Pay a premium, keep every HYPE above your step for up to 24 hours. No oracle, no liquidation, nobody puts up capital: the writer is the coin's own curve, which never leaves the pool. Premiums pay the creator, the holders and the platform.
Find a coin to rent onAscent goes live with its contracts. Everything below fills in then.
Every Ascent coin's curve counts in steps of about 22% of price. You rent a slice of one step above the price, up to 10% of the step for all calls together.
For 10 minutes to 24 hours. The price comes from Black Scholes, worked out on chain from the pool's own moves. No oracle.
While your call is open, that slice of the curve sits with the desk. If buyers push the price through your step, the slice is worth more.
The desk puts the slice back as the price wants it and sells what is left. Every HYPE above the step's price is yours. Below it you lose only the premium.
No Ascent coin yet.
Nothing yet.