Valorem Options V1 is a DeFi money lego enabling writing covered call and covered put, physically settled, american or european options. All written options are fully collateralized against an ERC-20 underlying asset and exercised with an ERC-20 exercise asset using a deterministic algorithm for fair settlement. Options contracts are issued as fungible ERC-1155 tokens, with each token representing a contract. Option writers are additionally issued an ERC-1155 NFT representing a lot of contracts written for claiming collateral and exercise assignment. This design eliminates the need for market price oracles, and allows for permission-less writing, and gas efficient transfer, of a broad swath of traditional options.
This project is Alpha quality at present, and interfaces are subject to change.