Operations with Perpetual Instrument Options Pool Token

Any Client can act as a Liquidity Provider and buy Perpetual Instrument Options Pool Token.

These tokens are traded in the Spot section, like regular SPL Tokens. Trading occurs in the traditional Orderbook mode without AMM. The Protocol constantly calculates the fair price of this token based on potential risks, the size of the pool and the cash flow from received and paid option premiums. If the Client's purchase order price is higher than this price or the sale order price is lower than this price, the Protocol can fill the order. In the absence of this mechanism, trading occurs between market participants.