Use cases

Buyer side

If you are bearish on a NFT project and are convinced that its value is going to decrease over the time, you can decide to buy a put option.

This put option can also be a nice protection against future value decrease of a NFT you hold.

The put option allows you to either “lock” the selling price of a NFT for a specified period of time whether you hold this NFT or not or to take a simple bet on the decrease of a NFT collection floor price.

• Best case scenario: You’re able to sell a NFT above its floor price ("strike price") or earning money ("strike price" - "current floor price of the underlying asset (NFT)") thanks to your successful bet.

• Worst case scenario: You lose your premium.

Seller side

If you are bullish on a NFT project and are convinced that its value is going to increase over the time, you can decide to sell a put option.

The put option allows you to earn money (through the premium) while taking a bet on the increase of a NFT collection floor price.

• Best case scenario: You're keeping your collateral (cash (SOL) only for put options for now) and earning money thanks to the premium.

• Worst case scenario: Buyer activates the option, you’re either buying his NFT for “Strike price” so higher than the current floor, but below the floor price at the time you sold the put option (because you’ve earned the premium) or losing part of (or all) your collateralized cash (SOL) ("strike price" - "current floor price of the underlying asset (NFT)").