Clutch Markets, the development team behind StonkBrokers, announced on X that it has launched the STORMM mechanism and plans to introduce a permissionless on-chain options exchange called Leverage Machine in September. According to Odaily, users on Leverage Machine will be able to provide stock token or ETH liquidity and earn LP fees, option premiums, and stock token multiplier rewards.
Other users will be able to buy call or put options backed by the related liquidity. Each options position will be minted as a tradable NFT that records position size, strike price, expiration time, and whether it is in the money, and it can be traded on NFT marketplaces such as OpenSea.
Leverage Machine will also offer an Easy Mode that lets users enter a forecast for a stock token's price and time period, after which the system will automatically match the corresponding strike-price liquidity and execute the options trade. For options buyers, the mode does not include perpetual-contract-style forced liquidation, and positions will expire at maturity or be exercised if they are in the money.
XingChi