Zomma Protocol Launches Loss Coverage Voucher for 0DTE Options Trading

🎟️ Free Money If You Lose?

By Zomma Protocol
Dec 5, 2024, 5:39 PM
twitter

Zomma Protocol introduces a Loss Coverage Voucher program for BTC and ETH 0DTE options trading.​ Key features include:

  • One-time voucher redemption per account
  • Must be used within 24 hours of claiming
  • Maximum compensation of 100,000 ZY tokens ($100)
  • Position must remain unchanged until settlement

The platform offers both call and put options with same-day expiry, allowing traders to leverage price movements with managed risk.​ A demo trade showed a profit of $33.​74 from a BTC call option.​

Trading steps include: 1.​ Market & expiry selection 2.​ Parameter setting (strike price, quantity) 3.​ Position monitoring 4.​ Settlement & profit checking

Sources
Medium
Medium
https://medium.com/@ZommaProtocol/zommas-loss-coverage-carnival-keep-your-wins-zomma-covers-your-losses-3d1595be263c?source=rss-fd3c56d2edee------2
Read more about Zomma Protocol

Zomma Protocol Launches Loss Coverage Voucher for Options Trading

Zomma Protocol Launches Loss Coverage Voucher for Options Trading

Zomma Protocol introduces a Loss Coverage Voucher for BTC and ETH options trading, focusing on 0DTE (Zero Days to Expiry) options. Key features: - One-time voucher redemption per account - Must be used within 24 hours of claiming - Maximum compensation of 100,000 ZY tokens ($100) - Position must remain until settlement - Voucher becomes invalid if position is modified The platform offers: - Call/Put options for BTC-USDC pairs - Real-time monitoring of positions - Health Factor tracking to prevent liquidation - Automatic stop-loss and take-profit features *Note: Voucher is only valid for new positions and requires holding until expiration for compensation eligibility.*

PoolsDeFiMarketplacesExchangesYield