An options and leveraged trading agreement with no liquidation risk, Cleave has announced the launch of its testnet. The agreement’s core mechanism allows users to split 1 ETH into a “cash asset” and a “call option asset,” with the combined value always equal to 1 ETH. Since the process involves no borrowing or margin mechanisms, user positions will never be liquidated or forcibly closed. Previously, Ethereum founder Vitalik Buterin published an article discussing the feasibility of using options as a new underlying layer for DeFi. On-chain data shows that Vitalik has already completed a “call ETH” trade on this testnet, ranking second on Cleave’s Leaderboard.

ETH-2.95%
View Original
This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.
  • Reward
  • Comment
  • Repost
  • Share
Comment
Add a comment
Add a comment
No comments
  • Pinned