Risq Protocol Polygon Integration

Defi options trading is coming to Polygon with the latest rollout of the OptionsDesk by Risq Protocol. Starting on December 20, 2021 traders on Polygon will be able to trade call and put options on 4 assets, MATIC, WBTC, ETH and LINK. Investors can also earn passive income by providing liquidity to option pools.

If your unfamiliar with options trading, please read our ‘What are Options Contracts?’ article on Medium.

“An options contract is an agreement between two parties to facilitate a potential transaction on an underlying security at a preset price, referred to as the strike price, prior to or on the expiration date.”

Option writers (Liquidity Providers) on Risq Protocol earn premiums when options expire. Earnings are paid in the same token they have locked in the pool, for this initial rollout on Polygon LP’s can earn MATIC, WBTC, ETH or LINK by providing liquidity to those pools.

Option Premiums will be paid in native MATIC token.

Risq’s Liquidity Mining Incentives will also be expanded to Polygon for the RISQ/USDC pair with 1,000,000 RISQ in rewards to be earned on December 27th

Moving RISQ from Binance Smart Chain to Polygon is easily done using the AnySwap bridge. Full instructions can be found in our AnySwap partnership announcement medium post.

About Risq Protocol

Options trading on any market carry a significant amount of financial risk, you should never trade or invest more than you can comfortably afford to lose. Join our Telegram to learn more about Risq Protocol, the OptionsDesk and other Defi dapps. Follow us on Twitter and Reddit to stay up to date with all the latest news and announcements.