To improve efficiency and provide a better, fully-permission-less user experience, Optionblitz, a decentralized trading platform, was built on an Ethereum Layer 2 scaling solution called Arbitrum. Digital options, traditional options, and our flagship trading product, Turbos, are all available to you as a trader. The first-ever decentralized Turbos, combining the best of leveraged certificates and perpetual swaps, are being brought to the blockchain by this broker.
Optionblitz additionally allows you to stake USD Coins for the purpose of liquidity mining. Staking USDC for a cut of the profits gives liquidity providers full discretion over their money and protects them from any short-term losses.
If you’re wondering about Option Blitz and how it uses blockchain technology in trading, let’s go through the ins and outs of this platform in this OptionBlitz Review.
Arbitrum, the protocol used by Ethereum’s Layer 2 network, powers Option Blitz, a decentralized trading platform. Because of this, derivatives traders may rest assured that the platform is both open and accountable.
Guaranteed pricing feeds are provided via low-latency oracles on the Pyth.network platform. This guarantees that the prices used in trades are as up-to-date and accurate as possible.
With the Arbitrum Layer 2 solution, users can benefit from the decentralized nature of the platform while still enjoying near-instant trade execution.
Users of Option Blitz have the option to take part in “yield farming.” Staking USDC allows users to participate in the network’s earnings. When combined with BLX, the enhanced benefits can help you outperform the market. APY.
OptionBlitz’s fast trading windows are one of the platform’s best features. Digital options trading gives investors the opportunity to trade with expiration times as short as 30 seconds. Quick traders who aim to profit from temporary market fluctuations may like this function.
OptionBlitz appreciates its customers and provides bonuses to help them trade more profitably. The platform’s in-app faucet gives users the chance to receive free bonuses in the form of USDB. This increases the user’s trading capital and spices up the trading experience.
OptionBlitz’s round-the-clock service stems from the company’s understanding of the nuances of trading and the difficulties its customers may encounter. Users may rest easy at any hour of the day or night knowing that a devoted crew is always accessible to answer their questions in one of several languages.
Trading costs can often eat into a trader’s profits. Recognizing this, Option Blitz offers a unique feature where clients can opt to have blockchain network costs included in their transactions. This ensures friction-less trading, further supported by Biconomy, allowing traders to maximize their returns without worrying about additional fees.
OptionBlitz ensures that trading is accessible to everyone, regardless of their investment size. With a minimum trade size of just $1, both novice traders and those with limited capital can participate in the world of decentralized trading.
Protecting one’s assets and maintaining command over one’s trading capital are of utmost importance. Because Option Blitz uses a non-custodial model, users retain full access to their money at all times. Users may rest assured that their funds will never leave their control because a third party is never involved.
Option Blitz provides leverage of up to 1:100, which increases trading possibilities. This means that traders can exert influence over a position that is considerably larger than their initial outlay, increasing their potential for profit. Traders should utilize leverage cautiously because, while it increases the potential for profit, it also increases the potential for loss.
Traders can choose from a wide range of financial contracts, including classic American options trading, binary options, touch options, no touch options, double touch options, and perpetual options.
The Arbitrum blockchain protects the platform’s desktop and mobile web trading interfaces.
Users can contribute USDC as liquidity to the platform and partake in the platform’s profits. To maximize returns, users can engage in dual staking with BLX and lock funds for a predetermined period of time.
OptionBlitz Review offers over 100 trading pairs, covering Forex, Crypto, Metals, Energy, Stocks, and Indices.
Option Blitz has partnered with several entities to enhance its offerings. This includes low-latency price feed oracles provided by Pyth, gasless transactions enabled by Biconomy, network infrastructure powered by the Arbitrum blockchain, and security measures audited by Certik.
This section outlines how OptionBlitz earns its revenue through different transactional activities.
This segment details how OptionBlitz distributes profits to its liquidity providers. The distribution varies based on the type of option and the conditions related to the USDC and BLX lock duration.
USDC with no lock duration: Liquidity providers receive a 12% profit.
USDC + BLX with no lock duration: The profit for liquidity providers is 18%.
USDC with maximum lock duration: Liquidity providers get 24% profit.
USDC + BLX with maximum lock duration: Profit distribution is at 36%.
USDC with no lock duration: 20% profit for liquidity providers.
USDC + BLX with no lock duration: 30% profit.
USDC with maximum lock duration: 40% profit.
USDC + BLX with maximum lock duration: A 60% profit is distributed to the liquidity providers.
USDC with no lock duration: Liquidity providers receive 30% profit.
USDC + BLX with no lock duration: They get 45% profit.
USDC with maximum lock duration: The profit stands at 60%.
USDC + BLX with maximum lock duration: Liquidity providers enjoy a 90% profit.
OptionBlitz offers an affiliate program where participants can earn based on the total trading revenue generated by their own account and any referrals they make. OptionBlitz has a unique model for distributing profits to its liquidity providers. The platform collects fixed fees and then distributes them in various ways to those who provide liquidity.
Affiliates have the potential to earn up to 12.5% of net profit on digital options.
They can also earn up to 40% of transaction fees collected on leveraged products.
Depending on the type of investment made, users of the site can participate in a variety of revenue sharing models. Summarized Here:
OptionBlitz is a decentralized option and social trading platform that offers many features for novice and experienced traders in OptionBlitz Review. If you’re considering going into the world of decentralized trading with OptionBlitz, here’s a step-by-step guide to help you get started:
To begin your trading journey:
OptionBlitz offers a wide range of trading products and tools. Let’s look at them next in this OptionBlitz Review.
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So, if you find this OptionBlitz Review insightful, we suggest you give it a try and see if it works for you! To get started, Click here.
The blockchain is a distributed database that adheres to a set of rules for transferring data, one of which is consensus. The OptionBlitz trading protocol is written in blockchain code, and the network polices itself to ensure that all trades are final and unchangeable. Since it is impossible to alter the transaction or the circumstances for the transaction to occur without the system failing to reach a consensus, this safeguards customers from fraud or manipulation.
Your app wallet, such as Metamask, or a 1-click login with social authentication, such as Google, will load as options when you click the login button. This creates a wallet in your browser where you can store coins like USDC.
Deposits are not required! To fund your USDC wallet, just send USDC from another address or purchase USDC using the in-app currency exchange. Over 140 countries are supported for both bank transfers and debit/credit card payments. We never have access to the secret keys that would allow us to access your funds. Therefore, your money is always safe.
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