"The Missing Link in DeFi: Analyzing the On-Chain Options Development History and Future Directions" (Author @alphaomegacat; Translated by Wu Shuo Blockchain)


The long-term development of crypto options has fallen short of expectations; the core issue is not the lack of tools, but that the market has overbuilt a professional trading layer while neglecting idle capital from spot holders, DAO treasuries, LSTs, and long-term large investors that can truly provide scalable order flow.
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