We were delighted to welcome our guest from OPA. The AMA took place on June 3rd, 2021 and our guest was @PappaPanda! <\/p>\n\n\n\n
The total reward pool was 500$ and was divided into three parts. In this AMA recap we will try to summarize some of the most interesting points for you.<\/p>\n\n\n\n
Gold Rocket | Satoshi Club: <\/strong>Hello again, dear Satoshi Club\ncommunity! We are pleased to announce AMA with OPA.🐼 Today our guest\nis @PappaPanda!🐼<\/p>\n\n\n\n Andr\u00e9s M. | Satoshi Club: <\/strong>Our dear guest today is @PappaPanda.\nWelcome to Satoshi Club!<\/p>\n\n\n\n Giant Panda: <\/strong>hi<\/p>\n\n\n\n Gold Rocket | Satoshi Club: <\/strong>Hello and welcome to Satoshi Club,\n@PappaPanda!<\/p>\n\n\n\n Giant Panda: <\/strong>honored to be invited here<\/p>\n\n\n\n Andr\u00e9s M. | Satoshi Club: <\/strong>Nice to meet you, we are glad to\nhave you here<\/p>\n\n\n\n Gold Rocket | Satoshi Club: <\/strong>Let’s start! Introduce yourself\nplease. How did you get to be involved in crypto & OPA?<\/p>\n\n\n\n Giant Panda: <\/strong>I am COO of Option Panda (https:\/\/opanda.io)\nand very proud to share our product with Satochi club members. I have been in\ncrypto space for over 5 years, getting involved in a couple of cornerstone\ndevelopment in the Ethereum ecosystem before. Option Panda is a very innovative\noptions trading platform that we want to build for community members, the first\nin its kind on Binance Smart Chain. We are also considering deployment on Matic\n& Arbitrum as well to serve the Ethereum community’s trading needs.<\/p>\n\n\n\n We have\ndone deep research with the derivative products so far in the market. Almost\n99% of them have big flaws and not convenient for users to use. Option Panda\nhas a vision to bring a transparent, fair, convenient trading experience to\ncrypto community members.<\/p>\n\n\n\n Gold Rocket | Satoshi Club: <\/strong>this is really impressive! 👍<\/p>\n\n\n\n Giant Panda: <\/strong>over<\/p>\n\n\n\n Andr\u00e9s M. | Satoshi Club: <\/strong>Important platform right now. How\nthis idea came to your main? How born OPA?<\/p>\n\n\n\n Giant Panda: <\/strong>We think DeFi is the future of finance.\nHowever, there aren’t many serious team on the market to build a solid product,\nespecially derivative product. Decentralized exchanges like Uniswap proved the\npower of DeFi, however, it’s not easy to use and sometimes bares a lot of risks\nfor small players. The same with lending protocols. Option Panda want to build\nan options trading platform that will give traders the freedom to trade within\na safe & fair environment, and a product that could leverage people’s\npurchasing power. At the same time, a decentralized exchange must be community-driven so that the\ngovernance power is owned by community. That’s why we have this platform token\nOPA. We’re paving the way for community members to use OPA to govern Option\nPanda affairs. Soon to deliver.over<\/p>\n\n\n\n Gold Rocket | Satoshi Club: <\/strong>This is very promising! You guys are\nin trend👍<\/p>\n\n\n\n Andr\u00e9s M. | Satoshi Club: <\/strong>Great, so please tell us about the\ninteresting name, why did you choose the panda as your symbol?<\/p>\n\n\n\n Gold Rocket | Satoshi Club: <\/strong>Please tell us also a bit about OPA\nteam. Who is the core of the project team?🐼 Everybody loves a panda❤️🐼<\/p>\n\n\n\n Giant Panda: <\/strong>Panda is cute and it doesn’t bite😀 People in the world loves and adores Panda. We\nhope Option Panda could also win crypto community’s love.<\/p>\n\n\n\n Andr\u00e9s M. | Satoshi Club: <\/strong>That’s a good point, are amazing\ncreatures 😍 Completely agree😁<\/p>\n\n\n\n Gold Rocket | Satoshi Club: <\/strong>For sure🐼😍<\/p>\n\n\n\n Giant Panda: <\/strong>I am COO in the team. I am also coordinating a\nlot of development and marketing effort of the project. The CEO is a veteran in\nthe trading field who has made a lot of profit in the early times of\nblockchain. Our chief developer is a top 10 code contributor in the Github\ncommunity, really deep in coding. The CMO is a former CMO of a big centralized\nexchange.<\/p>\n\n\n\n Gold Rocket | Satoshi Club: <\/strong>Aww.. dream Panda 🐼 team😁<\/p>\n\n\n\n Andr\u00e9s M. | Satoshi Club: <\/strong>Thank you so much for the\nintroduction. We have collected the best community questions for this stage of\nthe AMA. Let’s proceed with the first one. Ready?<\/p>\n\n\n\n Giant Panda: <\/strong>I am ready😆😆<\/p>\n\n\n\n Q1\nfrom Telegram User @victorogb<\/em><\/strong><\/p>\n\n\n\n Options\nPanda barely launched a couple of days back (May 31st, 2021) on Gate.io Startup\nand received an overwhelming reception with startup funding raised to over 333\ntimes of the projected goal. This astonishing performance, is a direct pointer\nto investors confidence in the project and also shows the strong desire of\ncustomers for options product. Riding on this massive success, how will Options\nPanda look to improve, expand and innovate options trade to meet future growth\npredictions and challenges, and how will Options Panda ease the\ninteroperability of it\u2019s products with other protocols?<\/em><\/p>\n\n\n\n Giant Panda: <\/strong>We\u2019ve completed the first milestone of\nlaunching Option Panda. Right now we\u2019re focusing on expanding the recognition\namong crypto communities and make people aware of that Option Panda is the best\nin kind options trading platform that they could use to leverage their trading\npower.<\/p>\n\n\n\n Andr\u00e9s M. | Satoshi Club: <\/strong>How are the fees on your platform?<\/p>\n\n\n\n Giant Panda: <\/strong>Concerning interoperability with other\nprotocols, it\u2019s very easy for lending platforms or multi-strategy platforms to\nsimply call a function() in our smart contract to automatically sell or buy an\noption. Other protocols could easily retrieve data from Option Panda smart\ncontract. We\u2019re looking forward to discuss integration with other protocols\nbuilt on Binance Smart Chain. But anyway, so far most protocols built on BSC is\nvery naive and simple copycat from available Ethereum ecosystem protocols. Thus\nit would take time for them to comprehend a complex product like Option Panda.<\/p>\n\n\n\n Giant Panda: <\/strong>Option Panda charges 1% from the profit of\nbuyers\/seller. A very tiny percentage compared to the profit prospect of an\noption position. We’ll use all that revenue to buy back and burn OPA. Therefore\nthe platform revenue only benefits OPA holders. Those rules are all writen in\nthe code and could not be changed by anyone<\/p>\n\n\n\n Gold Rocket | Satoshi Club: <\/strong>Therefore, there are such projects\nas OPA! To bring the best in crypto👍😉<\/p>\n\n\n\n Andr\u00e9s M. | Satoshi Club: <\/strong>Low fees and great trading tools,\ngood combination.<\/p>\n\n\n\n Giant Panda: <\/strong>fees are charged only when you have made a\nprofit<\/p>\n\n\n\n Andr\u00e9s M. | Satoshi Club: <\/strong>Btw, how do you deal with the\nliquidity of the platform? How to increase it?<\/p>\n\n\n\n Giant Panda: <\/strong>Options product are not easy to comprehend.\nWe’re working on to educate more users to leverage this powerful tool. Although\nwe’re just launched and doesn’t have a lot of users so far. There is no\nliquidity crisis with Option Panda. Option Panda doesn’t rely on liquidity\ndepth to survive. No matter we have a big or small user base, it could function\nwell as designed.Big user base=big underwriting power, small user base=small\nunderwriting power. It doesn’t affect the normal function of Option Panda.<\/p>\n\n\n\n Gold Rocket | Satoshi Club: <\/strong>Thanks for your answers! Ready to\nproceed to the next question?<\/p>\n\n\n\n Giant Panda: <\/strong>yes. let’s move on<\/p>\n\n\n\n Q2\nfrom Telegram User @Brainchest<\/em><\/strong><\/p>\n\n\n\n What are\nthe risks if I hold money in the BNB- Put Underwriting Pool? At the moment\n1124% APR for me is more attractive than trading options. But surely such a\nrate could contain \u201d Traps \u201d and I could lose money? Or is it a completely safe\nand guaranteed bet?<\/em><\/p>\n\n\n\n Giant Panda: <\/strong>If you hold money in the BNB put underwriting\npool, in one way, you have revenue from the BNB call option buyers, who will\npay USDT to purchase options from the pool; in another way, you will bare the\nrisk that BNB has a sudden spike therefore the exercise of BNB Call options\nholdings might cause you lose a tiny amount of principle. Please bare in mind\nthat Option Panda is providing high frequency options underwriting\nfunctionality. Therefore the impairment is very “tiny”. You can’t expect\nBNB to spike 30% in 5 minutes or 30 minutes, right? Even if it does, the\nautomatic sigma adjustment would compensate you with higher option fee\nrevenues. That’s means the buyers will have to pay you more to acquire options\nfrom you.<\/p>\n\n\n\n Also, as\nOption Panda settle options in fiat term, a simple calculation would reveal\nthat you don\u2019t lose money in fiat terms.<\/p>\n\n\n\n Giant Panda: <\/strong>To sum up, your funds is SAFE, no traps. Please\ntake some time to DYOR. We have illustrations in our documentation.\nhttps:\/\/docs.opanda.io<\/p>\n\n\n\n Gold Rocket | Satoshi Club: <\/strong>safety first👍<\/p>\n\n\n\n Andr\u00e9s M. | Satoshi Club: <\/strong>Let’s check it Satoshiclubbers, is\ntime to educate ourselves!<\/p>\n\n\n\n Giant Panda: <\/strong>However, it’s not a guaranteed bet. If no users\nare buying a BNB call option, you will notice that the APR will go 0. Which\nmeans as BNB call pool contributor, you don’t have any revenue in a certain\ntime period.<\/p>\n\n\n\n It’s all a\ndynamic process, depending on a lot of factors. I can ensure you that it makes\nsense and is fair.<\/p>\n\n\n\n Andr\u00e9s M. | Satoshi Club: <\/strong>What others pools do you have on the\nplatform?<\/p>\n\n\n\n Giant Panda: <\/strong>so far BTCB\/ETH\/BNB. we’ll add more underlying\nassets like LINK\/LTC\/DOT in the coming weeks<\/p>\n\n\n\n Gold Rocket | Satoshi Club: <\/strong>thank you very much for the detailed\nanswer! ready for the next question?<\/p>\n\n\n\n Giant Panda: <\/strong>ok. let’s move on<\/p>\n\n\n\n Q3\nfrom Telegram User @Ajpaa <\/em><\/strong><\/p>\n\n\n\n The\noption value in your ecosystem is said to be composed of intrinsice value and\nextrinsic value. What is the difference between the two values? How does the\nintrinsic value measure profit? How does Extrinsic value rises with increase in\nvolatility in the market? How does this help a user make better decision to\nmaximize profit in your ecosystem?<\/em><\/p>\n\n\n\n Gold Rocket | Satoshi Club: <\/strong>Great! Thanks for sharing 😊<\/p>\n\n\n\n Giant Panda: <\/strong>As Option Panda is only underwriting At The\nMoney options, intrinsic value with any buyer is 0. For the difference and\nexplanation of intrinsic and extrinsic value, you can read here: https:\/\/docs.opanda.io\/untitled\/6.-what-is-an-options-intrinsic-value-and-extrinsic-value<\/a><\/p>\n\n\n\n Extrinsic\nvalue is also sometimes called time value of an option. All options underwriten\nand bought on Option Panda only have time value till expiry.<\/p>\n\n\n\n The\nvolatility of an underlying asset will be automatically adjusted by the system,\ndepending on the usage\/utilization of the system. It’s also a dynamic process.<\/p>\n\n\n\n Andr\u00e9s M. | Satoshi Club: <\/strong>Btw, great job with this guides, I\nagree with you that option are an interesting but complex concept. Do you have\nmore guides like this one to learn more?<\/p>\n\n\n\n Gold Rocket | Satoshi Club: <\/strong>Yes, in this industry it is very\ndifficult to understand without a good guide. thanks for taking care of this👏👏👏🐼<\/p>\n\n\n\n Giant Panda: <\/strong>We’re making video tutorials. Soon to be\nreleased. So that people will learn how to use Option Panda. Right now we are\nin the infant stage of growing, I have confidence that soon people will learn\nour platform. Savvy investors should start from the tutorial we write from\nhere.<\/p>\n\n\n\n Gold Rocket | Satoshi Club: <\/strong>Thank you very much for your\nanswers! ready for the next question? 🐼<\/p>\n\n\n\n Giant Panda: <\/strong>hold on. Let’s me have some water<\/p>\n\n\n\n