Introduction
Learn what CallPut is, how tokenized options work, and why onchain options enable 24/7 trading, composability, and transparent settlement for equities and crypto.
CallPut Overview
CallPut is an onchain options trading protocol designed to deliver 24/7 market access, accurate pricing, and capital-efficient execution for options on crypto assets and U.S. equities.
The protocol operates without custody or intermediaries and is built to function independently of traditional market hours, enabling continuous trading and transparent onchain settlement.
Core Value of CallPut
For Perp Traders
CallPut provides an environment where traders can achieve higher leverage than perpetual futures, while maintaining defined risk and no liquidation mechanics inherent to options structures.
For Options Traders
CallPut offers accurate, low-cost pricing and capital-efficient execution for options on both crypto assets and U.S. stocks, supported by pooled liquidity and adaptive spreads.
For Equity Options Traders
CallPut provides non-custodial, onchain access to equity options with 24/7 trading availability. Traders can open, manage, and close positions at any time, without being limited by traditional market hours or geographical boundaries.
Core Strengths of CallPut
CallPut is designed around several structural advantages:
AMM-based liquidity for options, enabling consistent liquidity for both opening and closing positions
24/7 trading availability, supported by synthetic pricing and dynamic spread adjustment
Fully onchain execution and settlement, ensuring transparency and deterministic outcomes
Liquidity-provider-first risk design, reducing systemic default risk through capped exposures
Permissionless access, allowing anyone to trade without account approval, geographical boundaries, or intermediaries
Tokenized option positions, enabling composability across DeFi protocols and seamless integration with other platforms
Low-cost execution, achieved through capital-efficient option structures and onchain settlement without broker or clearing fees
These characteristics allow CallPut to deliver an options market structure that is difficult to replicate with traditional orderbook-based or broker-mediated systems.
Tradable Instruments
CallPut starts with BTC and ETH options as its initial markets.
From there, the protocol will gradually expand to U.S. stock options and additional altcoin options, as liquidity and risk parameters allow.
Community and Ecosystem
CallPut is built as an open protocol with an emphasis on community participation. Users can follow product updates, documentation releases, and protocol announcements through official community channels, including X (Twitter) and Discord documentation. X (Twitter): https://x.com/CallPutApp Discord: https://discord.gg/EnVuTz4k
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