Flash-loans kinda untraditional financial instruments can be built using power of coding and distributed ledger technology. What secure trestles operations will bring can be beyond our dreams.
What it does
OpWiz is a very flexible american options trading platform where traders can sell/buy options for any combination of ERC20, ERC721, ERC1155 assets, choose their desired asset as option premium and those options can change hands in our secondary-market for options. Traders can also choose their desired asset to receive while selling the options in the secondary market. That much flexibility makes option trading more complex for inexperienced crypto traders so we also provide a user-friendly interface where users can create and trade option contracts for well known ERC20 tokens in a simple way. OpWiz utilizes chainlink price feed and node keepers to automatically exercise the option for option contracts where chainlink price feed is available for the token pairs that option contract is agreed on. This protocol improved by utilizing flash-loans approach to exercise the option without requirement of any capital rather than premium.
How we built it
OpWiz is built by team of 4.
Challenges we ran into
It was hard to provide that much flexibility and it was hard to build such dApp in short deadline.
Accomplishments that we're proud of
We are proud of our UI and how much feature we are able to provide to our users but mostly how much we developed and learned during the Hackathon.
What we learned
We have learned mind-blowing concepts that can only exists on blockchain.
What's next for OpWiz
Make the platform more efficient and make it more user friendly while making it more powerful.