Oddz Finance: Newsletter — October Edition
GM!
Another exciting month comes to an end in the crypto market. While an autumn bull run seems unlikely at this point, the waning volatility is a welcome sign for people who believe in the technology that underpins the market. Innovation is the only sustainable path forward for Web3. At Oddz, we’re relentless in our pursuit to turn crypto profitable for all using DeFi derivatives.
Our key focus this month was on building awareness around the importance of options trading. We launched Oddz Options Trading Challenge early in October as part of realizing this goal. The contest is open to all Oddz Option Traders, who stand a chance to win from a reward pool of 25,000 $ODDZ tokens every week.
The 12-week contest will run till December 27, 2022, and feature a total prize pool of 300,000 $ODDZ tokens! The top seven traders will be chosen every week for rewards and will share the reward pool. The rewards, however, will be distributed over a six-week (vesting) period.
To learn more about the Oddz Options Trading Challenge, visit: https://bit.ly/3BYdR1S
Check out these insightful posts and articles to hone your options trading strategy:
- How Implied Volatility (IV) can improve your odds of success when trading options
- Understanding strap options
- The basics of high Probability of Profit (POP)
- Trade smarter with a clear exit strategy
About Oddz
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.
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