Panoptic

Panoptic is a DeFi system focused on option trading. It functions as a permanent, oracle-free options trading protocol on the Ethereum blockchain. The platform allows for permissionless trading of options on any token linked to the Uniswap v3 or v4 liquidity pools, eliminating the need for middlemen or traditional clearing procedures. The protocol aims to strengthen on-chain options markets and facilitate trade in the DeFi ecosystem.

Key Features:

• The protocol enables the trading, minting, and market creation of perpetual put and call options, allowing for ongoing trading with no expiration dates. 
• It uses new pricing strategies that do not rely on external price oracles. 
• Connecting to Uniswap v3 (Ethereum's largest decentralized exchange) enables fast asset and option switching. 
• Panoptic's perpetual options feature a unique funding rate method that fluctuates based on market conditions.