Zomma Protocol Launches Loss Coverage Voucher for Options Trading

🎟️ Free Money If You Lose?

By Zomma Protocol
Dec 19, 2024, 4:59 PM
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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.​

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Read more about Zomma Protocol

Zomma Protocol Launches Loss Coverage Voucher for 0DTE Options Trading

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

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