Rain is a decentralized prediction and options protocol on Arbitrum. At the core is $RAIN - a token designed with a deflationary engine that burns 2.5% of every trade volume, reducing supply as usage grows.

Aevo is a high-performance decentralized derivatives exchange platform, focused on options and perpetual contracts. The exchange runs on a custom EVM roll-up that rolls up to Ethereum. Aevo operates an off-chain orderbook with on-chain settlements. This means that once orders are matched, trades get executed and settled with smart contracts.

Flying Tulip is an intelligent trading protocol that adapts to market conditions, giving users better execution, higher returns, and integrated DeFi in one platform. Users can access spot, leverage, and perpetual trading from a single liquidity pool without moving funds across different protocols.

Lyra is an automated market maker (AMM) for options, allowing traders to buy and sell options on cryptocurrencies from a pool of liquidity. Liquidity providers (LPs) deposit sUSD (a stablecoin) into one of the asset-specific Lyra Market Maker Vaults (MMVs). This liquidity is used to create two-way (buy and sell) options markets for the asset that the vault holds (e.g. ETH Market Maker Vault LPs quote options on ETH). LPs deposit liquidity into the vault to receive the fees paid when options are traded. Traders use Lyra to trade options, either buying options from or selling options to the MMV. They pay fees (in the form of the market-making spread) to LPs, as payment for their liquidity.

BaseVol is a crypto options trading platform built on the Base chain, focusing on bringing options products from traditional finance to the on-chain world.

SignalPlus is an enterprise technology company that seeks to democratize options trading for digital and crypto assets. Its technology stack is centered around a Wall-Street-caliber options trading dashboard, with a full suite of modular and powerful toolkits and a user-centric interface. Additionally, the platform's open API services enable user subscriptions to an advanced suite of functions, such as automated option market making, dynamic delta hedging, and structured products pricing.

PRDT Finance is a decentralized prediction platform that provides a secure, user-friendly cross-chain environment for binary options trading. PRDT Finance features a more innovative and attractive reward system, such as the thrill of winning big, an interactive coin flip game, the chance to get treasure chests containing various rewards, and other features.

Hedge contracts from Whiteheart help #DeFi users to protect the USD value of their $ETH and $WBTC.

Grix is a unified liquidity protocol for the DeFi options market. Grix aggregates various DeFi options AMMs into a single API & UI, allowing traders to execute trades with deep liquidity and minimal price impact.

Jasper Vault is a peer-to-peer interoperable options protocol.

vDEX is a decentralized derivatives platform that offers 5-10 mainstream cryptocurrencies derivatives including perpetual swaps and options (dual investment). Furthermore, vDEX's dynamic AMM enables automatic position adjustments and delta hedging when necessary, presenting an efficient, cost-effective trading environment.

Opyn is building DeFi-native derivatives and options infrastructure in the DeFi space.

Fufuture is a decentralized perpetual options protocol. Fufuture mitigates the risks associated with high leverage by creating a non-cooperative competitive decentralized trading network founded on the principles of Nash Equilibrium. Fufuture provide the option for traders to engage with high leverage, from 25X to 500X, while maintaining their positions with only a daily management fee. This structure is designed to balance the high-reward approach of leverage with a mechanism that protects against the volatility of the DeFi markets.

Rysk Finance is spearheading on-chain market making for DeFi derivatives, while resolving long-standing industry complexities around generating higher returns per unit of risk taken for liquidity providers. Rysk's signature product, the Dynamic Hedging Vault (DHV), is a dynamic, self-governing options Automated Market Maker (AMM), generating uncorrelated returns for liquidity providers through options trading.

Bracket, created by Bracket Labs, is a DeFi derivative primitive designed to simplify traditional options and structured products to fit the current Web3 landscape. Brackets are ranges of payoff similar to out-of-the-money option-spreads.

Panoptic is a options trading protocol that is perpetual, oracle-free and offers instant-settlement. Panoptic is building options on top of Uniswap v3 liquidity pools, enabling users to mint perpetual options that never expire.

Syrupal Protocol is an on-chain options system.Everyone can participate like Defi, trading, earning, buy structured, all in one place.

SDX (Solana Derivatives Exchange) is a DeFi Option Automated Market Maker (AMM) that aims to establish a new trading venue for crypto options. On SDX, users are able to buy and sell fully-collaterized, cash settled European options, including calls, puts and vertical spread strategies. Users also can participate as a market maker by supplying assets to AMM Pools, and earn passive yield from bid-ask spread fees and capital utilization fees.

SuperVol is a gamified options trading platform on Soneium. SuperVol employs a hybrid approach with on-chain settlement and off-chain orderbook management.

Synquote is a decentralized options trading platform that allows traders to obtain options quotes directly from market makers.

IVX is an on-chain options AMM on Arbitrum built on top of GMX. Since GMX's oracle-based pricing model provides zero-slippage trading, the IVX AMM can take margined futures positions that hedge away net delta exposures without paying to take this liquidity from an order book on a centralized exchange.

Strike Finance is a derivatives protocol that offers trading in options, forwards and perpetual futures. It uses smart contracts to facilitate a decentralized derivatives market.

Hyperdelta is a decentralized options exchange that build on Hyperliquid, aims to leveraging its deep and rapidly-growing perpetuals liquidity.

Fig is a yield protocol using options enabling anyone to spin up and offer sophisticated hedge fund strategies on-chain using options replication principles. Through hybrid on and off chain mechanisms, Fig generates yield on crypto assets through delta neutral option selling (writing) by matching on-chain LP collateral with non-toxic option buy flow through traditional exchanges such as CBOE and CME.

Moby is an on-chain options protocol driven by its SLE (Synchronized Liquidity Engine) model, providing the narrowest spread in the market, maximum liquidity, and Robinhood-class UI/UX.

Haptic Finance is a permissionless options market.instead of protecting from IL, Haptic allows AMM LP to build their own strategies and profit from the market without external capital, other than the value of the LP shares. This is done using existing LP shares as collateral for derivative instruments such as options.

PsyFi is building a suite of open-source, accessible, and best-in-class financial tools and products. These tools enable users to customize their investment strategies according to their risk and reward preferences, including yield-generating option vaults and under-collateralized, cash-settled, European-style options. It also automates a wide range of trading strategies, eliminating the hassle of managing positions and optimizing yields for users.

Arrow Markets is the next generation of options markets, democratizing the entire options trading pipeline, from market making to brokering, to clearing and settlement. Arrow’s AMM utilizes sophisticated demand-based pricing coupled with a hedging engine that replicates the hedging activities of traditional market makers. The protocol will distribute the residual returns to liquidity providers who act as insurance providers.

MegaFi is a DeFi platform built on MegaETH that brings institutional-grade options trading to everyone.

Ithaca Protocol is a non-custodial composable options protocol. Its auction based matching engine allows for more liquidity for a given number of orders; users are empowered to tailor their exposure to any expected market move and desired scenario. Ithaca levels the playing field by presenting everyone with direct access to risk sharing engineering with a few clicks.