"Opened the options chain and thought I accidentally opened an Excel Spreadsheet" Every perps trader trying options Options are having a moment on CT, as everyone now agrees they're underrate
"Opened the options chain and thought I accidentally opened an Excel Spreadsheet"Every perps trader trying options
Options are having a moment on CT, as everyone now agrees they're underrated, underused, and probably inevitable, but the debate always stalls at the same question: why haven't perp traders adopted options?
The answer starts with what crypto actually built first.
https://x.com/DefiLlama/status/2082840012513538317
Anyone with a wallet can now access perpetual futures 24/7 on major assets, from anywhere and without a brokerage account or a prime broker relationship. That was genuinely new, as traditional finance took decades to give retail traders anything close to this type of access.
But the products that emerged were optimized for one thing: taking on more exposure.
Perps are long or short with leverage, and liquidation is the risk management. The market only grew because it gave traders size, speed, and 24/7 access.
In traditional finance, options are the tool that changed the equation, as fund managers use them to protect portfolios, institutions use them to define risk before entering a position, and retail traders use them to cap a loss while keeping upside open.
None of that is speculation.https://x.com/DefiLlama/status/1684974149410725891
Onchain options have actually existed for years, processing real volume, yet they haven't made it into the average perp trader's toolkit.
Four years ago, we built the first CLOB options DEX onchain and have since processed billions in options volume. Watching it from this particular vantage point, a diagnosis became clear: mainstream adoption has not materialized, not because of demand, but because of the interface.
Open an options terminal for the first time and you’re confronted with a chain of strikes at intervals you didn't choose, expiries you have to select, and Greeks you are expected to monitor in real time.
https://www.youtube.com/watch?v=ddjx8ORUpek
The problem is not that options are hard, the problem is that options feel like a different game entirely, with a different vocabulary and a different set of things to track.
Every perp trader wants what options deliver, they want defined risk, a floor on their position, and a worst-case they can see before the market moves, but the interface that delivers those outcomes is the part they've been rejecting.
So we started building with one specific question in mind: what if you could have options outcomes without the options interface?
PERPS+ is where that question landed.
https://x.com/aevoxyz/status/2082473884628992443
A BTC or ETH perp with one of three outcomes attached at entry, so you can cap your downside while leaving upside fully open, collect a premium upfront on the position you are already comfortable holding, or define both sides for close to zero net cost.
The options infrastructure runs underneath, on the same order book, margin engine, and settlement layer we built for our full derivatives stack, as our options and perpetuals share the same collateral pool and the same account.
This is only possible because we built both options and perps on a single exchange, from the very start.
The options conversation on CT is getting louder, and the debate has moved from whether options are useful to why they have not arrived yet for the average perp trader.
PERPS+ brought options into a format perp traders already understand, now the next step is rethinking the options experience itself.
We’re not done 🔮
