and futures. It allows the creation, maintenance, execution, and settlement of trustless option contracts, conditional tokens agreements, and futures contracts in a fast, secure, and flexible manner.
It employs the synergies of Ethereum, Avalanche, Binance Smart Chain, Polkadot, and Polygon to unleash the potential of a decentralized options market. It focuses on building solutions that can propel the DeFi ecosystem by simplifying options trading and enhancing the user experience.