Panoption

Term explanation

Panoptions are perpetual, oracle-less, decentralized, option based on Uniswap V3. They take advange of the fact that ptoviding liquidity in Uniswap V3 is akin to selling covered calls. Panoptic makes use of this obvservation to provide an environment for the decentralized exchange of these instruments by allowing users to "reshufle" liquidity in UniV3 pools in such a way that it behaves as buying/selling options.