Covered Call Options Trading
Powered by 1inch Protocol
Decentralized limit orders with superior liquidity and execution
Core Features
Everything you need for professional options trading
Connect Wallet
Use RainbowKit to connect a Gnosis Chain wallet. You'll see your address in the navbar and can switch networks if needed.
Define Series
Choose underlying, strike, expiry, and type. Series appear in a table so you can track and act on them later.
Collateral & Mint
Deposit collateral, then mint options from a defined series. You control quantities and can mint multiple series.
Step-by-Step Workflow
Follow this complete guide to start trading covered call options
Connect Your WalletStart Here
Press the Connect button (top-right). RainbowKit handles providers and accounts seamlessly.
Supports MetaMask, WalletConnect, Coinbase Wallet, and more. Automatically detects Gnosis Chain.
Define Option SeriesRequired
On the Vault page, configure the options series (strike, expiry, etc.). The series table shows what you've created.
Set strike price in WXDAI, choose expiry date, specify collateral per option, and select oracle for settlement.
Deposit CollateralRequired
Add collateral to back minted options. You'll see updated balances and allowances in real-time.
Supports GNO as collateral. Track free vs locked amounts. Approve once, mint multiple times.
Mint Call OptionsRequired
Mint options tokens for a chosen series. Transactions run via your connected wallet with gas estimation.
Each minted option locks the required collateral. Options are ERC-1155 tokens that can be traded.
Create Limit OrdersRequired
Use the 1inch integration to list option tokens. Orders are created client-side and posted to the orderbook.
Set your price, choose payment token (WXDAI, USDC, etc.), enable partial fills, and sign the order.
Settle & ExerciseFinal Step
At or post expiry, settle positions and exercise profitable options. Reclaim unused collateral.
Oracle-based settlement ensures fair pricing. Exercise ITM options for profit. Reclaim collateral from unexercised positions.
Frequently Asked Questions
Get answers to common questions about covered call options