CLAMM Improvement Services

Stryke (Formely Dopex) is pleased to announce a suite of upgrades to the CLAMM based on community feedback.

These are pure quality of life changes and do not materially affect how the CLAMM works in the back-end. Regardless, each upgrade has been thoroughly audited with reports viewable below.

Audits

<link to report>

Limit Exercise

Limit exercise allows CLAMM traders to assign a target price that, if hit, will automatically exercise their option. This allows for more granular control when taking profits without needing to be at your device.

Once activated, the trader has the option to adjust their target price at any time.

Traders will still have the option to manually or automatically (time-based) exercise their options if they desire.

Auto Reserve

Auto-reserve allows CLAMM liquidity providers (“LPs”) to signal their intent to withdraw their liquidity. Once liquidity is returned after the closure of option positions, it will automatically remove it from the CLAMM pool where it can be withdrawn by the LP.

This gives LPs superior control of their tokens, preventing liquidity being trapped due to high utilization rates.

Range Selector

Range selector allows CLAMM LPs to designate a price range when depositing liquidity. This allows for a very similar experience to Uniswap v3 LPing but with optimized yield due to option premiums and other rewards.

This means that liquidity providers no longer have to select individual ticks. Simply select two price points and deposit the required tokens - the range selector will distribute to the ticks accordingly.

Closing Comments

Hopefully these upgrades address a lot of the pain points of the CLAMM and provide a much smoother experience for trader and LPs alike.

Stay tuned.

About Stryke (Formerly Dopex)

Stryke (Formerly Dopex) is a decentralized options protocol that aims to maximize liquidity, minimize losses for option writers and maximize gains for option buyers — all in a passive manner. Stryke (Formerly Dopex) uses option pools to allow anyone to earn a yield passively. Offering value to both option sellers and buyers by ensuring fair and optimized option prices across all strike prices and expiries. This is thanks to our own innovative and state-of-the-art option pricing model that replicates volatility smiles.

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