What is Milopt?

Milopt is a decentralized options protocol built on Solana that enables trustless trading of American-style call and put options. Unlike traditional options exchanges that require intermediaries, Milopt operates entirely on-chain, allowing buyers and market makers to trade directly without counterparty risk.

How It Works

Milopt connects two types of participants:

• Buyers - Traders who want to gain price exposure without holding the underlying asset

• Market Makers - Liquidity providers who generate quotes and collect premiums

When a buyer wants to purchase an option, they send a request for quote (RFQ) to the network. Market makers respond with signed quotes containing their premium prices. The buyer selects the best quote, and the option contract is created on-chain with collateral locked by the market maker.

American-Style Options

Milopt implements American-style options, which means buyers can exercise their options at any time before expiration. This is different from European-style options that can only be exercised at expiration.

Option Types:

• CALL Options - The right to buy an asset at a specific strike price

• PUT Options - The right to sell an asset at a specific strike price

Supported Assets:

• SOL (Solana)

• WBTC (Wrapped Bitcoin)

• Other SPL tokens

Settlement:

• All options settle in USDC

• Premiums paid in USDC

• Strike prices denominated in USDC

Key Benefits

For Buyers:

• Gain leveraged exposure to asset price movements

• Limited downside risk (only the premium paid)

• Flexible exercise timing (anytime before expiry)

• No need to trust a centralized exchange

For Market Makers:

• Earn premiums from providing liquidity

• Control your own pricing and risk parameters

• Direct on-chain settlement without intermediaries

• Cryptographically secure quote system

Who Should Use Milopt?

• Traders seeking price exposure with defined risk

• Market Makers wanting to provide options liquidity

• Developers building DeFi applications on Solana

• Protocols integrating options functionality

Milopt is designed to be accessible for traders while providing the technical infrastructure that market makers and developers need to build robust options markets on Solana.