Today, we’re excited to open up first access to Hook Odyssey. Odyssey is the fastest NFT-focused derivatives DEX and is deployed on Hook Chain, a custom-built Arbitrum Orbit chain. Who has access? You need to hold an Odyssey First Access Pass to start trading on Odyssey. Check your wallets
Season 1 of the Treasure Hunt concludes tonight with the end of Cycle 10. After the end of Cycle 10, Hook’s call options protocol will enter close-only mode as we focus our efforts on Odyssey. You will always be able to withdraw assets from the protocol, either using our
Today, we’re excited open up the first preview of the Hook Odyssey Testnet. Odyssey is an NFT-focused derivatives DEX, deployed on a custom Arbitrum Orbit Chain. Traders can begin mock trading Milady perps. Support for options and other collections will be added shortly after! Access Preview Now Perpetual Futures
Over the past few weeks, we’ve started covering Odyssey’s new features like put options, perps, and margin. In today’s blog, we’re diving into how Watches.io traders can use Odyssey’s synthetic derivatives to enhance their trading experience. Synthetic derivatives allow traders to open positions without
Today, we’re diving into Odyssey’s margin system, which will allow traders to enter undercollaterized positions while protecting their counterparties. Changes Coming with Odyssey In Hook’s current version, options are fully collateralized. Every option is backed by a specific NFT that the option writer deposited into the protocol.
Hook Odyssey’s new architecture allows traders to create strategies to help scale their NFT Finance activity. One strategy we’re excited to share more about is the ability for lenders to hedge their downside risk through put options. In this blog, we’ll discuss how lenders on Gondi, a
We recently shared a preview of the next iteration of Hook, which will be called Odyssey. Over the next few weeks, we’ll dive into Odyssey’s new features – starting with shorting collections. Since Hook’s launch, our team has focused on building the best possible NFT call options protocol.
Over the last year, NFT lending has emerged as one of the best ways for liquidity providers to earn consistent returns from the NFT market. As this market matures, competition increases, pushing yields downwards and making the returns less compelling. There is a new, emerging market in NFTs that offers
Ahoy! Season 1 of Hook’s Treasure Hunt is here. The Treasure Hunt is Hook's incentive program. If you haven’t started your hunt yet and claimed your first chest, you can do by visiting Hook here, connecting your wallet, and following the steps. Remember - the majority
Visit hook.xyz now to claim your initial rewards.
Hook’s Request-for-Quotes System (RFQ) is the best way for market makers to trade Hook’s covered call options. Instead of having to manually update offers as the price of an option changes, market makers can use Hook’s RFQ to passively respond to requests in real-time. How Hook’s
Last week we shared the audit report for an upcoming product - volatility-based bids or vBids. vBids are a new bid type that make it much easier to participate in Hook’s option market. While we prepare these for launch, we’re excited to reveal more details about them. What
Over the last several months, NFT Finance primitives have expanded the horizon of NFT trading beyond buying and selling NFTs. Traders can now use leverage to long or short NFT collections on nftperp and can trade NFT-backed call options on Hook. One strategy that is common in both traditional financial
Hook now sends notifications when offers are made on NFTs in your wallet. Holders can choose to be notified via email or telegram.
EIP-712 is a standard for secure off-chain signature verification on the Ethereum blockchain. Verifying EIP-712 signatures is not trivial, and we couldn’t find a great blog post about how to approach it using Golang, so I’m sharing my solution with the community.
We're excited to release a new feature this week, lazy minting, designed to provide more liquidity for option buyers on our marketplace. As a refresher, NFT options on Hook allow option buyers to purchase upside exposure from NFT holders. If the NFT doesn’t moon before the option
We briefly touched on the perspective of an NFT trader in a previous blog post where we argued call options are value-accretive for the NFT ecosystem. Today we want to expand on that by presenting a simplified case study based on the currently mooning NFT project DigiDaigaku (floor price = 12.
If you haven’t read our second post “Hook Protocol Overview and Security Audit Result”, you can take a look here. Today we have a quick and exciting announcement. We are excited to share our first NFT airdrop - 🔥Hook Explorer Badge 🔥 - with our community members who signed up
We're excited to share our call options protocol for NFTs. If you haven’t read our first post on “Why call options make sense for NFTs”, you can take a look here. It’s a 2 minute read and will provide helpful context for this blog post. If
Welcome! We’ve been working on something really exciting for the past six months, and we think it’s finally time that we share it with you… What we've been building Hook is an on-chain, NFT-native call options protocol. To simplify, it does two things: 1. Anyone holding