Description and Guide

Everest Options is a novel derivatives product built natively Avalanche that empowers users and gives them the possibility of waging and profiting from a prediction or hedging against market volatility.

How the Options Work

After choosing an option, users can buy either CALL (represents an upwards prediction) or PUT (represents a downwards prediction) of an asset. The amount you lock up on the Option Contract will determine your possible return. If you buy 100 EVRT Calls, and the final multiplier for it is 2x, you'll be able to claim 200 if you win (100 EVRT return).

Users have a period that lasts 28% of the option’s lifespan to undertake purchases. On a weekly option, there are two days for users to buy the options, and after they're over, the contract locks buys for the remainder of the period until the expiry date, when claims become available. If your prediction was correct, then the value of your Options Tokens will increase based on the multiplier.

These options contracts are settled with either DAI.e or WAVAX (+ a select few stablecoins).

Contracts settled with DAI.e:

BTC, ETH, LINK, and WAVAX Options.

Contracts settled with WAVAX:

C-Chain native tokens;
Community suggested Options;