Few thoughts as I wait to board my flight to Goa I think crypto options are approaching an inflection point, with RFQ engines like @DeriveXYZ helping simplify access, but the bigger opportunity is embedding them into the dapps traders already use. I see 3 things happening here: 1. Simplification drives adoption Protocols like @DeriveXYZ and @ryskfinance are abstracting away the complexity of options, with e.g. Rysk replacing greeks and payoff curves with a simple UI showing your deposit, upfront APR, and expected outcomes (if/else statements). 2. Limit orders become a distribution channel CowSwap did $3b in limit order vol past 3 months ($12b/yr annualized) yet users earned no yield on that flow. Imagine if users could sell puts or calls directly through the same UI, earning a premium for taking on an options obligation instead of simply placing a traditional limit order. 3. Curators and solvers manage the complexity traditional limit orders can be cancelled at any time, whereas options lock you into an obligation until expiry unless you close the position earlier. Pricing that risk isn't trivial and most users won't know how to optimise for it. This is where sophisticated solvers could compete to quote arbitrary strikes and qtns using hedged inventory, while curators help optimise for premium, risk, probability of the desired outcome, etc The bigger bet is that limit orders could become a distribution channel to options while curators and solvers handle the complexity so users get better execution and optionality on their trades. Anyway, I think this deserves a bigger write-up. Will publish a blog on this post-Devcon.