Contract Specifications

Latest update: 13 June 2024

I. Common Specifications

1. Denomination currency: ERC20 USDT

2. Settlement Basis: Cash

3. Strike Price Intervals:

DBOE will list At-the-Money (ATM) strike put and call options and the next twelve strike prices above and below the ATM strike.

ATM strike refers to the strike price nearest to the level of the underlying price on the listing day.

*Details about each strike price interval can be found in the table in Part II.

4. Option Exercise:

European style (An option may be exercised by the buyer only at expiry).

Post expiry, Short Option holders need to claim back the left-over collateral and Long Option holders need to claim the value of their Long Option via DBOE website or directly via DBOE’s Clearing Smart Contract.

5. Last Trading Time (LTT) on LTD: 8 am GMT (4 pm SGT)

6. Final Settlement Price:

The underlying price will be the arithmetic average of five (5) price snapshots prior to the LTT on LTD.

DBOE will query for five (5) price snapshots prior to the LTT on LTD.

DBOE reserves the right to amend this algorithm depending on prevailing market conditions in order to offer fairness and transparency to all market participants.

II. Specific Contract Details

ETH Options

BTC Options

SOL Options

BNB Options

LINK Options

Contract Size

1 ETH

1 BTC

1 SOL

1 BNB

1 LINK

Strike Price Intervals

$200 interval

$2000 interval

$10 interval

$10 interval

$1 interval

Protection Range (%) (over spot price as of listing time)

E.g. Given ETH price at ~$3,500, protection range will be $300.

E.g. Given BTC price at ~$65,000, protection range will be $4,000.

E.g. Given SOL price at ~$150, protection range will be $15.

E.g. Given BNB price at ~$600, protection range will be $25.

E.g. Given LINK price at ~$15, protection range will be $2.

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