SDX

SDX (Solana Derivatives Exchange) is a DeFi options automated market maker (AMM) that aims to create a new trading venue for crypto options. On SDX, users can buy and sell fully collateralized, cash-settled European options, including call options, put options, and vertical spread strategies. Users can also participate as market makers by providing assets to the AMM pools and earn passive income from the bid-ask spread fees and capital usage fees.