It is obvious anyone who has been keenly observing the rise of DeFi in Cryptosphere are amazed beyond comprehension. Within a short period, the sector is seeing tremendous progress ushering in numerous financial instruments personifying freedom.
The pace at which these instruments are changing the financial landscape is definitely going to impact on the way people invest, transact and exchange value. These innovative networks are offering opportunities without borders allowing everyone to access finance without leaving their homes or offices.
Come to think of how these developments have deepened decentralization and allow monetary engagements, amidst the absence of third-parties coupled with so much transparency. Moving forward the world is in for a surprise and transformation that would make the mainstream financial system out of date. The utilization of digital assets to create many investment products has come at a time when the world is grappling with financial and economic freedom. Of course, the tide is turning now, thanks to Blockchain technology and its related services.
ACO Finance Has More
ACO is a decentralized non-custodial alternatives protocol built on top of the Ethereum Blockchain that empowers users to trade, mint and employ call or set options. It works in a trustless and decentralized fashion without having to depend on any intermediaries and agents. Every option series go through an integrated ACOToken contract that is an ERC20 harmonious. This mechanism makes options interchangeable, fungible and set for additional DeFi combinations.
As a non-custodial platform, ACO allows users, constant accessibility of their money they move onto the network. Actually, it means that you have control of all of your funds and you can withdraw them any time of your choice. In one place, you can buy, earn (write options) and manage your digital assets with ease. The ACO Flash Exercise is also a unique means to link up users with Uniswap via V2 flash swaps.
All funds are safe with no counterparty risk since all positions are fully collateralized. You can immediately start trading on the platform since there is sign up requirements, and all you need to do is to connect your wallet.
Security is a top priority of ACO, and to guarantee that, the ACO protocol Smart Contracts receives auditing from Open Zeppelin, a reputable outfit, and have gone through meticulous subjective examination. Periodically, the project, moreover, runs a bug bounty program inviting community members to notify the team about any bugs and vulnerabilities.
ACO’s Option Trading
Options trading is a valuable accessory when it comes to trading, particularly in the Cryptocurrency’s unstable market. This tool allows a comprehensive advantage and the capacity to hedge positions and likely produce additional income.
When one buys a Call Option rather than ETH, the person is taking the opportunity of leverage permitting the individual to make use of a little money to obtain accurate exposure to ETH preferably than using much money to acquire ETH directly. One can make money if Ether price rises without bringing the entire downside perils that would appear from hodling ETH.
More so, losses are restricted to only what you pay for on the call against the possibly profound losses matching the total drop in ETH value if you had just purchased ETH directly. When ETH price is even, then you either lose some of your holdings or all of the premia you paid for on the call.
Later you can choose to trade the call for a loss. But if Ethereun price moves up, then you gain from the increase. When you have to select whether you need to utilize your right to purchase ETH at a low value or sell the call and accumulate your profit. On the other hand, there is an alternatives approach that can aid you to guard against a slump in ETH price, though it doesn’t curb the upside possibility of ETH price going upwards. This procedure is known as the Protective Put Options Strategy.
With the ACO platform, you can buy a Protective Put, which entails purchasing one Put for every Ether you are hodling. The Put ensures that the owner has the right, although not the responsibility, to trade ETH at the exposure price at any time, till the option terminates irrespective of how low ETH price decays in value. There is always a paid premium to cover the protection, similar to an insurance policy.
Join ACO Finance Community
ACO is inviting all and sundry to connect with their community on social media to learn more about the project, engage in discussions with the team, and contribute to the future of decentralized options.
Here are links to their community platforms:
You can also head to the Github to check the source code of ACO Finance.