Altcoin Option Trading Competition with $30,000 in Prizes Launched by Optix

Decentralized option protocol Optix is offering a trading competition where traders can compete for a share in 15,000 USDC, while liquidity providers will share the remaining 15,000 USDC. This applies to all option markets available on Arbitrum, including Ethereum, Bitcoin, Matic, and others. Optix offers a unique range of diverse assets, a simple user experience, and support for multiple chains, such as Arbitrum and Polygon, making it accessible to a wider range of users. Optix works on the principle of collateralizing in a vault, enabling traders to utilize their capital while maximizing investment opportunities. Optix caters to protocols, DAOs, investors, retail traders, market makers, and institutions. It also has an on-chain referral program where users can earn a share of the action by inviting friends to trade on Optix. The OPTIX token, a utility and governance token, will be launched in Q3 of 2023, providing ownership and governance of the Optix protocol to its community. Investors raised $1.8m in funding.