Vyper to Offer USDC Option Trading

Vyper Protocol
2 min readMar 11, 2023

Vyper Protocol, a major player in the world of DeFi, is set to launch USDC (Circle USD) option trading in the near future. The new product will provide digital asset investors with a cheaper way to hedge against USDC de-peg and volatility than perpetual swaps.

Options are tied and settled to the USDC Index price provided by Pyth. The index measures the current market price of USDC. For the exact specifics on how the Index is built check HERE

USDC option trading involves taking a view on the future price of USDC. With the new option offering, traders can bypass complexities involved in trading the perpetual swap which pose serious exposure to funding risk. This product is particularly useful for those who want protection or exposure to USDC further de-pegging or re-pegging to single digit but do not want to trade on a CEX.

Vyper Protocol users will be able to trade custom expiry options. The USDC option is a linear contract which is priced, margined, and settled in USDT.

Traders should note that USDC options, like other derivatives, are leveraged products that can amplify both gains and losses.

Interested to know more? Get in touch via Discord or Twitter

Discord: https://discord.com/invite/DuXVSgjmuW
Twitter: https://twitter.com/VyperProtocol




Vyper Protocol

A DeFi primitive allowing users to create, trade, and settle any kind of on-chain derivatives 🐍 vyperprotocol.io