https://github.com/numotrade/numo

A marketplace for options on ERC-20s
https://github.com/numotrade/numo

amm defi ethereum options

Last synced: 12 days ago
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A marketplace for options on ERC-20s

• Host: GitHub
• URL: https://github.com/numotrade/numo
• Owner: numotrade
• License: gpl-3.0
• Created: 2024-11-02T02:46:26.000Z (14 days ago)
• Default Branch: main
• Last Pushed: 2024-11-02T04:22:54.000Z (14 days ago)
• Last Synced: 2024-11-02T18:32:33.715Z (13 days ago)
• Topics: amm, defi, ethereum, options
• Language: Solidity
• Homepage:
• Size: 4.53 MB
• Stars: 0
• Watchers: 0
• Forks: 0
• Open Issues: 0
• Metadata Files:
  • Readme: README.md
  • License: LICENSE
  • Audit: audits/README.md
  • Citation: CITATION.cff

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README

        
# Numo 🟩 

[![Fuzz Testing](https://github.com/Uniswap/uniswap-v3-core/actions/workflows/fuzz-testing.yml/badge.svg)](https://github.com/numotrade/numo/actions/workflows/fuzz-testing.yml)

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### A marketplace for options on ERC-20s.

Numo enables 24/7 option markets for leverage, income, and hedging. The smart contract suite is a modified fork of @primitivefinance's open source [RMM-01](https://github.com/primitivefinance/rmm) implementation and the [replicating market makers](https://arxiv.org/abs/2103.14769) paper that first proved any option strategy can be constructed using CFMMs.

## Liquidity Providers

> ⚠️ **WARNING:** This code has not yet been audited. Use at your own risk.

Liquidity providers on Numo earn sustainable yield from selling [european-style call options](https://en.wikipedia.org/wiki/European_option). As in traditional options markets, **sellers** earn a premium upfront. These premiums are paid by buyers who enjoy the *right but not obligation* to exercise the call option if it is in the money. To optimize the premiums earned, a batch auction can be implemented to match buyers and sellers. 

Numo deploys a `market` instance for each pair. Each `market` can handle any two arbitrary ERC-20 token and follows the standard naming conventions seen in traditional FX markets (`base`/`quote`).

## Setup

`forge install`

## Testing

`forge test -vvv`

## Coverage

`forge coverage --report lcov`

`cmd + shift + p -> Coverage Gutters: Display Coverage`

### Deployments by Chain

| Network  | Numo Smart Contracts 0.1.0                                                                                                          |                                                                                                |

| -------- | ----------------------------------------------------------------------------------------------------------------------------- | --------------------------------------------------------------------------------------------------------------------- |

| Celo | [0x82360b9a2076a09ea8abe2b3e11aed89de3a02d1](https://etherscan.io/address/0x82360b9a2076a09ea8abe2b3e11aed89de3a02d1 )        |

| Ethereum Sepolia  | [0x82360b9a2076a09ea8abe2b3e11aed89de3a02d1](https://sepolia.etherscan.io/address/0x82360b9a2076a09ea8abe2b3e11aed89de3a02d1) |